UW, Foundation Earned $57.7 Million On Research Licensing

The University of Wisconsin-Madison and the Wisconsin Alumni Research Foundation earned $57.7 million from licensing of research innovations in fiscal year 2011, according to a survey by the Association of University Technology Managers.

The two combined for $1.1 billion in research expenditures in 2011, created four start-ups and had 156 patents issued.

Licensing revenue in 2011 was an increase of just over 6%. The income has grown from $46.7 million in 2007, but also declined in 2010.

Officials from the UW System touted the economic impact of the state's public universities during a Board of Regents meeting last week. The board approved requesting an additional $21 million in the upcoming state budget.