BLOOMINGTON - The Indiana University Innovation and Commercialization Office is celebrating what it says was a successful year of technology transfer activity. The university earned 141 patents from the U.S. Patent and Trademark Office and other global organizations, up from 57 the previous year.

The IU ICO is reporting 171 disclosed inventions during the year, bringing the three-year total to 485. IU also completed 46 licensing agreements in nine states, as well as Canada, Switzerland, and the United Kingdom. Additionally, the university is reporting $3.4 million in licensing and royalty revenue.

The university says its achievements during the 2017-2018 fiscal year build upon the record-setting results of the previous two years. Bill Brizzard, executive director of the IU ICO, says the achievements are the result of work from office managers and research conducted by faculty, staff, and students.

"Indiana University is among the pre-eminent research institutions in the world, which is reflected in the high-quality front-line work disclosed daily to IU ICO," Brizzard said in a news release. "We're delighted to help connect that research to established companies and startups so that these discoveries can impact the lives of people worldwide."

The IU ICO works to protect and commercialize technology created by IU researchers. The university says research at IU has generated nearly 3,200 inventions and generated more than $145 million in licensing and royalty income since 1997.