Tag: patents and inventions
Million-dollar milestone — Missouri S&T brings in record licensing revenue
Missouri University of Science and Technology’s office for Technology Transfer and Economic Development (TTED) has over a million reasons to celebrate. 1,016,000, to be exact. That’s how many dollars in licensing revenue the university earned for the 2024 fiscal year, which ended June 30. The licensing revenue is shared with the inventors and their departments in accordance with the university’s Collected Rules and Regulations.
Read More »Record year for patents and inventions at Missouri S&T
Royalties from patents on commercialized inventions and products bring in hundreds of thousands of dollars in income every year for Missouri University of Science and Technology. During the fiscal year that ended June 30, 2019, Missouri S&T earned a record $698,223 in royalty income, a 32 percent increase over the previous year, and the cumulative royalty amount crossed the $5 million mark in fiscal year 2019.
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