UT Southwestern leads in license revenue, survey shows
Dallas Business Journal
July 24, 2003
The University of Texas Southwestern Medical Center at Dallas generates more licensing revenue from its research and discoveries than any other Texas university or medical center and ranks among the top U.S. academic institutions in 2001 royalties, according to a recent nationwide survey.
With $10.3 million in licensing revenue during 2001, UT Southwestern's total royalty revenue was 32 percent greater than any other Texas institution. The teaching hospital also generated the highest rate of return of royalty income compared to research expenditures -- 4.5 percent.
Nationally, the medical center ranked 18th in licensing revenue and 11th in return on investment.
"This reflects years of work, and the work we're doing now will provide even greater returns in the future," said Dennis Stone, UT Southwestern's vice president for technology development. "We expect steady growth for the next five years. In addition, we have equity positions in several companies that could become much more valuable."
The survey was compiled by the Association of University Technology Managers Inc. The numbers highlight patent and licensing activities for 142 institutions during 2001, the last year reported. During that year, those schools filed for 9,454 U.S. patents, signed 3,300 licenses and created 402 start-up companies.
Overall, the U.S. colleges and universities in the survey collected more than $827 million in royalties from licenses on inventions developed by university researchers.
UT Southwestern was issued 21 patents in 2001 and formed three start-up companies. Total research expenditures that year were $226.5 million, with $10.3 million of income from 66 licenses.
"Marketable discoveries can finance even more research to help even more people," said Kern Wildenthal, president of UT Southwestern.
Among the universities and medical centers surveyed, Columbia University in New York generated the most revenue -- $130 million -- from its licenses during 2001. The Massachusetts Institute of Technology in Cambridge, Mass., was second with $74 million in license revenue, and the University of California System was third with $66 million. Baylor College of Medicine in Houston was the second-highest Texas institution, ranking 22nd overall, with $7.8 million in revenue.