OSU laid off 12 Innovation Foundation employees after an audit found $41M in misappropriated funds, including $11.5M wrongly ...

Oklahoma State University's new president says the school is cutting off funds for its Innovation Foundation, which is central to a scathing audit.

An internal audit of the OSU Innovation Foundation says the handling of $41 million in state appropriations did not conform ...

OKLAHOMA CITY — Twelve Innovation Foundation employees were laid off by Oklahoma State University in the latest fallout of an internal audit that found legislatively appropriated funds were improperly ...

The Innovation Foundation is a separate legal entity that manages research initiatives, technology commercialization, and business partnerships tied to OSU. Previously known as the Oklahoma State ...

The report determined that $11.5 million of the $41 million in misappropriated funds were transferred to the Innovation Foundation, Inc. without a written contract approved by the OSU/A&M Board.

OKLAHOMA CITY — Twelve Innovation Foundation employees were laid off ... a spokesperson for OSU, in a statement on Monday.