Tech transfer process streamlined at U-M

U-M’s Office of Technology Transfer has changed its policy regarding patent compensation for school employees and students. Previously, there was less incentive for inventors to pursue patents, as any compensation from an outside company meant forfeiting payment from the university.

Excerpt:

In 2006, the Tech Transfer office had 288 invention disclosures, 97 licensing agreements and about $20.4 million in revenue from equity and royalties.

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