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.