The
Chronicle of Higher Education is reporting that academic
inventions spurred the "creation of a record 543 new university
spinoff companies in the 2008 fiscal year, while generating more
than $2.3 billion in licensing revenue for 154 institutions and
their inventors."
According to this Chronicle survey, the University of Wisconsin-Madison was one of just 10 institutions that reported licensing revenue of more than $50 million. The survey shows UW-Madison ranked No. 9, with $54.1 million in licensing income.
Only four institutions brought in more than $100 million in licensing revenues: Northwestern University ($824.4 million); University of California system ($146.3 million); Columbia University ($134.3 million); and New York University ($104.3 million). In addition to Northwestern and Wisconsin, the University of Minnesota ($84.7 million) was the only other Big Ten Conference institution in the top 10.
The Wisconsin Alumni Research Foundation, or WARF, is the entity which helps patent discoveries of UW-Madison researchers and licenses those technologies to companies across the globe.
To read the full, original article click on this link: Campus Connection: UW-Madison among leaders in licensing revenue
Author: Todd Finkelmeyer
