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September 20th, 2007

Cashing in on innovation

Abstract:
The University of Texas at Austin is getting better at commercializing the inventions that its scientists and engineers develop, according to a state study to be released today.

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UT-Austin took in a record $8.4 million in technology licensing income in fiscal 2006, up 26 percent from 2005. Statewide, all publicly funded colleges and research organizations generated $40.5 million in licensing income, up 1.5 percent.

All state schools in Texas are under pressure to commercialize more faculty research to help Texas create homegrown companies in fields such as nanotechnology, the cutting-edge industries that are expected to become big job generators.

Source:
statesman.com

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