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UMass cashes in with record $41.4M from licensing

August 23, 2007 /

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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

Full Story: http://boston.bizjournals.com/boston/stories/2007/08/20/story11.html?b=1187582400^1508339

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