University licensing

Licensing of university inventions to industry has experienced rapid, recent growth. This growth is cited as evidence of university success in technology transfer and it suggests an increasing importance of universities to innovation systems. Concerns have been raised that universities are moving towards applied research and away from fundamental research in efforts to capture licensing income. However, figures on growth in licensing perhaps paint a misleading picture, given the substantial variation in licensing success across universities, scientific fields, and technologies. The paper is organized around the following questions. What is the rationale behind university patenting and licensing? How embryonic are university inventions and how often is further development necessary? What is the record on exclusive versus non-exclusive licensing? What is the record on licensing revenue? What are university licensing goals? What is the role of faculty after a licence is signed? Have faculty been diverted from their traditional role in research?