In the 2003 fiscal year, colleges and universities across the country filed for more patents, signed more licenses with companies seeking to turn academic research into drugs, devices and other products, and identified a larger number of scientific discoveries with commercial potential than ever before, according to a report released last week.
The 165 institutions that responded to the survey of technology-transfer activity received more than $968 million collectively.
In addition, 3,450 U.S. patents were issued to responding institutions last year.
The Association of University Technology Managers conducted the survey.
According to the survey, licensing revenue includes settlements and damage awards from patent-infringement violations as well as royalties that companies pay for the right to use University inventions.
Seven institutions accounted for one-quarter of the country's earnings. These included the University of California system, University of Florida, Cornell, Stanford, Georgia Institute of Technology, MIT and UPenn.
The majority of institutions, however, earned less than $1 million per year.
--Compiled by A.J. Frank
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