Forum for Science, Industry and Business

Sponsored by:     3M 
Search our Site:

 

In a Chilly Investment Climate, Canadian Universities Find Alternative Sources of Revenue

25.11.2011
In fiscal year 2010, 50 new companies were formed as a result of Canadian university research, an increase of 4 percent over the previous year, according to a survey report published Nov. 21 by the Association of University Technology Managers (AUTM), a nonprofit association of academic technology transfer professionals.

The survey also showed a 20 percent increase in industry support for university research, with companies committing $795 million towards innovative research projects.

The results were part of the annual AUTM Canadian Licensing Activity Survey: FY2010, which shares quantitative information about licensing activities at Canadian universities, hospitals and research institutions.

“Overall, the FY2010 data suggest that Canadian technology transfer offices continue to see the effects of the economic recession play out in a variety of ways," says AUTM President Robin L. Rasor, CLP, RTTP. "The overall number of invention disclosures from respondents decreased by nearly 10 percent. Licenses executed – a key indicator of future financial return – declined by more than 27 percent. However, a modest 1.7 percent decrease in overall licensing income was more than offset by a surge of nearly 50 percent in 'other income' – suggestive of offices’ efforts, in a chilly investment climate, to find alternative sources of revenue," adds Rasor.

"One positive metric in this year’s survey was industry funding for research, which increased substantially, by almost 20 percent, to $795 million," says Barbara H. Eccles, LL.M.,RTTP, AUTM Vice President for Canada. "Given the lag between research funding and commercial return, it will be interesting to see if this uptick in funding contributes to an increase in technology transfer activities," adds Eccles.

Highlights of the AUTM Canadian Licensing Activity Survey: FY2010 include:
• 33 new commercial products introduced
• 449 licenses executed
• 50 new companies formed
• 632 startup companies still operating as of the end of FY2010
• $6.1 billion total research expenditures
• 1,732 disclosures
• $58.7 million total licensing income
Patents filed
• 986 total U.S. patent applications
• 928 new patent applications filed
• 181 non-U.S. patent applications
Patents issued
• 143 issued U.S. patents
This year’s survey covers the technology transfer activities of 40 Canadian institutions, three more than responded to the 2009 survey. This year’s survey also makes mention, for the first time, of the work being done by Canada’s 22 Centres of Excellence for Commercialization and Research, a $285 million initiative by the Canadian government aimed at accelerating commercialization of university research in four priority areas – environment, natural resource and energy, health and life sciences and information and communications technologies.

Members of the press may contact Jodi Talley at +1-847-559-0846 or jtalley@autm.net at AUTM headquarters to set up an interview and to request a complimentary copy of the survey report.

About AUTM
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.

| Newswise Science News
Further information:
http://www.autm.net

More articles from Business and Finance:

nachricht Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik

nachricht RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung

All articles from Business and Finance >>>

The most recent press releases about innovation >>>

Die letzten 5 Focus-News des innovations-reports im Überblick:

Im Focus: First evidence on the source of extragalactic particles

For the first time ever, scientists have determined the cosmic origin of highest-energy neutrinos. A research group led by IceCube scientist Elisa Resconi, spokesperson of the Collaborative Research Center SFB1258 at the Technical University of Munich (TUM), provides an important piece of evidence that the particles detected by the IceCube neutrino telescope at the South Pole originate from a galaxy four billion light-years away from Earth.

To rule out other origins with certainty, the team led by neutrino physicist Elisa Resconi from the Technical University of Munich and multi-wavelength...

Im Focus: Magnetic vortices: Two independent magnetic skyrmion phases discovered in a single material

For the first time a team of researchers have discovered two different phases of magnetic skyrmions in a single material. Physicists of the Technical Universities of Munich and Dresden and the University of Cologne can now better study and understand the properties of these magnetic structures, which are important for both basic research and applications.

Whirlpools are an everyday experience in a bath tub: When the water is drained a circular vortex is formed. Typically, such whirls are rather stable. Similar...

Im Focus: Breaking the bond: To take part or not?

Physicists working with Roland Wester at the University of Innsbruck have investigated if and how chemical reactions can be influenced by targeted vibrational excitation of the reactants. They were able to demonstrate that excitation with a laser beam does not affect the efficiency of a chemical exchange reaction and that the excited molecular group acts only as a spectator in the reaction.

A frequently used reaction in organic chemistry is nucleophilic substitution. It plays, for example, an important role in in the synthesis of new chemical...

Im Focus: New 2D Spectroscopy Methods

Optical spectroscopy allows investigating the energy structure and dynamic properties of complex quantum systems. Researchers from the University of Würzburg present two new approaches of coherent two-dimensional spectroscopy.

"Put an excitation into the system and observe how it evolves." According to physicist Professor Tobias Brixner, this is the credo of optical spectroscopy....

Im Focus: Chemical reactions in the light of ultrashort X-ray pulses from free-electron lasers

Ultra-short, high-intensity X-ray flashes open the door to the foundations of chemical reactions. Free-electron lasers generate these kinds of pulses, but there is a catch: the pulses vary in duration and energy. An international research team has now presented a solution: Using a ring of 16 detectors and a circularly polarized laser beam, they can determine both factors with attosecond accuracy.

Free-electron lasers (FELs) generate extremely short and intense X-ray flashes. Researchers can use these flashes to resolve structures with diameters on the...

All Focus news of the innovation-report >>>

Anzeige

Anzeige

VideoLinks
Industry & Economy
Event News

Leading experts in Diabetes, Metabolism and Biomedical Engineering discuss Precision Medicine

13.07.2018 | Event News

Conference on Laser Polishing – LaP: Fine Tuning for Surfaces

12.07.2018 | Event News

11th European Wood-based Panel Symposium 2018: Meeting point for the wood-based materials industry

03.07.2018 | Event News

 
Latest News

Machine-learning predicted a superhard and high-energy-density tungsten nitride

18.07.2018 | Materials Sciences

NYSCF researchers develop novel bioengineering technique for personalized bone grafts

18.07.2018 | Life Sciences

Why might reading make myopic?

18.07.2018 | Health and Medicine

VideoLinks
Science & Research
Overview of more VideoLinks >>>