December 2, 2005

Colleges Cash In on Commercial Activity

By GOLDIE BLUMENSTYK

Their inventions generated high revenues and a record number of start-up companies in 2004

Colleges created a record number of start-up companies based on the inventions of their professors and students in the 2004 fiscal year, and they collected more than $1-billion in revenues from licenses on a host of new drugs, agricultural products, high-tech components, and other breakthrough technologies, according to a report released in November.

The number of new

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