UC Santa Cruz

Campus Notes:

  In FY95 and FY96, income was generated from minimum royalties on one licensed invention, Synthesis of Beta-Carotene. The patent on this invention will expire in 1997.

  Disclosure and prosecution activity remained relatively stable. Over half of legal expenses in FY96 were attributable to patent applications filed for three inventions disclosed in 1995 and 1996. These inventions are being actively marketed but are not yet licensed. If licensees are identified, patent costs may be recovered at a later time.

  The $3,000 decrease in inventor share payments from FY95 to FY96 resulted from a $7,000 decrease in income from FY94 to FY95. The State share calculation actually provided a “credit” for both FY95 and FY96, because legal expenses plus inventor share payments exceeded income in each year.

  Operating expenses increased by $10,000 in FY96 because there was an increase in licensing resources allocated to manage UCSC inventions. Net losses, representing the sum of all income and expense activity, were exactly the same for FY95 and FY96. This was strictly coincidental.

PORTFOLIO ACTIVITY