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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.