Innovation coming out of American colleges and universities is alive and well. The Association of University Technology Managers' fiscal year 2014 Licensing Survey released in September shows an 11.7% increase in startups spun out of universities with 914 new companies. Meanwhile, there was a 34% increase, to 965, in the number of products in 2014 created by companies licensing university technologies, despite a 5% reduction in federal funding to university research last year as part of the federal government sequester. All told, net product sales derived from university technologies reached $28 billion in 2014, an increase of 27.2% over 2013.
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