From the LA Times: As they consider ways to improve university revenues, campus
administrators point to the life-saving hepatitis B vaccine, the
nicotine patch that helps smokers quit their habit and the tasty
Camarosa strawberry. Those patented innovations, all pioneered at the
University of California, have earned the school system, and the faculty
who developed them, more than $500 million...
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
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