OSU is Oklahoma's first Truman Honor Institution due to its number of Truman Scholars.
OSU leads the state in licensing revenue
Thu, August 30, 2012
Oklahoma State University generated almost $1.7 million in revenue from licensed technologies for FY 2011, according to a new report from the Association of Technology Managers. That figure is up from $1.4 million last year and represents the highest licensing revenue of any university in Oklahoma.
"The revenue generated from licenses indicates the value and necessity the commercial sector places on OSU-developed technologies," said Dr. Stephen McKeever, vice president for research and technology transfer. "Since the creation and dissemination of worthwhile technologies are key to our land-grant mission, we see these numbers as indicators of our success in fulfilling that mission for the benefit of those in our state, nation and world."
McKeever said he is particularly pleased that among the 74 universities with research funding of $200 million or less, OSU ranks ninth nationally in royalty.
Of the almost $1.7 million, OSU generates the most revenue from licensed animal feeds, radiation badges, animal diagnostics and wheat varieties – technologies that impact and assist individuals and industries around the globe.
The report reflects 11 new license agreements in FY 11, along with seven new issued patents.
"We are strategic about the technologies we choose to patent and eventually license," McKeever says. "We have established a tech transfer program that prepares technologies for licensing. The university even supports the process internally through our Technology Business Development Program, an initiative that reinvests license income into early-stage technologies that show commercial viability."