UC Riverside
Campus Notes:
Income
increased sharply in FY96 due to the commercialization of Phosphorus Plant
Fertilizer, which generated $228,000 during FY96. Earnings from this invention
represented 90% of utility income and 40% of total FY96 income. Plant varieties,
which represent one-fourth of active inventions, account for more than
half of FY96 total income.
The
number of new inventions reported by UCR researchers decreased in FY96.
Patent activity and expenses remained stable from FY95 to FY96. Operating
expenses decreased because licensing professionals spent a smaller portion
of their time managing the Riverside invention portfolio.
The
$50,000 decrease in inventor share payments form FY95 to FY96 resulted
from a $97,000 decrease in income from FY94 to FY95. The $51,000 increase
in the State share assessment reflected the FY96 increase in income as
well as the decreased inventor share payments.
A
combination of all the above factors resulted in the campus moving from
a net loss position in FY95 to a net profit position in FY96.
PORTFOLIO ACTIVITY
| FY95 | FY96 | |
| INVENTION Inventions Reported Total Active Cases PATENT ACTIVITY US Patents Issued LICENSING |
20 82 10 1 11 3 33 39 2 7 5 123 |
15 90 8 3 11 2 35 31 3 6 7 108 |
| FINANCIAL ACTIVITY (Thousands) |
FY95 | FY96 |
| Adjusted Gross Income Less: Expenses/Distributions Net Legal Expenses Inventor Shares State Share Operating Expenses Campus Net Income Inventions Earning Income |
$402 146 211 11 160 $(126) 22 19 |
$557 146 161 62 133 $55 20 22 |