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News

15 February 2010

NovaUCD Increased Commercialisation in 2009

NovaUCD, the Innovation and Technology Transfer Centre at University College Dublin, has reported a significant increase in UCD's commercialisation outputs.

During 2009, UCD researchers reported 85 new invention disclosures to NovaUCD, a 60pc increase on 2008 figures. A total of 247 inventions have now been disclosed to NovaUCD during the last five-year period. Last year seven new UCD spin-out companies, commercialising UCD research, were established bringing to 13 the total number of UCD spin-outs incorporated since 2005.

Forty-seven patent applications, including 25 priority, 17 PCT (patent co-operation treaty) and 5 national/regional applications were also filed by UCD during 2009. These patents were filed for intellectual property arising from research taking place throughout the University's Colleges, Schools and Institutes. A total of 88 priority patent applications have now been filed by UCD in the last 5-year period. In addition, over 50 licence agreements were concluded by UCD in the same period with a range of indigenous and international companies.

FRKelly has been providing patent advice and services to NovaUCD since its foundation in 2003 and is pleased that a focus on the importance of IP commercialisation in UCD has met with such success.