Indiana University faculty and staff broke records in fiscal year 2007 for the number of patent applications filed. Mark Long is President and CEO of the IU Research and Technology Corporation, which manages the university’s intellectual property, technology transfer, and new business development. He says 117 patent applications were filed this year, breaking the previous record of 97 applications filed in 2003. Looking at the past few years, Long says there’s a definite trend of increasing patents and new inventions from university faculty. Long says it all goes back to the research dollars being funneled to the university.
Long says many of the new intellectual property this year came from the medical school and the chemistry and physics department on the Bloomington campus. While the sciences are usually very productive, Long says patent applications come from all over the university. Some of this year’s new products came from the School of Social Work and the IU Police Department.