Inventions increase at CSU

The number of inventions by CSU faculty and researchers surged 132 percent between 2007 and 2011 vs. the previous five years, the university said Wednesday.

CSU Ventures, the university’s technology transfer group, reported 515 new inventions during the period. The increase puts CSU in the 99th percentile among institutions with more than $125 million in annual research funding.

CSU reported more than $340 million in annual research spending last year.

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In fiscal 2011, CSU faculty in 17 departments submitted 119 invention disclosures to CSU Ventures. The disclosures led to 41 license agreements, both in-state and out-of-state, as well as six new start-ups.

In addition to inventions disclosed, patent applications, license agreements and startup companies more than doubled totals from the previous five-year period. CSU Ventures reported 165 new license agreements between 2007 and 2011, up from 58 in the period between 2002 and 2006.

Revenue from license agreements grew from $4.42 million to $8.22 million.