New AUTM survey shows strong royalty revenue in FY 2006
Dec. 5, 2007
By Andrea Gibson
Ohio University had the highest licensing income in the state for fiscal year 2006 among public colleges and universities, according to a new survey issued today by the Association of University Technology Managers (AUTM).
Ohio University reported $3.2 million in licensing income for 2006. The University of Akron followed with $1.8 million, and Ohio State University came in third with $947,000. Other Ohio public universities reporting royalty income include Miami University, $655,000; Kent State University, $558,000; University of Cincinnati, $481,763; University of Toledo, $312,423; and Wright State University, $83,210. Bowling Green State University reported no income.
Among Ohio publics, Ohio University also had the highest cumulative adjusted gross income for 2004-2006, at $8,285,210 (see chart).
Most of Ohio University's royalties stem from a license for a 1988 research discovery at the Edison Biotechnology Institute. The work led to the development of a drug for people with acromegaly, a form of gigantism that creates excessive growth of bones and organs in adults.
The university also reported income from several other commercial licenses, including a license for an air pollution control technology used at coal-fired power plants. In addition, the university receives royalties from a license for carbon mitigation and renewable biofuel technologies. Both innovations originated from the Russ College of Engineering and Technology.
In fiscal year 2006, Ohio University also was a leader in inventive productivity based on its high rate of invention disclosures (32) and new patent applications filed (26) compared to research and development dollars invested, said Lisa Rooney, director of the university's Technology Transfer Office.
"Receiving this high level of licensing income has given us the ability to put funding back into technology transfer," she said. "If you look at the number of patents we've filed, that's a lot for a university our size. I do not think we could have done that without this level of revenue performance. It has enabled us to build a platform for future licenses."
Ohio University created the Technology Transfer Office in 1991 to encourage university researchers to move inventions from the laboratory into the marketplace as innovative products and services. The office is the steward of a portfolio of 80 issued U.S. patents as of today, nearly all of which were issued in the past 16 years. It also currently manages more than 150 active invention disclosures and patent applications.
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