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ASEE Prism, Mar 2006 by Grose, Thomas K
INTELLECTUAL PROPERTY
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AMERICA'S UNIVERSITY labs continue to be a wellspring of money-generating invention. U.S. higher education institutions earned $1.39 billion from intellectual property licensing revenue in fiscal year 2004, a 6 percent increase over 2003, according to an annual report of the Association of University Technology Managers (AUTM). But 20 percent of that total went to just two schools: Columbia University ($116 million) and New York University ($109 million); more than half of that money was earned by just eight schools. And drug sales accounted for most of the revenue. The lion's share of NYU's money resulted from sales of Remicade, a drug used to treat several ailments, including Crohn's disease and arthritis. Academic inventions were the basis of 462 start-up companies formed in 2004, a 23.5 percent increase over 2003. Since 1980, AUTM reports that 4,543 start-up companies have emerged from university labs, and as of the end of fiscal 2004, 2,671 were still in operation. AUTM attributes 2004's big leap in startups to the late 2003 recovery of the capital markets after the dot-corn crash three years earlier. U.S. institutions spent $41.25 billion on research in 2004. That's a jump of 7.1 percent over 2003. The federal government accounted for $27.7 billion of that money; $2.94 billion came from industry. The schools filed 10,517 new patent applications in '04, a huge increase of 32.8 percent over '03, and 3,680 new patents were issued to schools in the year-a slide of 6.4 percent from 2003. However, there were 16,871 invention disclosures in the year, an 8.8 percent jump from the previous year. A total of 4,783 new licenses or options were executed, an increase of 6.1 percent over 2003. Schools reported 27,322 active licenses or options in 2004 and noted that 11,414 were generating revenues of some sort. -TG
Copyright American Society for Engineering Education Mar 2006
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Most Popular Articles in Reference
- The importance of understanding organizational culture
- Credit card attitudes and behaviors of college students
- What factors attract foreign direct investment?
- Libraries Need Relationship Marketing - mutual interest marketing concept, ...
- How to set performance goals: employee reviews are more than annual critiques
- More »