Written by: Carrie Ghose Staff Reporter Columbus Business First
Ohio State University doesn’t quite have one-tenth the technology licensing income of perennial state leader Cleveland Clinic – but the school beats the hospital giant in an important measure of future success.
Ohio State had 11 spinoff companies in fiscal 2015 (and five that shut down) that led to a total of 46 operating spinoffs, just beating Cleveland Clinic’s 44 for the state’s highest cumulative total of still-open startups based on its research and innovation, according to the latest annual survey of the Association of University Technology Managers.
See the embedded spreadsheet for the tech commercialization stats from Ohio universities and research hospitals, ranked by fiscal 2015 adjusted gross licensing income, with year-over-year change, 2015 spending on research, and statistics on activity that presages future income such as licenses, patents and startups. The 2015 rankings are below as well.
Ohio State has 245 active licenses based on its technology, 82 of them generating income, according to the survey, which puts it on par with Cleveland Clinic’s 88 income-generating licenses out of 288 total.
Athens-based Ohio University, second for income in the state, was virtually unchanged in its royalty and licensing income in the year ended June 30, 2015, but had slowed down its pipeline: Five of its 18 active licenses are generating income, and it has six active spinoffs, none of which launched in 2015. Its main source of ongoing income has been a drug for treating a form of gigantism, but those patents are due to expire.
Nationwide Children’s Hospital’s Research Institute participated in the association’s survey for the first time in 2015, debuting at No. 7 in the state for income. It had seven active spinoffs in 2015. Since then its had two gene therapy spinoffs go public; they generate both stock equity and payments to the Columbus hospital based on meeting goals in the regulatory approval process, but they don’t yet have treatments on the market generating royalties. Children’s also this year licensed a child-safety gadget.
Fiscal 2015 gross licensing income
- Cleveland Clinic: $27,448,180
- Ohio University: $10,593,162
- Ohio State University: $2,459,946
- Children’s Hospital Cincinnati: $1,332,074
- Case Western Reserve University: $1,159,577
- University of Toledo: $951,945
- Nationwide Children’s Hospital: $835,000
- University of Cincinnati: $384,998
- University of Akron: $233,000
- Wright State University: $28,137
- University of Dayton: $15,500
- Miami University: $454
Carrie Ghose covers health care, startups and technology for Columbus Business First.
Read original article here
|Institution||FY15 Gross Licensing Income||Change from FY14||Research Expenditures in FY15||Cumulative Active Licenses||Licenses/ Options: Generating License Income||U.S. Patents Issued||Start-ups Initiated||Cumulative Operating Start-ups at end of FY15|
|Ohio State University||$2,459,946||12%||$961,996,935||245||82||40||11||46|
|Children’s Hospital Cincinnati||$1,332,074||-48%||$364,020,251||168||55||9||0||7|
|Case Western Reserve University||$1,159,577||-64%||$318,108,000||Left blank||57||54||4||33|
|University of Toledo||$951,945||-33%||$52,354,000||125||46||21||0||17|
|Nationwide Children’s Hospital||$835,000||1st year reporting||$117,500,000||35||9||7||1||7|
|University of Cincinnati||$384,998||-20%||$199,951,378||200||34||12||1||24|
|University of Akron||$233,000||53%||$58,512,485||41||4||19||3||26|
|Wright State University||$28,137||237%||$54,289,000||5||6||1||0||0|
|University of Dayton||$15,500||-45%||$96,723,396||Left blank||3||9||0||0|
|Source: Association of University Technology Managers|