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.
Deerfield, IL (PRWEB) August 05, 2013
American universities: unsung heroes in the economic recovery.
University licensing and startup activity continued to see a robust increase during fiscal year 2012 according to survey data published Aug. 5 by the Association of University Technology Managers (AUTM), a nonprofit association of academic technology transfer professionals.
AUTM announces the release of highlights from the AUTM U.S. Licensing Activity Survey: FY2012, a report scheduled for full release at the end of the year. The survey shares quantitative information about licensing activities at U.S. universities, hospitals and research institutions. The survey report is used by universities, hospitals and research institutions as a means to benchmark licensing activity.
"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.
Institutions responding to the survey reported $36.8 billion in net product sales from licensed technologies in fiscal year 2012. In addition, startup companies formed by 70 institutions employed 15,741 full-time employees. This was the second year in which AUTM asked questions specifically targeted at ascertaining the economic impact of academic technology 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.
Highlights of the AUTM U.S. Licensing Activity Survey: FY2012 include:
- 22,150 total U.S. patent applications filed (+11.3%)
- 14,224 new patent applications filed (+7.2%)
- 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 startup companies formed (+5.1%)
- 4,002 startups still operating as of the end of FY2012 (+1.9%)
Members of the press may contact Jodi Talley at +1-847-559-0846 or jtalley(at)autm(dot)net at AUTM headquarters to set up an interview or to obtain a copy of the highlights report.
The Association of University Technology Managers is a nonprofit organization with an international membership of more than 3,000 technology managers and business executives. AUTM members — managers of intellectual property, one of the most active growth sectors of the global economy —come from more than 300 universities, research institutions and teaching hospitals as well as numerous businesses and government organizations.
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