Kansas State University posts quality-focused patent, intellectual property portfolio
Wednesday, July 15, 2015
MANHATTAN — Kansas State University patents are synonymous with quality, according to the most recent report by the Association of University Technology Managers, or AUTM.
Recent data from AUTM indicates that Kansas State University research produces the 22nd most licensing revenue per active license among U.S. public research universities, and the 28th most licenses and options to license per 100 research disclosures.
"Our high ranking in license revenue means that our researchers don't just have creative ideas, but they have creative ideas with impact," said Karen J.L. Burg, vice president for research and professor of chemical engineering. "Patents themselves are good, but licensed patents are better because they indicate that ideas are useful to industry. Kansas State University's excellence in this area isn't surprising given our land-grant history of applying research to improve lives."
The Kansas State University Institute for Commercialization, known as KSU-IC, and the Kansas State University Research Foundation work together to help university researchers take their ideas and inventions and make them profitable. The foundation handles researcher disclosures and the patent process, and the institute works with companies to license the new technology.
The licensed technology from Kansas State University translates to quality and big business for licensees. In 2014, the five year cumulative totals for KSU-IC client company product sales topped more than $92.6 million.
"Kansas State University research is quality-focused," said Kent Glasscock, president of KSU-IC. "We have an outstanding team of people that takes quality disclosures and converts them into meaningful partnerships with companies that take our inventions into the global marketplace."
In fiscal year 2014, the institute generated $2.4 million in university revenue and $3 million in value of equity holdings. It also has created 384 jobs in the region with salaries averaging $57,200.
Fourteen patents also were granted to Kansas State University in 2014 for new biomedical technologies, livestock health improvement, safer pest control and more.
"Our university's goal is to be among the Top 50 public research universities by the year 2025; we are already exceeding those goals in licensing revenue," said Ernie Minton, interim president of the Kansas State University Research Foundation. "It's clear that the quality of research our faculty members, staff and students are conducting is improving the well-being of people, and it's helping to enhance economic growth around the world."