December 3, 2004

Colleges seek a record number of patents

Wayne State University is mentioned among the nation's colleges and universities filing for more patents and identifying a greater number of scientific discoveries with commercial potential in the 2003 fiscal year. Wayne State said its big jump in revenues -- from about $2.2-million to nearly $13.7-million -- came primarily from cashing out its stake in a 17-year-old spinoff company called Lumigen, a manufacturer of chemical compounds that decompose and emit light when triggered by enzymes. Fred H. Reinhart, director of Wayne State's technology-transfer office, said Lumigen\'s subsequent success had been good for the university. Not only has the company hired many graduates, but it also was prosperous enough to buy out the university\'s stake. Because Wayne State shares licensing income with its inventors, the founder of the company, A. Paul Schaap, a professor of chemistry, will share in the windfall. He has pledged to use the money to endow a chair in chemistry at Wayne State.

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