Despite Recession, Universities Report 'Rock Solid' Effort in Commercializing Inventions

Universities earned about $1.8-billion in the 2009 fiscal year from royalties and other payments for rights to academic inventions that underlie new drugs, software products, and energy-saving technologies, says a report released on Friday by the Association of University Technology Managers.

Although economic conditions were hardly friendly during the period, the universities and systems that participated in the latest version of the annual survey signed more deals in 2009 than in