Oregon State pulls in record licensing-fee haul

CORVALLIS, Ore. (AP) — Private companies paid more than $4 million last year to Oregon State University for the rights to products developed at the school.

The Corvallis Gazette-Times reports (http://bit.ly/p7Z6Tv ) the total is a record amount for the school.

Rick Spinrad, the university’s vice president for research, says the growth in licensing fees matches the amount of research money the school is attracting from the private sector.

Spinrad says the money from royalties is reinvested into research grants and the college or department in which they were developed.

The biggest-ticket items were transparent transistors that could change the displays of flat-screen TVs and other electronics, along with a new breed of wheat developed at the university that found success with growers.

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Information from: Gazette-Times, http://www.gtconnect.com