News & Publications
News
17 June 2008
NovaUCD Highlights An Invention A Week at UCD During 2008
NovaUCD, the Innovation and Technology Transfer Centre at University College Dublin today announced strong commercialisation results for 2008.
NovaUCD highlighted that UCD researchers are generating an invention a week as 53 invention disclosures were reported to NovaUCD during 2008. A total of 184 inventions have now been disclosed to NovaUCD during the 5-year period to end 2008.
Thirty-eight patent applications, including 25 priority, 6 PCT (patent co-operation treaty) and 7 national/regional applications were filed by UCD during 2008. These patents were filed for intellectual property arising from research taking place throughout the University's Colleges, Schools and Institutes. A total of 122 patent applications, including 70 priority patents, were filed by UCD in the 5-years ending last year. In the last four years 38 licence agreements were concluded by UCD with a range of indigenous and international companies. FRKelly has been involved with NovaUCD since its foundation and has drafted and filed many of the patent applications emerging from the University in that time.
Announcing NovaUCD's 2008 results, Dr Pat Frain, Director, NovaUCD said, "NovaUCD's successes during 2008 and in the 5-years ending last year clearly demonstrate that the growth in public investment in R&D at UCD is yielding a significant return to the Irish economy and society. In recent years NovaUCD related start-ups have created well over 1000 high-quality job opportunities and the total investment and realisation in UCD spin-out companies, during the past decade, is now more than $200 million."
NovaUCD is responsible for the implementation of UCD policies relating to the commercialisation of intellectual property arising from UCD's research programmes. NovaUCD also provides entrepreneurs and knowledge-based start-up companies with a comprehensive business support programme along with incubation space and related facilities and services.
