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Close to-File Numbers of Public-Non-public Partnerships Propelled Canadian Innovation in 2021,

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article Close to-File Numbers of Public-Non-public Partnerships Propelled Canadian Innovation in 2021,

With three a long time of collected metrics, the Survey supplies the definitive benchmark for measuring the affect of educational analysis innovation.

Improvements arising from Canadian universities and analysis establishments are altering the world for the higher.”

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— Dr. Stephen J. Susalka, AUTM CEO

WASHINGTON, DC, UNITED STATES, January 19, 2023 /EINPresswire.com/ — Partnerships between Canadian analysis establishments and expertise firms continued to develop in 2021, with expertise switch workplaces executing the very best variety of licenses and choices since 2016 to spur innovation, in accordance with AUTM’s Annual Licensing Exercise Survey, which polls Canadian universities, hospitals and different analysis establishments.

Yearly, universities and analysis establishments throughout Canada develop innovations, from synthetic intelligence developments to life-saving remedies. These improvements are licensed to trade on their journey to the marketplace for the advantage of society.

The 2021 Licensing Survey reported 910 licenses and choices, a 16% leap from 2020 and approaching the earlier excessive of 925 set in 2016. The Survey findings additionally recommend that Canadian analysis establishments are utilizing their analysis funding effectively, averaging 1.22 licenses and choices for each $10 million in funding—an 8% enchancment over 2020 and, once more, the very best common since 2016.

“Improvements arising from Canadian universities and analysis establishments are altering the world for the higher,” mentioned AUTM CEO Stephen J. Susalka. “The spectacular variety of licenses and choices from this 2021 AUTM Licensing Survey – every driving an early-stage invention nearer to a brand new services or products – clearly demonstrates that expertise switch is making a considerable financial and societal affect throughout Canada.”

The 2021 report relies on information gathered from 37 analysis establishments, the very best variety of Canadian respondents within the Survey’s historical past. With three a long time of collected metrics, the Survey supplies the definitive benchmark for measuring the affect of educational analysis innovation.

The important thing findings of the 2021 Survey present:

• Whole analysis expenditures topped $7.4 billion (CAD), with federal sources accounting for the most important share of funding at 45.2%.
• A report 125 startups have been shaped, immediately impacting native economies, with greater than 91% of the brand new companies headquartered of their establishment’s residence province.
• Licensing revenue for 2021 additionally hit a brand new excessive of $168 (CAD), up 33% from 2020, That leap was fueled by a 49% enhance in revenue from working royalties.

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These achievements are much more notable provided that analysis establishments have confronted lots of the identical COVID-driven logistical and staffing challenges as different industries. The Survey outcomes point out that the common analysis establishment’s licensing employees in 2021 had shrunk by greater than 25% in contrast with 2020.

In regards to the Survey
To seek out the entire survey and skim extra evaluation about this yr’s findings, go to the AUTM web site. Should you’d wish to transcend the information offered within the Survey, contemplate AUTM’s STATT Database.

About AUTM
AUTM is the nonprofit chief in efforts to coach, promote and encourage professionals to assist the event of educational analysis that adjustments the world and drives innovation ahead. Our group is comprised of greater than 3,000 members who work in additional than 800 universities, analysis facilities, hospitals, companies, and authorities organizations across the globe. To be taught extra about AUTM, go to www.autm.web.

Media Contact
For extra data or an interview with AUTM‘s CEO, please contact:
Jordana Bieze Foster
AUTM Advertising Supervisor
jbiezefoster@autm.web
+1-617-501-4597

Jordana Bieze Foster
AUTM
+1 617-501-4597
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January 19, 2023, 20:07 GMT

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