UT Southwestern ranks among top in nation for royalties, patents
DALLAS – July 24, 2003 – UT Southwestern Medical Center at Dallas generates more licensing revenue from its research and discoveries than any other Texas university or medical center and ranks among the top U.S. academic institutions in 2001 royalties, according to the most recent nationwide survey.
With $10.3 million in licensing revenues during 2001, UT Southwestern’s total royalty revenues were 32 percent greater than any other Texas institution and also generated the highest rate of return of royalty income compared to research expenditures – 4.5 percent.
Nationally, the Dallas medical center ranked 18th in licensing revenues and 11th in return on investment.
“This reflects years of work, and the work we’re doing now will provide even greater returns in the future,” said Dr. Dennis Stone, UT Southwestern’s vice president for technology development. “We expect steady growth for the next five years. In addition, we have equity positions in several companies that could become much more valuable.”
The survey was compiled by the Association of University Technology Managers Inc. The numbers highlight patent and licensing activities for 142 institutions during 2001, the last year reported. During that year, those schools filed for 9,454 U.S. patents, signed 3,300 licenses and created 402 start-up companies.
Overall, the U.S. colleges and universities in the survey collected more than $827 million in royalties from licenses on inventions developed by university researchers.
UT Southwestern was issued 21 patents in 2001 and formed three start-up companies. Total research expenditures that year were $226.5 million, with $10.3 million of income from 66 licenses.
“The new rankings provide further evidence that money spent for research at UT Southwestern is money well-invested,” said Dr. Kern Wildenthal, president of UT Southwestern. “Marketable discoveries can finance even more research to help even more people.”
Among all the universities and medical centers, Columbia University generated the most revenue – $130 million – from its licenses during 2001. The Massachusetts Institute of Technology was second with $74 million in license revenues, and the University of California System was third with $66 million. Baylor College of Medicine was the second-highest Texas institution, ranking 22nd overall, with $7.8 million in revenue.
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