Big Office On Campus
by Brian Caterino REVENUE GENERATED BY patents has become big business for cash-strapped universities. According to the annual survey by the Association of University Technology Managers, American Universities received more than $641 million in royalties and filed 7,612 patent applications in the 1999 fiscal year, while the number of patent applications was up almost 17 percent, the increase in royalties was only about 10 percent, considerably less than in past years. Patents developed by researchers and licensed to companies for commercial development include medicines, such as the anti-cancer drug taxol, biotechnology processes, scientific and medical devices and Internet tools, including search […]
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