UT Southwestern Medical Center at Dallas ranks among the top 20 U.S. universities in the amount of revenue generated from licensed patents and technologies, the Association of University Technology Managers reported. A total of 127 U.S. universities were ranked. We deal in the futures business.
Technology transfer requires patience and investment of time and money.
Medical center innovations range from medical devices and biotechnological inventions to software and videotapes. In 1995, the UT Southwestern technology transfer office received 54 new disclosures, had 18 U.S. patents issued and handled 12 license and option agreements. In 1996 new disclosures increased 35 percent, and license and option agreements rose 67 percent. Data gathered by the Association of University Technology Managers indicate that in 1995 licensing of university inventions led to the creation of an estimated 180,000 new jobs nationwide and the formation of 223 new companies. New products are being developed faster than ever before, as a result of the 1980 Bayh-Dole Act, which enables universities to own and patent inventions developed under federally funded research programs.