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The Financial Times Reports - Rise in college licences to exploit inventions

July 10th 2008

..... Most universities hold the right to exploit all technical inventions made by their academics, although universities usually gives the inventors a share of profits made from them. Universities grant licences to businesses to develop the inventions and make money from them, in return for a variety of payments, such as one-off flat fees and royalties.

Cutting-edge licensing deals include a "compression sock" developed by University College London. The sock, used in hospitals and on long air flights to prevent embolism, is sold by Griffiths & Nielsen, a distributor of science and healthcare products ......

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