Rochester Ninth in Nation for Technology Revenue Income

Companies around the world paid more than $30 million for commercial rights to University research during the 2005 fiscal year, according to the latest revenue report published by the Association for University Technology Managers.

That figure makes Rochester the nation's ninth highest revenue recipient in higher education.

The revenue comes as businesses gain interest in the engineering and biotechnology efforts of University scientists. Technology revenue has increased steadily since the University began promoting technology transfer more than a decade ago.

"Once a university has achieved this level of revenue, companies and venture capitalists begin to recognize that the University is generating cutting-edge research that has commercial application," says Gail Norris, director of the College Office of Technology Transfer for the University.