UMass cited as national licensing income leader
The University of Massachusetts placed in the top 15 nationally in generating income from the licensing of faculty-derived discoveries and products, according to the latest report from the Association of University Technology Managers.
UMass generated $40 million in licensing income during fiscal year 2010, the most recent year for which figures are available, which placed it 13th nationwide on the list.
MIT was the only other New England university in the top 15: it placed seventh, with $69.2 million in revenue in 2010.
“Our ability to generate $40 million from faculty discovery and innovation is a testament to the great quality of the UMass faculty on all five campuses and also shows that the University is extremely focused on obtaining its fair share of the proceeds when products reach the marketplace,’’ UMass President Robert L. Caret said in remarks to the Board of Trustees Committee on Science, Technology & Research.
“This is the perfect intersection of invention and entrepreneurialism,’’ President Caret added.
The rankings are derived from survey data, which is provided by the colleges and universities responding to the annual Association of University Technology Managers survey. While not all institutions respond, most major research universities do. This is the second year in a row that UMass placed in the top 15.
The most recent survey was topped by Northwestern University, which generated $179.8 million during fiscal year 2010.
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