Washington University in St. Louis made great strides in 2016 in developing and licensing innovative technologies to solve real-world problems.
In 2016, Washington University in St. Louis earned an estimated $16 million in royalties and licensing agreements related to tech development. (Image: Thinkstock)
The university earned an estimated $16 million in royalties and licensing agreements related to technology development. Additionally, 108 foreign and U.S. patents were issued to university researchers and a number of startups were formed, including seven based primarily on intellectual property developed at the university.
“It’s exciting to see Washington University technology leave our laboratories and enter the marketplace, where it has the potential to benefit people around the globe,” said Nichole Mercier, managing director of the university’s Office of Technology Management, which oversees commercialization of new technologies. “In the new year, we’ll continue to take key steps to engage faculty inventors and connect with companies that may be interested in our technologies.”
Several of the new startups were created using the university’s Quick Start License, which speeds up and streamlines the process of starting companies that are rooted in university technology. The program allows researchers to focus on developing their ideas and creating new businesses rather than worrying about upfront fees to get technology into the marketplace.
These new startup companies are based primarily on Washington University intellectual property:
Accuronix Therapeutics, established by William Hawkins, MD, the Neidorff Family and Robert C. Packman Professor of Surgery, and Robert Mach, former Britton Chance Professor of Radiology at Washington University. The team is developing a new class of drugs that selectively targets a receptor that is over-expressed on the surface of cancer cells. The technology selectively targets cancer cells, potentially increasing the effectiveness of chemotherapy and reducing toxic side effects.
Applied Particle Technology, founded by Jiaxi Fang and Tandeep S. Chadha, both recent graduates of the School of Engineering & Applied Science, and Pratim Biswas, the Lucy & Stanley Lopata Professor of Engineering, assistant vice chancellor, and chair of the Department of Energy, Environmental & Chemical Engineering. The company is developing innovative, energy-efficient air filtration systems for use in various settings.