November 24, 2000
Universities Collected $641-Million in Royalties on Inventions in 1999
American universities collected more than $641-million from royalties on their inventions in the 1999 fiscal year, and they filed for 7,612 U.S. patents, according to a survey by the Association of University Technology Managers.
The number of university patent applications was up sharply from the 6,518 filed in 1998. But the 10-percent increase in royalty income from 1998 to 1999 was markedly smaller than the year-to-year gains reported in the previous few
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