The Association of University Technology Managers recently offered an advanced look at its second annual assessment of the economic dividends derived from academic technology transfer.
--- # [](https://www.innovation-asset.com/) - [Decipher®](https://www.innovation-asset.com/products-decipher) - [Services](https://www.innovation-asset.com/products/professional-services-0) - [Resources](https://www.innovation-asset.com/resources) - [Blog](https://www.innovation-asset.com/blog) - [About Us](https://www.innovation-asset.com/about) - [Contact Us](https://www.innovation-asset.com/contact) # Innovation Asset Blog # AUTM previews economic impact of technology transfer by [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) The Association of University Technology Managers is currently conducting its second annual assessment of the economic dividends derived from academic technology transfer. Researchers recently offered [an advance look](http://www.autm.net/AM/Template.cfm?Section=Press_Release_Archive&Template=/CM/ContentDisplay.cfm&ContentID=11436) at some of the telling statistics ahead of the full report's scheduled release at the end of the year. "The technology transfer profession is a multifaceted profession and challenging to quantify," AUTM President Sean Flanigan noted. "However, the results of this survey clearly demonstrate that technology transfer professionals made significant contributions to the U.S. economy throughout the recession." In fiscal year 2012, the U.S. universities, hospitals and research institutions surveyed by AUTM analysts generated a combined $36.8 billion in net product sales from their licensed technologies. In addition to top-line revenue, it's clear that academic technology transfer is also impacting the labor market. At the end of FY 2012, more than 4,000 startup companies formed by 70 separate institutions were still in operation - employing nearly 16,000 full-time staff members. The variety and vitality of tech transfer initiatives was [particularly apparent](http://medcitynews.com/2013/08/survey-which-hospitals-and-biomed-research-insitutues-generated-the-most-licensing-revenue/) in the biomedical sector. According to MedCity News, California's City of Hope Medical Center and Beckman Research Institute amassed $224.4 million in licensing revenue in FY 2012 while founding a single startup initiative. Conversely, Boston's Brigham and Women's Hospital spawned seven startup companies in FY 2012 while accumulating $8.9 million in licensing revenue.  ### [Peter Ackerman](https://www.innovation-asset.com/blog/author/peter-ackerman) Founder & CEO, Innovation Asset Group, Inc. [August 12, 2013](https://www.innovation-asset.com/blog/autm-previews-economic-impact-of-technology-transfer) ### Subscribe to Email Updates ### Introducing Decipher® ### Categories - [Intellectual Property Management (459)](https://www.innovation-asset.com/blog/topic/intellectual-property-management) - [Commercialization and Licensing (210)](https://www.innovation-asset.com/blog/topic/commercialization-and-licensing) - [Invention Disclosure (201)](https://www.innovation-asset.com/blog/topic/invention-disclosure) - [Innovation Strategy (20)](https://www.innovation-asset.com/blog/topic/innovation-strategy) - [Ideas for Good (6)](https://www.innovation-asset.com/blog/topic/ideas-for-good) - [Innovation Team (3)](https://www.innovation-asset.com/blog/topic/innovation-team) ### News Archives - [January 2013 (26)](https://www.innovation-asset.com/blog/archive/2013/01) - [September 2012 (25)](https://www.innovation-asset.com/blog/archive/2012/09) - [October 2012 (22)](https://www.innovation-asset.com/blog/archive/2012/10) - [November 2012 (22)](https://www.innovation-asset.com/blog/archive/2012/11) - [November 2010 (21)](https://www.innovation-asset.com/blog/archive/2010/11) - [February 2011 (21)](https://www.innovation-asset.com/blog/archive/2011/02) - [July 2012 (21)](https://www.innovation-asset.com/blog/archive/2012/07) - [December 2012 (21)](https://www.innovation-asset.com/blog/archive/2012/12) - [January 2012 (20)](https://www.innovation-asset.com/blog/archive/2012/01) - [March 2012 (20)](https://www.innovation-asset.com/blog/archive/2012/03) ##### Portland, Oregon USA ##### © Innovation Asset Group, Inc. ##### [Privacy Policy](https://www.innovation-asset.com/privacy-policy/) | [Terms & Conditions](https://www.innovation-asset.com/terms-and-conditions/) | [Contact Us](https://www.innovation-asset.com/contact/) -