CSU reports 150 percent increase in inventions since 2006
FORT COLLINS - Colorado State University researchers filed a record number of invention disclosures this year, for a 150 percent increase compared to the number of disclosures filed in 2006.
The number of invention disclosures has grown consistently from 42 in fiscal year 2005-06 to 119 in 2009-10, according to the Colorado State University Research Foundation. CSURF is the arm of the university that handles intellectual property patenting and licensing management, real estate and financing of equipment.
Annual invention disclosures related to clean energy, infectious diseases and cancer research - the focus of CSU's three Superclusters - increased sixfold over the same time period, from 10 in 2006 to 60 in fiscal 2010.
In the past four years, the university has transferred 158 new technologies to industry with more than 72 percent going to Colorado entities, according to CSURF.
"Colorado State is a powerhouse in research commercialization that leads to new startups and licensing of technologies," said Tony Frank, CSU president. "Those technologies serve Colorado residents through new job creation and they also help train an educated workforce, giving our students the opportunity to learn from some of the best scholars in their fields."
The university has helped create more than 30 startup companies based on CSU research over the last 15 years, according to Mark Wdowik, president and CEO of CSU Management Corp., a subsidiary of the private, nonprofit CSU Ventures Inc.
"About 20 of those 30 companies were formed just in the last five years," he said. "Our startups have produced about 1,300 peak jobs, raised $700 million in private equity and debt, and procured $80 million in government funding."
Other CSU technology transfer highlights include:
- 41 new license agreements in 2010, up from 25 in 2009;
- 519 new patent applications filed on CSU inventions between 2006 and 2010;
- An average annual growth rate of 55 percent in patent applications between 2006 and 2010;
- 143 license agreements executed between 2006 and 2010 that resulted in revenue to the university.
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