In fiscal year 2011, Penn made $14 million from its research.
Research at the University has seen a rise in commercialization, meaning that it is monetized through business ventures like startup companies and licensing agreements with corporations. In 2012, the university held 186 commercialization agreements, compared to only 46 agreements in 2008.
John Swartley, deputy executive director of the Center for Technology Transfer, says that research commercialization at Penn is nothing new. “Penn has been pretty actively engaged in technology transfer for a pretty long time now,” he said, pointing out that CTT was formed in the ’80s.
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To read the original article: The Daily Pennsylvanian :: Penn research commercialization quadruples over four years
