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How do universities and non-profit inventions contribute to gross output?
20 September 2019
Reflections based on the AUTM Report: “The Economic Contribution of University/Non-profit Inventions in the United States: 1996-2017” by Prof. Dr. Koenraad Debackere
In this overview Prof. Dr. Koenraad Debackere of K.U. Leuven reflects on the AUTM Report: "The Economic Contribution of University/Non-profit Inventions in the United States: 1996-2017". The report finds that the total contribution of U.S. academic licensors to industry gross output between 1996 and 2017 range from $723 billion to $1.7 trillion (in 2012 USD) and the contributions to gross domestic product (GDP) range from $374 billion to $865 billion (in 2012 USD). In addition, the report estimates that the total number of person years of employment supported by the academic licensors’ licensed-product sales range from 2.676 million to 5.883 million during the 22-year period. Debackere presents the case for undertaking empirical studies on the innovation contribution of universities in other countries to support evidence-based policy making.
Download this paper here.