Word: brinton
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Dates: during 1990-1999
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...patent means more than just the completion of research. A patent can mean money. And that is where Joyce Brinton, director of Harvard's Office for Trade and Technology Licensing (OTTL), comes...
...find out about inventions that are being made by the faculty," Brinton says. "Once we hear about an invention and get a description, we evaluate if it is something we can get a patent for or if it has commercial application...
...Then Brinton's office begins the process of obtaining a patent and finding a good company to hold the patent's license, she says. After that happens, Harvard begins to earn royalties...
...income from patent royalties has grown from $24,000 in 1980 to more than $5.7 million in fiscal year 1994, and continues to grow by between 20 and 30 percent per year, Brinton says...
...large part of that income comes from the Medical School, which produced the patents for Harvard's two biggest money earners, Cardiolite and Sequenase. According to Brinton, while 55 percent of the patents are from the Med School, those patents bring in about 70 percent of the income...