Word: brinton
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...income from a patent is more than $50,000, 25 percent of the income goes to the inventor, 20 percent to the inventor's lab, 20 percent to the inventor's department and 20 percent to the inventor's school, Brinton says...
...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...
...patents that earn that much are rare, Brinton says. Only approximately 20 percent of Harvard's patents earn more than $100,000 per year...