Research Report '04
 MU Office of Research Home page. Year In Review. Technology Development. Sponsored Research. Instruction & Public Service. 2003 & Beyond.
University of Missouri - Columbia Home page.
   
  
 

Annual Report 2004 Query Tool

Serving Innovators and Entrepreneurs at MU

Tech Start-Up to Market Fertility Breakthroughs

Extension Program Boosts Small Business Support

Serving Innovators and Entrepreneurs at MU

In the research laboratory, creative minds tackle complex scientific questions. Often this work results in important discoveries that are developed into products that, when put into use, have profound impact on human lives and thus contribute to the public good.

Charts: Licensing Income from MU Inventions, Patent Applications Pending, Patent Applications Filed, Patents Issued.The Office of Technology & Special Projects (OTSP) works at the interface of the discovery, development and commercialization processes. First, the OTSP receives invention disclosures from faculty, staff and student inventors. The OTSP evaluates these disclosures to determine whether they represent a patentable invention that has commercial potential. When a disclosure meets the two criteria of patentability and commercial potential, a patenting and licensing professional in the OTSP works with the inventor(s) and an outside patent attorney to obtain a patent for the invention. Finally, the OTSP works to commercialize the invention, usually by licensing the patent rights to a company in exchange for royalties on the company's sales. When the technology is sufficiently robust to sustain a new business enterprise, the OTSP will also assist our inventor-entrepreneurs in establishing a start-up company.

The previous year saw a 50 percent increase in the number of patent applications filed for the MU campus, and the number of patent applications pending rose to a record level. Patents issued more than doubled compared to the previous year, from seven to 18. And active licenses generated $10.8 million in income over the past four years, more than double the income of the previous four-year period. In addition, because MU has developed a more substantial patent portfolio, the University's licenses and licensing income are expected to increase substantially in future years. Current projections show that we are likely to receive licensing income of more than $7 million in fiscal year 2005, for example.

The OTSP is continuing to make progress toward establishing a life sciences technology business incubator. To be located adjacent to the MU Research Reactor, the incubator will nurture start-up companies during their early, most vulnerable, years. In addition, in FY05 the OTSP will reorganize the office into intellectual property management and entrepreneurial support divisions. The OTSP will also implement a new database management system that will allow it to streamline MU's intellectual property management operations. Both are designed to enhance the OTSP's ability to provide responsive service to the University's innovators and entrepreneurs.

MU Intellecual Property Options/Licenses
Chart: MU Intellectual Property Options/Licenses.

 
       
   
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