Licensing of Academic Patents Has Contributed Up to $1.7 Trillion to US Economy

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PHILADELPHIA–(BUSINESS WIRE)–The licensing of university and nonprofit research has made a significant contribution to US gross domestic product (GDP), industrial gross output, and jobs over the last 22 years, according to an independent study released today and commissioned by the Biotechnology Innovation Organization (BIO) and AUTM, a global nonprofit that works to advance ideas from research institutions into the marketplace. The report, “The Economic Contribution of University/Nonprofit I http://www.businesswire.com/news/home/20190605005810/en/Licensing-Academic-Patents-Contributed-1.7-Trillion-Economy/?feedref=JjAwJuNHiystnCoBq_hl-WBlLQO14j4QZPTyX5CYOnwC4VjN53jumZRlnzhBoBxGrCOi9QzgjCezTS3Nw_X6kJUrpSBm-Hav1w-UkdSlG3ltkRSnqzf6ourQGu_UA28CzZCGORvG0LE20YOvo49uqw==