The Journal of Technology Transfer

, Volume 26, Issue 1–2, pp 59–72 | Cite as

Objectives, Characteristics and Outcomes of University Licensing: A Survey of Major U.S. Universities

  • Jerry G. Thursby
  • Richard Jensen
  • Marie C. Thursby


This paper describes results of our survey of licensing at 62 research universities. We consider ownership, income splits, stage of development, marketing, license policies and characteristics, goals of licensing and the role of the inventor in licensing. Based on these results we analyze the relationship between licensing outcomes and both the objectives of the TTO and the characteristics of the technologies. Patent applications grow one-to-one with disclosures, while sponsored research grows similarly with licenses executed. Royalties are typically larger the higher the quality of the faculty and the higher the fraction of licenses that are executed at latter stages of development. Sponsored research is more likely to be included in a license if the new technology is at an early stage of development or if the TTO evaluates it as important. We find that additional disclosures generate smaller percentage increases in licenses, and those increases in licenses generate smaller percentage increases in royalties.


Income Economic Growth Marketing Percentage Increase Industrial Organization 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Kluwer Academic Publishers 2001

Authors and Affiliations

  • Jerry G. Thursby
    • 1
  • Richard Jensen
    • 2
  • Marie C. Thursby
    • 1
  1. 1.Department of Economics, Krannert BuildingPurdue UniversityW. Lafayette
  2. 2.Department of EconomicsUniversity of Notre DameSouth Bend

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