Patenting discoveries does not pay off for most universities (US)

New York Times
http://www.nytimes.com/2013/11/21/education/patenting-their-discoveries-does-not-pay-off-for-most-universities-a-study-says.html
covering
http://www.brookings.edu/research/papers/2013/11/university-start-ups-technology-transfer-valdivia
Valdivia WD, Brookings 2013

“Using tech transfer office expenses information, Valdivia estimates that 130 universities did not generate enough licensing income in 2012 to cover the wages of their technology transfer staff and the legal costs for the patents they file. What is more, with 84% universities operating technology transfer in the red, 2012 was a good year because over the last 20 years, on average, 87% did not break even.”

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