Purdue University is reporting a record-breaking year in the number of innovations filed through the Purdue Research Foundation Office of Technology Commercialization. The university says it filed 360 invention disclosures, compared to the 302 disclosures it filed the previous year.
Also for fiscal year 2019, which closed at the end of June, the Purdue Research Foundation Office of Technology Commercialization and Purdue Foundry posted technology transfer activities including:
• 231 technologies licensed, compared with 215 in fiscal year 2018.
• 136 licensing and option agreements, compared with 126 in fiscal year 2018.
Purdue also reports generating 48 startups with 17 of those stemming from Purdue-licensed intellectual property.
"There is nothing of which we are more proud than the outstanding research and discovery of our faculty and students," Purdue President Mitch Daniels said in a news release. "But the ultimate measure of its value, especially for a land-grant university like ours, is its practical usefulness to our society. These latest commercialization records show Purdue living up fully to the land-grant ideal."