Often, an invention protected by a patent, copyright or trademark is an incentive for a company to invest in commercializing it. This intellectual property also can lead to successful grant proposals, new funding opportunities and partnerships that increase the odds that the research will result in a product or service.
Technology Advancement professionals understand that Mizzou’s intellectual property often sparks commercial ventures. Industry partners interested in further developing a Mizzou invention sign licensing agreements and pay fees. In fact, MU's licensing income totaled $18.6 million in 2023.
In addition, the university was granted 16 U.S. patents for devices, tools, therapeutics and other inventions. Twenty-seven commercial partners licensed and optioned the rights to 59 different innovations. and four startup companies were created with MU-licensed technologies.
Researchers who think they have an innovation with commercial potential should submit a confidential Invention Disclosure Form to Technology Advancement. Call 573-882-6013 or email techadvancement@missouri.edu with questions.