With over 40,000 licensing agreements and nearly 5,000 companies spun out of University IP, start-ups with university IP now contribute over $40 billion a year to the country’s economy.
Universities have creative people performing leading research and pioneering the development of new ingenious technologies. As a result, many universities hold core patents and fundamental know-how for breakthrough technologies.
And it’s a virtual goldmine of commercial ready technologies and products just waiting for a start-up company to license.