Sunday, October 11, 2015
UC statistics show that UCLA inventions produced the most income in the system in 2014, nearly $39 million; UC San Francisco was second, at $23.3 million; UC San Diego third, about $20 million. They were followed by UC Davis, $11.5 million; UC Berkeley, $6 million; UC Irvine, $5.3 million, and the rest in smaller amounts. In general, that revenue was returned to the campus where the invention was hatched — but after reductions.
(But then comes the buried lede.)
UC officials said $58 million in total was left for the campuses after subtracting legal costs, other expenses and the standard 35% given to the faculty inventors. The net amount is a small part of UC's overall $26 billion operating budget, which includes massive medical centers. "This is not a financial solution for the woes of the university," said William T. Tucker, the UC system's interim vice president for research and graduate studies...
Full story at http://www.latimes.com/local/education/la-me-uc-patents-20151011-story.html