Nanotechnology Now





Heifer International

Wikipedia Affiliate Button


DHgate

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

Stanford breakthrough heralds super-efficient light-based computers: Light can transmit more data while consuming far less power than electricity, and an engineering feat brings optical data transport closer to replacing wires May 29th, 2015

Donuts, math, and superdense teleportation of quantum information May 29th, 2015

OSU researchers prove magnetism can control heat, sound: Team leverages OSC services to help confirm, interpret experimental findings May 29th, 2015

Two UCSB Professors Receive Early Career Research Awards: The Department of Energy’s award for young scientists acknowledges UC Santa Barbara’s standing as a top tier research institution May 29th, 2015

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

BESSTECH Announces $250K Investment from Eastern New York Angels : Funding will accelerate commercialization of BESSTECH’s innovative lithium-ion battery electrode technology and enable hiring of key personnel May 13th, 2015

Harris & Harris Group Portfolio Company OpGen Raises $17.1 Million in Initial Public Offering May 6th, 2015

Harris & Harris Group Sponsors NYC American Heart Association's Health Sciences Innovation Investment Forum: Co-founder of Harris & Harris Group Portfolio Company TARA Biosystems to Speak About the Value of Tissue Engineering Technology April 21st, 2015

Long Island Capital Alliance Announces Participants for Brookhaven National Laboratory Technology Transfer Capital Forum on May 8: Keynote Speaker Dr. Doon Gibbs, Director of Brookhaven National Laboratory April 16th, 2015

Govt.-Legislation/Regulation/Funding/Policy

OSU researchers prove magnetism can control heat, sound: Team leverages OSC services to help confirm, interpret experimental findings May 29th, 2015

Physicists precisely measure interaction between atoms and carbon surfaces May 28th, 2015

Linking superconductivity and structure May 28th, 2015

Chemists discover key reaction mechanism behind the highly touted sodium-oxygen battery May 28th, 2015

Academic/Education

SUNY Poly CNSE and NIOSH Launch Federal Nano Health and Safety Consortium: May 20th, 2015

New JEOL E-Beam Lithography System to Enhance Quantum NanoFab Capabilities May 6th, 2015

FEI Partners With the George Washington University to Equip New Science & Engineering Hall: Suite of new high-performance microscopes will be used for cutting-edge experiments at GW’s new research facility April 29th, 2015

Renishaw Raman systems used to study 2D materials at Boston University, Massachusetts, USA. April 28th, 2015

Announcements

Stanford breakthrough heralds super-efficient light-based computers: Light can transmit more data while consuming far less power than electricity, and an engineering feat brings optical data transport closer to replacing wires May 29th, 2015

Donuts, math, and superdense teleportation of quantum information May 29th, 2015

OSU researchers prove magnetism can control heat, sound: Team leverages OSC services to help confirm, interpret experimental findings May 29th, 2015

Two UCSB Professors Receive Early Career Research Awards: The Department of Energy’s award for young scientists acknowledges UC Santa Barbara’s standing as a top tier research institution May 29th, 2015

Patents/IP/Tech Transfer/Licensing

SouthWest NanoTechnologies Introduces AgeNT™ Transparent Conductor System at SID Display Week, Booth #543 May 28th, 2015

Researchers develop new way to manufacture nanofibers May 21st, 2015

Novel superconducting undulator provides first x-ray light at ANKA May 1st, 2015

Long Island Capital Alliance Announces Participants for Brookhaven National Laboratory Technology Transfer Capital Forum on May 8: Keynote Speaker Dr. Doon Gibbs, Director of Brookhaven National Laboratory April 16th, 2015

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