Campus Highlights: UC Irvine
- UCIís Office of University/Industry Research and Technology (UIRT)
was responsible for marketing and licensing two-thirds of the campusí active
invention portfolio in FY97. OTT provided administrative support for these
inventions and fully managed the remainder of the portfolio. The data here
represent activity for the entire UCI portfolio.
- The invention disclosure rate remained stable and the number of new
patent filings increased by one-third in FY97. A substantial increase in
licensing activity reflected by the execution of six new licenses resulted
in a 33% increase in the total number of active licenses in the Irvine
- Most UCI income is generated by one-time issue fees or milestone payments
rather than by ongoing royalty streams. In FY97, adjusted gross income
increased by more than 10% ($34,000) due to receipt of several large issue
fees for new licenses.
- Net legal expenses increased by $120,000 due to the increase in patent
activity and a lag in the receipt of reimbursements from some licensees.
The State share reflected a credit in FY97 because net legal expenses plus
inventor share payments exceeded total income. UCIís share of OTT operating
expenses decreased by $56,000 as more licensing activity shifted to the
campus. These data do not include UIRT operating expenses.
- In total, the annual net loss decreased slightly to $201,000. UCIís
losses will likely continue until such time as licensed inventions, many
of which are in the life sciences and require FDA approval, begin to generate
steady streams of income. It also should be noted that the UCI program
emphasizes the generation of research support linked to disclosed technologies
rather than royalty income. The top three such awards in FY 97 totaled
Back / Next / Home
/ OTT Home