Research at the University of Oregon yields innovations that create jobs and support a higher quality of life for all Oregonians. UO research innovations generated $7.4 million in licensing revenue for the Oregon economy in 2012-2013.
Last year, UO’s Innovation Partnership Services recorded twenty- four U.S. patent applications filed, and seven U.S. patents issued. The UO contributed to the innovation ecosystem to the tune of $6.6 million in royalties distributed to UO inventors and authors, academic units, and the state treasury.
“Nearly all of the dollars that come in are reinvested in people and projects in the south Willamette Valley,” said Chuck Williams, the UO’s assistant vice president for innovation. “More than 92 percent of our funds spent are reinvested, so the university's administrative burden on the innovation ecosystem is currently very low, at about 7.3 percent."
Here are some other notable figures:
- Industry Sponsored Research was almost double in dollars from last year. The UO plans to continue the trend by adding an industry agreement manager and industry partnership professional.
- In fiscal year 2012, the UO family of entrepreneurial startup companies generated more than 270 jobs and nearly $40 million in company income in Oregon alone—a revenue increase of 8.3 percent from 2011. Revenue in 2012 jumped 11.1 percent from the previous year.