-
Save the date for SSTI's 2024 Annual Conference
Join us December 10-12 in Arizona to connect with and learn from your peers working around the country to strengthen their regional innovation economies. Visit ssticonference.org for more information and sign up to receive updates.
-
As the most comprehensive resource available for those involved in technology-based economic development, SSTI offers the services that are needed to help build tech-based economies. Learn more about membership...
-
Subscribe to the SSTI Weekly Digest
Each week, the SSTI Weekly Digest delivers the latest breaking news and expert analysis of critical issues affecting the tech-based economic development community. Subscribe today!
AUTM Uncovers $1 Billion in Higher Education Royalties
More than $1.26 billion in royalties were collected by U.S. colleges and universities in FY 2000, according to the tenth annual licensing survey released by the Association of University Technology Managers (AUTM). In addition, the FY 2000 Annual AUTM Licensing Survey reported 347 new products were introduced to market and at least 454 spin-off companies were created by the institutions, where inventors filed for more than 8,500 U.S. patents.
Attesting to the localized economic development impact of strong university research, more than 80 percent of the start-up companies were located in the academic institution's home state or province.
Other survey highlights include:
- Two-thirds of the 4,346 new licenses/options in FY 2000 were granted to companies with fewer than 500 employees. Start-up businesses were launched to commercialize 626 of the licenses. New licenses rose 11 percent over 1999 survey results.
- Invention disclosures rose 6 percent from 1999 to a FY 2000 total of 13,032.
- Patent applications grew by 15 percent from the 1999 total of 5,545 to 6,375 in FY 2000. Patents issued rose 3 percent in FY 2000 to 3,764.
- FY 2002 saw academic institutions taking an equity interest in 372 deals, 53 percent more than the previous year. The institutions held equity interest in 56 percent of the 454 spin-offs created in FY 2000.
- Over the ten years AUTM has conducted the survey, nearly 3,400 new businesses have been launched from academic research results. One hundred eighty-four institutions reported 2,309 start-ups were still independent, operating businesses at the end of 2000. The number of license/options reporting income in FY 2000 rose 8 percent from 1999.
- Total adjusted gross license income was $1.26 billion in FY 2000, up 46 percent over FY 1999. The survey report points out much of the growth was a result of one-time payments.
To obtain a copy of AUTM Licensing Survey, FY 2000, contact AUTM at http://www.autm.net, call (847) 559-0846 or write to AUTM Headquarters, 60 Revere Drive, Suite 500, Northbrook, IL, 60062.