Indiana University has marked a successful three-year period during which it reported 154 licensing agreements and $17.1m in tech transfer revenue.

Indiana University’s innovation and commercialization office (IU ICO) generated 46 licensing agreements during the 2017-18 fiscal year, down from 62 licences the previous year. The university reported 171 invention disclosures over the period, up from 164 in 2016-2017, though licensing and royalty revenue slumped almost 50% year-on-year to $3.4m. IU ICO argued the performance builds on strong progress over a three-year horizon beginning 2015-2016, during which it has recorded 154 licensing agreements, 485 disclosures and $17.1m in revenue. The office managed to obtain 141 US and international patents, compared to 199 in 2016-17, taking its three-year total to 506. IU ICO has registered almost 3,200 inventions and more than 4,800 patent applications since launching in 1997, generating more than $145m in licensing and royalty income, $115m of which has been ploughed back into academic departments, labs and inventors. Bill Brizzard, executive director of ICO, said: “Indiana University is among the pre-eminent research institutions in the world, which is reflected in the high-quality frontline work disclosed daily to IU ICO. “We are delighted to help connect that research to established companies and startups so that these discoveries can impact the lives of people worldwide.”

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