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U.S. Universities: $1.8B from Invention Licenses

By Goldie Blumenstyk

Universities and their inventors earned more than $1.8-billion from commercializing their academic research in the 2011 fiscal year, collecting royalties from new breeds of wheat, from a new drug for the treatment of HIV, and from longstanding arrangements over enduring products like Gatorade.

Northwestern University earned the most of any institution reporting, with more than $191-million in licensing income.

The 157 universities that responded to the annual survey of the Association of University Technology Managers, released on Monday, completed 5,398 licenses and filed for 12,090 new patents. They also created 617 start-up companies.     Rest

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