Tech Transfer eNews Blog

AUTM data points to universities as “unsung heroes in the economic recovery”

By David Schwartz
Published: August 7th, 2013

The latest AUTM survey – highlights of which were released Monday – shows that university licensing and start-up activity is humming right along. And in an inspired bit of PR, the association says the new data illustrate that research commercialization efforts make universities the “unsung heroes of the economic recovery.”

The FY2012 Licensing Activity Survey will be fully released at the end of the year, but the highlights release this week makes no bones about the strength of innovative activity on U.S. campuses. “The technology transfer profession is a multifaceted profession and challenging to quantify. However, the results of this survey clearly demonstrate that technology transfer professionals made significant contributions to the U.S. economy throughout the recession,” says AUTM President Sean Flanigan, RTTP.

Responding institutions reported $36.8 billion in net product sales from licensed technologies in FY 2012, while also reporting that start-up companies formed by 70 institutions employed 15,741 full-time employees. This was the second year in which AUTM asked questions specifically geared toward the economic impact of tech transfer.

“When people think about job creation, they don’t typically think about universities, but the data show that universities substantially contribute to the creation of new jobs in this country,” adds Flanigan. Here are some of the highlights released by AUTM, with the change from last year’s results in parentheses:

  • 22,150 total U.S. patent applications filed (+11.3%)
  • 5,145 issued U.S. patents (+9.5%)
  • 5,130 licenses executed (+4.7%)
  • 1,242 options executed (+7%)
  • 483 executed licenses containing equity (+16.1%)
  • Total license income: $2.6 billion (+6.8%)
  • 705 start-up companies formed (+5.1%)
  •  4,002 start-ups still operating as of the end of FY2012 (+1.9%).     

Source: PRWeb

Posted under: Tech Transfer e-News

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