UW-Madison earns $57 million on licensing research - WAOW - Newsline 9, Wausau News, Weather, Sports

UW-Madison earns $57 million on licensing research

MADISON (AP) -

A new survey shows the University of Wisconsin-Madison and its alumni foundation have earned more than $57 million in fiscal 2011 from licensing research innovations.

The university and the Wisconsin Alumni Research Foundation combined for about $1 billion in research expenditures in 2011, creating four start-ups and 156 patents.

Association of University Technology Managers conducted the survey. Association president Todd Sherer says the purpose of the survey is to measure the financial impact of federal investment in research.

The Milwaukee Journal Sentinel (http://tinyurl.com/8ktyfsk ) says research expenditures were up 4% nationally to $61 billion.

 

Information from: Milwaukee Journal Sentinel, http://www.jsonline.com

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by Frankly