Exhibit 23 depicts the growth in the State share over the past five years. The portion of technology transfer program income that is available to be redistributed to campuses to support ongoing research and education programs is net income. It is computed as total income less the sum of program expenses, payments to inventors, and the State share distribution. Exhibit 24 shows the contribution each licensing office made to systemwide net income in FY97. Exhibit 25 shows how net income has fluctuated over the past five years.
Net income generated by the campus licensing offices remains with the campus.
At OTT, where inventions are managed for multiple sites, the amount of net income for each campus or Laboratory is determined by carrying out a separate income and expense analysis for each campus or Laboratory s invention portfolio that includes assessing a pro rata share of OTT operating costs. At the end of each fiscal year, each site either receives its share of net income or pays for any net loss generated by its invention portfolio. In FY97, five campuses and one Laboratory received net income from OTT, while the other four campuses and two Laboratories incurred net losses.