Patent Assistance Fund – UCLA
Grant Award Details
Grant Type:
Grant Number:
PA1-06921
Investigator(s):
Award Value:
$84,973
Status:
Closed
Grant Application Details
Application Title:
Patent Assistance Fund
Public Abstract:
As part of the core mission for the campus that bears benefits for faculty, the academic enterprise, and society at-large, our office provides a central role of managing the campus intellectual property and by promoting entrepreneurship and industry engagement. Over the past 20 years, our campus faculty IP has generated more than $280 million license revenue. Each year, our office actively manages approximately 400 new inventions; files over 250 patent applications; invests over $8M in patent activities; executes over 85 license agreements; launches over 15 new companies; and generates in excess of $20 million in gross licensing revenues.
Statement of Benefit to California:
By utilizing the patent fund to protect our campus IP, this will generate a stronger portfolio to be managed by our office. From this stronger position, our office can manage higher quality licenses and create stronger start-ups, all while fostering a welcoming local community in which to grow revenue. We also hope to create new local innovation-based jobs, taxes, and exports to other regions and countries through our licensing and start-up efforts. We are also confident that creating and fostering this supportive ecosystem will not only create successful new start-ups based on CIRM technology, but also help existing companies that are directly related or ancillary to CIRM technology sectors.