The Chronicle of Higher Education is reporting that academic inventions spurred the “creation of a record 543 new university spinoff companies in the 2008 fiscal year, while generating more than $2.3 billion in licensing revenue for 154 institutions and their inventors.”
According to this Chronicle survey, the University of Wisconsin-Madison was one of just 10 institutions that reported licensing revenue of more than $50 million. The survey shows UW-Madison ranked No. 9, with $54.1 million in licensing income.