S&T sees record year for patents, inventions
Posted by Velvet Hasner
Royalties from patents on commercialized inventions and products bring in hundreds of thousands of dollars in income every year for Missouri S&T. During the fiscal year that ended June 30, 2019, Missouri S&T earned a record $698,223 in royalty income, a 32 percent increase over the previous year, and the cumulative royalty amount crossed the $5 million mark in fiscal year 2019.
This year, faculty and students submitted 54 new invention disclosures – a new record high. Invention disclosures are confidential documents submitted to the university when an invention may have commercial value or has the potential to be patented.
Posted by Velvet Hasner
