For the eighth consecutive year, the University of Rochester is among the top ten institutions in the country in the amount of royalty revenue it received from licensed technologies. The University ranked ninth in the nation in 2008 in license income according to the Association of University Technology Managers (AUTM).
"We received more revenue in 2008 from our licensed intellectual property than at any other point in the University's history," said Joel Seligman, president of the University of Rochester. "This achievement is a testament to the exceptional quality of our scientific community and the ongoing support of government, the business community, donors, and our research partners in academia and industry."
The annual licensing report released this month by AUTM shows that the University of Rochester received $72.3 million in royalty payments for patented technologies that it has licensed to companies. That year the University also made $361.6 million in research expenditures, was issued 25 U.S. patents, applied for 74 new patents, and formed 6 start-up companies based on University technologies. The data in the AUTM report lags by a year and only contains information for 2008.
To read the full, original article click on this link: University of Rochester a Leader in Technology Commercialization : University of Rochester News
Author: Mark Michaud
