A Letter from The Office of the Vice Chancellor for Research

OVCR Annual ReportFiscal Year 2011Technology Management & Intellectual PropertyLicensesOTM seeks to put the University’s inventions and discoveries into the hands of the public.Sometimes this means sharing our inventions with other non-profit organizations for free andother times this means licensing them out to corporate entities in exchange for fees and/orroyalties. Patented and unpatented inventions are transferred to industry through a variety oflicensing arrangements. Some of the licensing or license-related arrangements OTM enters intoare as follows:Evaluation & Option Agreement:• Gives a company a time-limited (generally six months to a year) “preview” of theinvention for the purpose of deciding whether to take a license.Non-Exclusive License Agreement:• Fee- and royalty-bearing license: rights are granted to commercialize the technology,may be granted to multiple licensees.• Paid-up license: a non-exclusive license granted for a one-time, up-front license feewithout subsequent fees or royalties.• No-fee license: rights are granted to a third party (usually another non-profiteducational institution) to use a technology that is generally licensed to commercialentities for a fee.Exclusive License Agreement:• A fee- and royalty-bearing exclusive license; grants a licensee the sole right tocommercialize a technology (may include sublicensing rights).License agreements may be limited to a particular field of use or geographic area. They also oftenvary in terms of amount of fees and royalties due, milestones to be achieved by the company, andlength of the agreement. While the majority of licenses granted by the University are to existingcommercial companies, the University is also actively supporting and encouraging the creation ofnew business ventures in St. Louis by licensing technology to start-up companies.In FY11 the University entered into 12 Evaluation and Option Agreements. This year theUniversity also granted a total of 48 revenue-generating licenses, 15 exclusive and 33 nonexclusive.The table below shows the number of revenue-generating licenses by School. Thisresult is remarkable considering the downturn in the global economy and continuation ofcompany mergers and downsizing.FY11 FY10 FY09 FY08 FY07Arts & Sciences 0 0 0 0 0Engineering 3 3 2 3 0Medicine 45 38 41 38 45Law 0 0 0 1 0Social Work 0 0 1 0 0Total 48 41 44 42 45Table 6Licenses by School – FY11 through FY0757