Make us your home page

USF tops Florida universities for patents in 2014

The University of South Florida ranked first in Florida, tenth in the United States and the top 15 in the world for the number of patents it secured in 2014, according to a report by the National Academy of Inventors and the Intellectual Property Owners Association .

USF was awarded 104 patents, which trumped the 87 patents granted to the University of Florida Research Foundation and the 66 granted to the University of Central Florida.

Each year, the NAI and IPO track the number of patents administered by the U.S. Patent and Trademark Office. The organizations compile a list of public and private universities in the U.S., ranking them by the number of patents they received.

Most of the patents were attributed to USF's strong medical school and civil engineering department, said Valerie McDevitt, associate vice president for technology transfer and business partnerships.

McDevitt said that USF strives to pair its innovative knack with commercial markets. The school wants to attract biomedical companies with its startups, she said.

USF has many of its patented technologies in clinical trial, with new products coming out on the market every year. Medical companies are quick to buy the university's inventions. Take Cellular Biomedicine Group for instance, which just acquired one of USF's medical technologies and will be completing its clinical trials by the end of the year.

"The growth of technology and innovation is essential to the success of a university," said Paul R. Sanberg, USF senior vice president for research, innovation and economic development. "Invention based on university technology remains a significant factor in economic development."

Sanberg, who has been at USF for nearly 20 years, founded one of the first chapters of NAI at the university. He helped USF faculty from different academic backgrounds coalesce to develop new patentable technologies.

Before Sanberg's collaborative push, it wasn't uncommon for university departments to operate independently when developing new tech, McDevitt said. Now, USF's academic inventors take initiative to mentor each other and work together to obtain patents. For instance, someone from the medical school and arts and sciences school might work together to develop a medical device.

"We are proud of our faculty, students and staff who make an impact on Tampa Bay and the state of Florida and are converting their research into patents and commercialization activities that benefit society," said Sanberg.

In fiscal year 2013, USF made $1.8 million off their patents and startup companies. Although, it isn't always easy for the university to generate revenue from new inventions.

McDevitt said there can be a significant lapse between when USF strikes a license deal and the time it takes to be issued a patent. It can take up to 15 years for a new technology to gain FDA approval and be released on the market, McDevitt said. USF reported 91 licensing agreements last year.

The IPO will soon release its annual list of 300 worldwide organizations that received the most U.S utility patents in 2014. USF will be one of only 13 universities to appear on the list.

USF tops Florida universities for patents in 2014 06/16/15 [Last modified: Wednesday, June 17, 2015 5:55pm]
Photo reprints | Article reprints

© 2017 Tampa Bay Times


Join the discussion: Click to view comments, add yours

  1. To catch a poacher: Florida wildlife officers set up undercover gator farm sting


    To catch a ring of poachers who targeted Florida's million-dollar alligator farming industry, state wildlife officers created the ultimate undercover operation.

    To catch a ring of poachers who targeted Florida's million-dollar alligator farming industry, the Florida Fish and Wildlife Conservation Commission set up an undercover operation. They created their own alligator farm, complete with plenty of real, live alligators, watched over by real, live undercover wildlife officers. It also had hidden video cameras to record everything that happened. That was two years ago, and on Wednesday wildlife officers announced that they arrested nine people on  44 felony charges alleging they broke wildlife laws governing alligator harvesting, transporting eggs and hatchlings across state lines, dealing in stolen property, falsifying records, racketeering and conspiracy. The wildlife commission released these photos of alligators, eggs and hatchlings taken during the undercover operation. [Courtesy of Florida Fish and Wildlife Conservation Commission]
  2. CBO analysis: 23 million would lose health coverage under House-passed bill


    WASHINGTON — The Republican health care bill that passed the House earlier this month would nearly double the number of Americans without health insurance over the next decade, according to a new analysis by the nonpartisan Congressional Budget Office.

    Demonstrators protests the passage of a House Republican health care bill, outside the the Capitol in Washington, on May 4. The House took the unusual step of voting on the American Health Care Act before the Congressional Budget Office could assess it. That analysis was released Thursday and it showed the bill would cause 23 million fewer people to have health insurance by 2026. Many additional consumers would see skimpier health coverage and higher deductibles, the budget office projected.
  3. Florida Specialty Insurance acquires Pinellas Park's Mount Beacon Insurance


    Tens of thousands of homeowners who were pushed out of Citizens Property Insurance for a private carrier since 2014 are finding themselves changing insurance companies yet again.

  4. Marijuana extract Epidiolex helps some kids with epilepsy, study shows


    A medicine made from marijuana, without the stuff that gives a high, cut seizures in kids with a severe form of epilepsy in a study that strengthens the case for more research into pot's possible health benefits.

    An employee checks a plant at LeafLine Labs, a medical marijuana production facility in Cottage Grove, Minn. [Associated Press (2015)]
  5. St. Pete Economic Development Corporation lures marketing firm MXTR to town

    Economic Development

    St. Petersburg Economic Development Corporation has lured its first big catch to St. Petersburg — MXTR Automation. The digital marketing company announced Wednesday that it will fill 20 "high-wage" creative positions within the next 18 months, as well as open an office in downtown St. Petersburg this year.