$827 million. Amount of licensing royalties that U.S. universities generated in 2001. “Demonstrating the economic power of academic research. . . US universities alone took in more than $827 million from 7,715 licenses. They also received 3,179 new patents and spun-off 402 companies, according to the latest survey from the Association of University Technology Managers (AUTM).” (Ted Agres, “Licenses worth a billion,”The Scientist, May 27, 2003)
$93.2 million. Total licensing revenues earned by the University of California in FY 2003-2004. "In FY 2003-04, nearly 1,200 new inventions were disclosed by UC faculty and researchers. Overall, the UC system's invention portfolio is comprised of more than 6,600 active inventions. Total licensing revenues, the income received from UC agreements with industry, was $93.2 million in FY 2003-04, a portion of which is re-invested back into research and education on UC campuses. Many of these cutting-edge R&D projects are in fields directly related to the knowledge industry clusters and thus amplify many of the productivity gains arising from UC research.” (University of California, “University of California Tops Annual List of Universities Receiving Patents,” AScribe Business & Economics News Service, March 22, 2005)
$36 million. Estimated licensing revenues earned by team of inventors for developing the thirst-quenching drink Gatorade. “In 1973, [University of Florida] researchers developed Gatorade, a thirst-quenching drink. The Scientist magazine estimates that the beverage has brought more than $9 million to the university and another $36 million to a team of inventors headed by UF physician J. Robert Cade.” (The Associated Press, “Inventors' Income at UF up 70 percent,” Ocala Star-Banner, February 24, 1989)
6,600. Number of active inventions in the invention portfolio of the University of California. In FY 2003-04, nearly 1,200 new inventions were disclosed by UC faculty and researchers. Overall, the UC system's invention portfolio is comprised of more than 6,600 active inventions. Total licensing revenues, the income received from UC agreements with industry, was $93.2 million in FY 2003-04, a portion of which is re-invested back into research and education on UC campuses. Many of these cutting-edge R&D projects are in fields directly related to the knowledge industry clusters and thus amplify many of the productivity gains arising from UC research.” (University of California, “University of California Tops Annual List of Universities Receiving Patents,” AScribe Business & Economics News Service, March 22, 2005)
28.3% of royalty payments to Stanford University inventors. “At Stanford [University] the Office of Technology Licensing takes 15 percent off the top, and remaining royalties are split into equal thirds between the inventor, the university and the inventor's department.” (Chris Rauber, “Dr. Strange Glove,” San Francisco Business Times, December 5, 1997)