Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Growth in licensing and industry funding spurs research at Oregon State University

Architect's rendering of a coastal research vessel.Drawing courtesy of Oregon State University
Architect's rendering of a coastal research vessel.

Drawing courtesy of Oregon State University

Abstract:
Oregon State University recorded its best year ever in technology licensing - nearly triple what it earned just five years ago - during the last fiscal year, which ended June 30. Combined with continued growth in funding from private industry, the increase cushioned a nearly 13 percent decline in federal funding stemming largely from budget cuts known as sequestration.

Growth in licensing and industry funding spurs research at Oregon State University

Corvallis, OR | Posted on September 7th, 2013

Oregon State research grants and contracts totaled almost $263 million last year, just shy of its fiscal year 2009 level. Meanwhile, OSU received a record $7.7 million in licensing and royalty income. Private sector financing reached nearly $36 million, a 65 percent increase over the past five years.

"Licenses are a measure of how effective we are in helping industry turn research into marketable products," said Rick Spinrad, vice president for research at Oregon State. "Companies in the electronics, chemical processing and natural resources industries are looking to OSU for innovations to help them compete."

"By licensing the results of our research, they are increasing their value in the marketplace and creating jobs in Oregon," Spinrad added.

In the last year, OSU signed 88 new licenses with organizations in the fields of information technology, agriculture, industrial materials, biotechnology, forest products, healthy aging and manufacturing.

Oregon State's statewide role in stimulating economic development stems from research and begins when scientists file notices known as invention disclosures with the university's Research Office. In 2013, they filed more such notices, 80, than ever before.

It was also a record year for new start-up companies to license OSU technology. Among them were: CSD Nano of Corvallis, which sells a high-performance, anti-reflective coating to increase the performance of solar cells; OilEx Tech of Monmouth, producer of a microwave oil extraction device; NW Medical Isotopes of Corvallis, which offers a domestic option for production of a medically critical isotope, molybdenum-99; and Online Labs of Corvallis, which provides a virtual online chemistry laboratory experience for high school and college students.

The federal government provided more than 58 percent of Oregon State's research grants and contracts from all sources in FY13, compared to almost 63 percent in FY12. Among the university's largest federal grants in FY13 were:
• Nearly $4.7 million from the U.S. Department of Energy for ocean wave energy research at the Northwest National Marine Renewable Energy Center;
• A $3.8 million grant from the U.S. Department of Agriculture to study and avoid threats from wildfire, drought and disease to western forests;
• A $3.7 million grant from the U.S. Agency for International Development for a worldwide program of aquaculture and fisheries research;
• Nearly $3 million from the National Science Foundation for design and coordination of construction for up to three new coastal research vessels to bolster the nation's marine science capabilities;
• A $2 million grant from the National Science Foundation for investigation of a diatom-based biorefinery.

Funding from state and local governments grew 46 percent in fiscal year 2013 to a total of $7.8 million. Revenue from industrial testing services grew by 25 percent to $11.8 million.

With more than $53 million in grants and contracts, the OSU College of Agricultural Sciences brought in OSU's largest share of research funding, followed by the College of Earth, Ocean, and Atmospheric Sciences ($40 million) and the College of Engineering ($30 million).

####

About Oregon State University
OSU is one of only two U.S. universities designated a land-, sea-, space- and sun-grant institution. OSU is also Oregon’s only university to hold both the Carnegie Foundation’s top designation for research institutions and its prestigious Community Engagement classification. OSU programs touch every county within Oregon, and its faculty teach and conduct research on issues of national and global importance.

For more information, please click here

Contacts:
Nick Houtman

541-737-0783

Source:
Rick Spinrad
vice president for research

541-737-0664

Copyright © Oregon State University

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Photonic chip guides single photons, even when there are bends in the road February 16th, 2018

Arrowhead Receives Regulatory Clearance to Begin Phase 1/2 Study of ARO-HBV for Treatment of Hepatitis B February 15th, 2018

Arrowhead Pharmaceuticals Receives Orphan Drug Designation for ARO-AAT February 15th, 2018

European & Korean Project To Demo World’s First 5G Platform During Winter Games February 15th, 2018

VC/Funding/Angel financing/Loans/Leases/Crowdfunding

Nanowire LED Innovator Aledia Announces €30 ($36M) Million Series-C Financing: Intel Capital Joins Existing Investors to Commercialize Certain Nanowire-LED Technologies for Mobile Displays January 29th, 2018

180 Degree Capital Corp. Leads Investment in TheStreet, Inc.; Investment Enables Removal of Capital Structure Overhang November 14th, 2017

180 Degree Capital Corp. Appoints Investment Banking Veteran Parker Weil to Its Board of Directors August 2nd, 2017

Forge Nano 2017: 1st Quarter Media Update April 20th, 2017

Govt.-Legislation/Regulation/Funding/Policy

Arrowhead Receives Regulatory Clearance to Begin Phase 1/2 Study of ARO-HBV for Treatment of Hepatitis B February 15th, 2018

Arrowhead Pharmaceuticals Receives Orphan Drug Designation for ARO-AAT February 15th, 2018

Rutgers-Led Innovation Could Spur Faster, Cheaper, Nano-Based Manufacturing: Scalable and cost-effective manufacturing of thin film devices February 14th, 2018

Understanding brain functions using upconversion nanoparticles: Researchers can now send light deep into the brain to study neural activities February 14th, 2018

Academic/Education

Luleĺ University of Technology is using the Deben CT5000TEC stage to perform x-ray microtomography experiments with the ZEISS Xradia 510 Versa to understand deformation and strain inside inhomogeneous materials November 7th, 2017

Park Systems Announces the Grand Opening of the Park NanoScience Center at SUNY Polytechnic Institute November 3rd, 2017

Two Scientists Receive Grants to Develop New Materials: Chad Mirkin and Monica Olvera de la Cruz recognized by Sherman Fairchild Foundation August 16th, 2017

Moving at the Speed of Light: University of Arizona selected for high-impact, industrial demonstration of new integrated photonic cryogenic datalink for focal plane arrays: Program is major milestone for AIM Photonics August 10th, 2017

Announcements

Photonic chip guides single photons, even when there are bends in the road February 16th, 2018

Arrowhead Receives Regulatory Clearance to Begin Phase 1/2 Study of ARO-HBV for Treatment of Hepatitis B February 15th, 2018

Arrowhead Pharmaceuticals Receives Orphan Drug Designation for ARO-AAT February 15th, 2018

European & Korean Project To Demo World’s First 5G Platform During Winter Games February 15th, 2018

Patents/IP/Tech Transfer/Licensing

NTU scientists create customizable, fabric-like power source for wearable electronics January 30th, 2018

IBM Breaks Records to Top U.S. Patent List for 25th Consecutive Year: IBM Inventors Receive Record 9,043 Patents in 2017 in Areas such as Artificial Intelligence, Cloud, Blockchain, Cybersecurity and Quantum Computing January 11th, 2018

A new product to help combat mouldy walls, thanks to technology developed at the ICN2 December 14th, 2017

Chinese market opens up for Carbodeon nanodiamonds: Carbodeon granted Chinese Patent for Nanodiamond-containing Thermoplastic Thermal Compounds December 4th, 2017

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project