Research driving more inventions, startups at universities

Colleges and universities, thanks to growing investments in research, are churning out more inventions and startup companies.

That’s led to solid growth in revenue through commercial licensing fees and other material transferring agreements.

Washington University, the region’s largest research institution, reported $17 million in revenue in fiscal 2017 from such deals, according to data provided by the university’s Office of Technology Management (OTM).

And while that’s not as high as in fiscal 2015, when the university reported $30.6 million from licensing and other agreements, it is much higher than the typical $6 million to $10 million range its OTM brought in on an annual basis over the last five years.

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