Industry sponsored research by universities increased to $4.5 billion – a new high.
Association of University Technology Managers (AUTM) university licensing report, points out that – university tech transfer accounted for 5,198 licenses. Off these, 496 are equity based positions; 1,356 are options executed. Approximately 14,995 patent applications were filed in 2013, while 5,714 patents were granted in 2013.
It is interesting to note that these numbers were achieved despite the fact that Federally funded university research programs dropped to $40 billion. Much of the losses or drop in federal funding was offset by Industry based research funding.
Credits are due for universities too for figuring out ways to not only offset the funding from federal research programs, but also exploring ways to expand industry collaborations.
Another highlight is the fact that there are as many as 4,206 Start-ups (in 2013) in operations, with associated net product sales of $22.8 billion.
Kameshwar Eranki is CEO of VajraSoft Inc. He is author of the eBooks – Managing Innovations for Profitable growth and The Definitive Guide of Patent Life Cycle Management. For free download of the eBooks, click download Free eBook or click download Free eBook – PLM.
About VajraSoft Inc. – VajraSoft Inc. is Intellectual Property (IP) Management Software company, helping customers manage innovations and monetize IP’s. Our award winning products empower businesses and IP law firms to automate the patent filing cost estimation process of creating cost estimation quotes for filing a patent in any country globally. VajraSoft Inc. PatFolio helps customers with Invention Disclosures Management, Drafting Patent Applications, filing, managing patent prosecution life cycle and patent maintenance.
VajraSoft Inc. is Master Class IP Solution provider, and its products won several Cloud awards including – UP Start Awards for Best Industry Application for 2012. CIO Review magazine selected VajraSoft Inc. as 100 Most promising Big Data companies for 2014. Silicon India magazine listed VajraSoft Inc. as Top 100 Technology companies in US for 2013. VajraSoft Inc. is also Finalist of StartmeupHK Venture Program, conducted by the Govt. of Hong Kong and UP Start Cloud Award for Best BI / Analytics Application for 2013.