Campus Highlights: UC Santa Cruz
- The number of new inventions disclosed by UCSC investigators more than
tripled from FY96 to FY97. As a result, patenting activity also increased
dramatically and the number of patent filings more than tripled.
- In FY96 and FY97, income was generated from minimum royalties on one
licensed invention, Synthesis of Beta-Carotene. The patent on this invention
has now expired and no further income will be received.
- Due to the increase in patent prosecution activity, and because new
inventions were being actively marketed but were not yet licensed, net
legal expenses increased substantially. If licensees are identified, patent
costs may be recovered at a later time. The State share calculation reflected
a credit in both FY96 and FY97 because net legal expenses plus inventor
share payments exceeded income in each year. The rise in operating costs
reflected efforts to license newly discovered inventions.
- The recent increases in disclosure, patenting and licensing activity
resulted in a larger net loss of $103,000 for FY97.
Back / Next / Home
/ OTT Home