May 1, 2012

Cover Story

30 Women to Watch

In Utah, women are natural and effective leaders. Utah women are creative ...Read More

Featured Articles

Around Utah

Robert Bowen: Steering a Course for Continued Success

Sections

Spotlight
Katy Welkie: Working with Care

Special Section
Building Utah

Editor's Note
Closing the Achievement Gap

Features
In the Loop

Features
Balancing Act

Industry Outlook
Commercial Real Estate

Special Report
Think Big

Legal Briefs
The America Invents Act

Money Talk
Emerging Market Equities

Economic Insight
A Forgotten Virtue

Lessons Learned
The Soft Sell

TechKnowledge
Launch Pad

EntrepreneurEdge
Build Out

Business Trends
Trading Up

Executive Living
Extreme Utah

Players
Players

Article

Launch Pad

The Secret Formula for University Tech Commercialization

Spencer Sutherland

May 1, 2012

“My grandmother fell down in her bathroom last year and it was 16 hours before anyone knew anything had happened to her,” Wilson says. “But with the Xandem system as we envision it, there would have been a system in place that would have alerted someone in the family that there hadn’t been any moment in the house.”

Big Payoffs
Sending these types of technologies into the private market has huge rewards for the university. Because the school owns the patents for its technologies, it receives royalty income—generally around 3-4 percent—from startups’ product sales. The university also owns a small percentage of equity in these companies. 

Beyond the monetary dividends, which are used to fund future commercialization projects and student fellowships, the university also sees another type of benefit. “These entities provide employment for our students, they are donors back to the university, and they put research back to the university,” Brittain says. That continued research relationship is something that most other institutions miss out on.

“If you really foster something at the [innovation] birth process, you establish good habits of working together, and these companies remain very loyal. If they anchor the company in the area, there can be a really long-term benefit to the university and result in millions of dollars of research.” 

 

Page 12
Utah Business Social
UB Events View All
2014 Fast 50 EventUtah Business Event
Aug 28, 2014
Utah Business magazine along with presenting sponsors Kirton McConkie, CBIZ, MHM, LLC and Newmark...
Community Events View All
Utah Hogle Zoo presents Animal Superpowers
Aug 28, 2014
Utah Hogle Zoo presents Animal Superpowers
Why sales people fail and what you can do about it!
Aug 29, 2014
Learn how to take a non-traditional approach using the Sandler Sales System that allows the sales...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel