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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, 2022, Missouri S&T took in a record $996,235 in royalty income, an increase of 38% over the previous year.
“According to recent data available from the Association of University Technology Managers, Missouri S&T has outperformed many of its peer universities in total number of invention disclosures, number of disclosures per research expenditures, licensing revenue, and royalty per invention disclosure,” says Dr. Kamal Khayat, interim vice chancellor for research and innovation.