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When university startups begin to patent like corporations

from Blogging Innovation

Startup patenting strategies have become as sophisticated as those of incumbent companies and startup patenting costs have reached new heights — the average reported cost of a single patent was $38,000. The survey data on startup patent strategies offers insight into our current university model of startup formation. U.S. universities spinoff hundreds of new startups each year and spend millions of dollars to help their startups get patents. By way of background: A university startup takes shape when an entrepreneur with a passion for the university-owned technology — typically the faculty member or student who invented the technology — licenses it from the university. more

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