IP income in university sector exceeds $53 million

August 23, 2010

Intellectual property income at reporting universities and affiliated teaching hospitals totalled $53.2 million (current dollars) in 2008, according to a Statistics Canada survey released yesterday. About 81% of universities and affiliated hospitals surveyed were engaged in intellectual property management in 2008. The value of research contracts undertaken was estimated at $2 billion, up 55% from 2007. In 2008, the number of new inventions disclosed and reported by surveyed universities and affiliated hospitals was 1,613, representing a 20% increase from the year before. Read the survey