Yep, that’s the goal.
You can select handwritten text, and you can also access the share sheet, but the two don’t seem to be connected. This is in the new iPadOS 14 with built-in OCR (but only on iPad, looking at the same note on i(Phone)OS or macOS gives no OCR).
The way it works is that you select the handwritten text and there is a special “Copy as Text” option:
Which puts the following text on the clipboard: “The Ocr is great, but if I selent this text and share with share sheet, it just grabs the title.”
In my opinion, that is pretty good OCR! Good enough that I would be happy using it to digitise my 100s of handwritten notes. Only problem is the “Copy as Text” option is not what happens when you go to the share sheet to export the note into some other app. Only the typed text is processed through the standard share sheet. For example, in this case, if I send it to Drafts, I just get “Test note to show Ryan”
I am hoping for a one button shortcut… too many steps if I have to open note, select text, copy as text, move to plain text app, open new note, etc etc etc. But maybe it is not possible.