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Licenses worth a billion
Email: Ted Agres - tedagres@lycos.com News from The Scientist 2003, 4(1):20030527-01
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Demonstrating the economic power of academic research, particularly in the life sciences, US and Canadian universities, teaching hospitals, and research institutions generated nearly $1.1 billion in royalties and fees from discoveries licensed to commercial companies in FY 2001. 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).
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