Research and Commercialization Data
Research Expenditures (in millions)
Research expenditures are the actual monies spent on research activities that fiscal year, though the funds may have been awarded in a prior year. Since research awards can fluctuate from year to year, a more stable indicator of research activity is expenditures.
Gross Licensing Income to the University (in millions)
Our ability to generate revenue from the intellectual property developed at the university benefits both the inventor and the university. Licensing income received by the university supports our research, development and other scholarly activities.
Invention Disclosures Received
The number of invention disclosures received each year reflects new commercialization opportunities. It’s also an indicator of the university’s research output and our ability to effectively mine the research being conducted.
License/Option Agreements Signed
The university’s inventions would never get to market without a strong commercial partner. The ability to identify and attract a commercial partner and negotiate mutually satisfactory option/license terms is crucial to our success.
Number of Active License/Option Agreements
To grow a successful technology transfer program, the university must have a number of inventions in all stages of the commercialization pipeline. The number of active license/option agreements is an indicator of our current and potential future revenue streams.
US Patents Issued
An issued patent is recognition of an invention’s novelty and is an important component for successful commercialization. However, as a metric, the goal isn’t necessarily the quantity of patents but rather the quality of the patents from a commercialization standpoint. The number of issued patents reflects those innovations that the university believes have the best opportunity to reach the marketplace.