Technology Transfer-University Spin Game-Success is rare and slow for spinoff companies, but the potential rewards -- visibility and income - keep schools playing.
| April 17, 2008 |  View for printing |
A decade ago, University of Florida professor Jamie Grooms and partner Richard Allen formed Regeneration Technologies, licensing Grooms’ UF research on bone tissue grafts as a mechanism to help patients regenerate their own natural tissue.
As typically occurs when a university spins off a company, the school receives ongoing royalties and, in UF’s case, got an equity stake in the firm in exchange for allowing the company to use the technology. Since the company went into business, the university has reaped $70 million from RTI, including $25 million of the $75 million the company raised in its initial public offering in 2000.
by Barbara Miracle
Full Story: http://www.floridatrend.com/article.asp?aID=48509
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