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Private investment in university research jumps 20 percent

from The Toronto Star

Industry funding of Canadian university research jumped 20 percent last year, the latest report on the commercialization of scholarly invention says. Private companies committed $795 million toward innovative university research, out of a total research budget of $6.1 billion for the 2010 financial year. Most of the increases were seen in Montreal, Calgary and Edmonton, says the survey report released by the Association of University Technology Managers. The survey does not collect company names, said Sarah Howe, a report contributor and York University's associate director of intellectual property and research agreements. more

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