The Office of Technology Development works with faculty inventors to develop and license promising intellectual property and to form companies that have strong potential in the marketplace. More than 50 companies based on Carolina inventions have been launched. Carolina’s patents, reports of inventions, technologies licensed and revenue continue to increase each year. Highlights from 2010 include:
- 125 invention disclosures filed
- 125 patent applications filed
- 27 new U.S. patents issued to the university in the past year, bringing its number of U.S. and foreign patents to more than 1,000
- 41 inventions licensed
- $2.6 million in license income
In 2010, the university launched the Carolina Express License Agreement, a new licensing process for commercializing university research. The agreement sets standard terms and fees that require minimal payment and obligations by Carolina start-ups, and allows them to function independently of the university when seeking approvals for sub-license agreements. By streamlining negotiations during the start-up phase, the agreement will make Carolina start-ups even more attractive to investors and partners.