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Report shows economic impact of academia-industry technology.
2015-03-27 13:31:12| Industrial Newsroom - All News for Today
Commissioned by BIO, independent study documents significant impact academia-industry technology transfer makes to U.S. economy. Entitled, "The Economic Contribution of University/Nonprofit Inventions in the United States: 1996-2013," report estimates that, during this 18-year time period, academia-industry patent licensing bolstered U.S. gross industry output by up to $1.18 trillion, U.S. gross domestic product by up to $518 billion, and supported up to 3,824,000 U.S. jobs.
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