Make us your home page
Instagram

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

Loading...
  1. 'Road to Nowhere' is back: Next phase of Suncoast Parkway coming

    Roads

    Despite intense public opposition and dubious traffic projections, the Florida Department of Transportation has announced that construction of the toll road known as "Suncoast 2" is expected to start in early 2018.

    The Suncoast Parkway ends at U.S. 98 just south of Citrus County. For years residents have opposed extending the toll road, a project dubbed the "Suncoast 2" into Citrus County. But state officials recently announced that the Suncoast 2 should start construction in early 2018. [Stephen J. Coddington  |  TIMES]
  2. A sports rout on Wall Street

    Retail

    NEW YORK — Sporting goods retailers can't shake their losing streak.

  3. Grocery chain Aldi hosting hiring event in Brandon Aug. 24

    Retail

    BRANDON — German grocery chain Aldi is holding a hiring event for its Brandon store Aug. 24. It is looking to fill store associate, shift manager and manager trainee positions.

  4. Lightning owner Jeff Vinik backs film company pursuing global blockbusters

    Corporate

    TAMPA — Jeff Vinik's latest investment might be coming to a theater near you.

    Jeff Vinik, Tampa Bay Lightning owner, invested in a new movie company looking to appeal to a global audience. | [Times file photo]
  5. Trigaux: Look to new Inc. 5000 rankings for Tampa Bay's future heavyweights

    Business

    There's a whole lotta fast-growing private companies here in Tampa Bay. Odds are good you have not heard of most of them.

    Yet.

    Kyle Taylor, CEO and founder of The Penny Hoarder, fills a glass for his employees this past Wednesday as the young St. Petersburg personal advice business celebrates its landing at No. 25 on the 2017 Inc. 5000 list of the fastest growing private companies in the country. Taylor, still in his 20s, wins kudos from executive editor Alexis Grant for keeping the firm's culture innovative. The business ranked No. 32 last year. [DIRK SHADD   |   Times]