Science and Technology Ventures - STV Home As Bernard Wysocki Jr. reports, Columbia earned $178.4 million a year on patent royalties in the year ending June 2003, making it the top earner of licensing revenue among American universities. (Nationwide, 195 universities bring in about $1.3 billion in licensing income from patents; a handful of top research universities earn the bulk of this money.)
What universities want:
Advance inventions to the level where corporates get interested & then let commercialization and manufacturing be handled by corporates.
Columbia University since 1983-2000massed more than 400 US Patents and 1000 active licenses with royalties of $143M/yr. in 2000.
Whats the use:
- Corporate funding for R&D
- license income
- more resources for better facilities to attract top talent
Columbia university has mostly done this healthcare patents but they are trying to replicate this model to copyrighted material from faculty lectures, research writings
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