UMass cashes in with record $41.4M from licensing
| August 23, 2007 |  View for printing |
Science literally paid off in a big way for the University of Massachusetts last year.
The university pulled in a record $41.4 million in licensing revenue and stock sales from technologies and spinoff companies developed across its five campuses, UMass officials said.
It's a big bump from the previous record the school's Commercial Ventures and Intellectual Property office set for itself in 2005, when it reaped $28.7 million and a significant jump from the $27.2 million it took in 2006.
Boston Business Journal by Jesse Noyes Journal staff
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