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I thought members of this list would like to hear the good news about
the importance of university tech transfer. The AP picked up the press
release and numerous newspapers around the country will likely run
versions tailored to their local institutions. Typically, AP and the
newspapers covering this story focus on the licensing income received.
--
Best Regards,
Michael
Michael Odza
Celebrating ten years of assisting
tech transfer professionals via
Technology Access Report and
Intellectual Property Advice (for researchers)
8 Digital Dr., Suite 250
Novato, CA 94949
800/733-1516 (415/883-7600)
FAX 415/883-6421
xxxxxx@techaccess.com
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{\title Strictly embargoed until February 18, 1998 after 1 A}{\author Diane C.
Hoffman}{\operator Michael
Odza}{\creatim\yr1998\mo2\dy18\hr10\min32}{\revtim\yr1998\mo2\dy18\hr10\min32}{
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\sb240\nowidctlpar\tx432\adjustright \fs22\cgrid {\b \line Strictly embargoed
until\line February 18, 1998
\line after 1 A.M. EST
\par }\pard \sb240\nowidctlpar\tx432\adjustright {\b \column CONTACTS:\line \tab
Michael Odza (press) 415/883-7600\line \tab Daniel E. Massing (Survey Chair)
607/257-1081\line \tab Marvin C. Guthrie (AUTM President) 617/726-8608 \tab
Karen Hersey (AUTM President-Elect) 617/258-8577}{\b\fs20
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\par }\pard \sa180\nowidctlpar\tx432\adjustright {\b\fs38 SURVEY SHOWS SMALL
COMPANIES ARE BIGGEST USERS OF ACADEMIC RESEARCH INNOVATIONS
\par }\pard\plain \s16\sa240\nowidctlpar\tx432\adjustright \b\fs28\cgrid {\fs26
Universities Move Science from the Laboratory to the Marketplace, Supporting
212,000 Jobs and Contributing $24.8 Billion to the Economy}{
\par }\pard\plain \s17\sa120\sl360\slmult1\nowidctlpar\tx432\adjustright \cgrid
{Norwalk, CT\emdash
The sixth annual licensing survey released by the Association of University
Technology Managers (AUTM) confirms that the transfer of research conducted at
academic research institutions to companies plays a vital role in the U.S.
economy. AUTM
estimates that sales of products d
eveloped from inventions made in the course of academic research and licensed to
industry amounted to $20.6 billion in 1996. Furthermore, licensee companies,
including 248 new ones, invested an estimated $4.2 billion prior to sales to
bring the early-stag
e inventions to market. The combination supported an estimated 212,500 primarily
high-wage, high-skill jobs in 1996.
\par "The Survey data illustrate that the private sector is expanding its
partnerships with universities and other nonprofit research institutio
ns, as Congress hoped when it gave us control over our patents," commented
Marvin C. Guthrie, president of AUTM, and vice president, patents and
licensing, Massachusetts General Hospital. "I am especially gratified that
small companies took nearly two-thi
rds (64%) of all the licenses granted last year, just as Congress intended."
\par The nearly 300-page Survey presents a comprehensive profile of academic
technology transfer, the process by which, following the Bayh-Dole Act of 1980
(Public Law 96-517), universi
ties and other nonprofit research institutions find private sector partners to
take on the commercialization of federally funded research discoveries and
innovations. It includes reports from 131 U.S. universities (including 89% of
the top 100 research un
iversities), 26 teaching hospitals and other nonprofit research institutions, 14
Canadian academic institutions and two patent management firms. The data
enhance our understanding of one of the major pathways by which the nation's
investment in basic acad
emic research is translated into public benefits.
\par \sect }\sectd
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{
The Survey reports that research institutions received 10,178 disclosures of
inventions from their researchers in 1996, resulting in 3,261 new patent
applications. Institutions reported negotiating 2,741 new licenses or options
to commercialize academic d
iscoveries. Licenses are the agreements that define terms and conditions for the
right to develop inventions into commercial products. The cumulative total of
active licenses, signifying that the industry par
tner is pursuing commercialization, reached 12,951 in 1996.
\par }\pard \s17\sa120\sl360\slmult1\nowidctlpar\tx432\adjustright {
Reports from a subset of institutions that have provided data every year since
1991, when the survey began, help shed light on trends. Technology transfer
appears to be more efficient in 1996, with research expenditures in support of
academic research upo
n which licensing depends rising at an average rate of 6% annually since 1991,
not inflation-adjusted. Meanwhile, licenses executed at these institutions have
increased 75% since 1991, or 12% per year, on average.
\par While not every innovation succeeds in the market or even in reaching the
market, many of the active licenses have or will result in highly significant
new products or processes, sometimes laying the foundation for new companies,
or even entire industries
. In particular, the biotechnology industry has depended on academic research
since its beginnings in the early 1980s. Newly available data in the 1996
edition of the Survey confirm how crucial technology transfer is to meeting
medical ne
eds: 67% of the active licenses and an even larger percentage of the license
income received by institutions (86%) drew upon research in the biomedical and
other life sciences.
\par Universities reported more detail this year on their level of activity as
equity investors in start-ups or small companies. Universities generally accept
an equity position partially in lieu of licensing fees to permit start-ups to
direct the cash conserv
ed towards faster commercialization. The Survey shows that in 1996, 167
licenses, about six percent, included equity participation for the
institutions.
\par }\pard \s17\sl360\slmult1\nowidctlpar\tx432\adjustright {
The president-elect of AUTM, Karen Hersey, Intellectual Property Counsel for the
Massachusetts Institute of Technology, commented, "The Survey confirms that
research universities are effectively translating theory into practice to the
enormous benefit of
the public. The volume of technology transfer activity demonstrates that
industry not only needs the creativity and innovation of academic research, but
values our active participation in the process of building
partnerships."}{\fs16 \line
\par }\pard \s17\sb120\nowidctlpar\tx432\adjustright {\fs22 AUTM is a nonprofit,
professional membership society with over 1,800 members working in 250 academic
institutions and an equal number of companies. Web site:
http://autm.rice.edu/autm.}{\fs20 }{
\fs22 The Survey is available printed in summary or full report form. The data
are also available in electronic format. To order, contact AUTM: 49 East
Avenue, Norwalk, CT, 06851-3919, phone 203/845-9015, fax 203/847-1304, e-mail:
xxxxxx@ix.netcom.com.}{
\fs16
\par }\pard \s17\qc\sb60\nowidctlpar\tx432\adjustright {\fs22 ####}{
\par }}
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