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Friday, March 20, 2015

The Economic Contribution of University/Nonprofit Inventions in the United States: 1996- 2013,

The report, entitled, “The Economic Contribution of University/Nonprofit Inventions in the United States: 1996- 2013, estimates that during this 18-year time period academic-industry patent licensing bolstered U.S. gross industry output by up to $1.18 trillion, U.S gross domestic product (GDP) by up to $518 billion, and supported up to 3,824,000 U.S. jobs.

2013 survey:
  • 818 start-up companies formed around academic patents (up 16% from 2012)—which is more than two new companies created every working day of the year;
  • 4,200 start-ups in operation, mostly located in the same state as the parent research institution, creating regional economic development;
  • $22.8 billion in product sales from commercialized academic inventions; and
  • 719 new products introduced into the market (up 22% from 2012) – or more than two new products introduced every day of the year.


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