How do universities use the revenues realized from licensing?
Revenues realized as a result of licensing activities by academic institutions are shared with the creators of the technology according to a policy formula adopted by the individual institution and used to help advance scientific research and education through reinvestment in the academic enterprise. The revenues held by the university are typically distributed to university research departments to provide for matters such as graduate research assistants, new equipment or funding for new or follow-on research activities. Universities also use revenues to help sustain the technology transfer process by paying for a portion of the patent and licensing legal fees and the marketing and management staff.
