Research institutions posted increased funding which could lead to the next generation of academic intellectual property, according to AUTM’s Annual Licensing Activity Survey, which polls US universities, hospitals and other research institutions. The key findings of the 2019 US Survey:Total research expenditures grew to 77.2 billion, an increase of 7.7% over 2018, and a nearly 16% increase over the past five years.
25,392 disclosures were reported in 2019, a decrease of 3.1% from 2018.
The US continues to be the primary market in which research institutions focus, with US patent applications accounting for approximately 62% of total filings.
Technology transfer offices (TTOs) continue to license primarily to small companies as compared to large companies and startups. The reported share of licensing from small companies grew from 44.4% in 2015 to 58.7% in 2019.
1,040 start-ups were formed in 2019, directly impacting local economies, with more than 73% of the new businesses remaining in their institution’s home state.
Take a closer look at how tech transfer operations tick for different peer groups in the report's benchmarking section.