February 15, 2010
University Inventions Sparked Record Number of Companies in 2008
Academic inventions in medicine, plant genetics, and alternative energy helped to spur the creation of a record 549 new university spinoff companies in the 2008 fiscal year, while generating more than $2.4-billion in licensing revenue for 156 institutions and their inventors, according to a survey released on Monday.
The institutions also executed 4,438 licenses granting rights to companies and others to use the inventions for new products, according to the annual survey, the latest
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