Indicator 10: Technology Licensing
How Does Massachusetts Perform?
Massachusetts is essentially tied with California in the number of technology licenses and options executed in 2017, leading the LTS. Massachusetts was the leader in this category in 2012. LTS newcomer Florida had a significant increase from 2007 to 2012 (78.2%) and 2012 to 2017 (99.6%), growing from what would have been 9th place in 2007 to 5th in 2017.
There has been a shift among the types of institutions in Massachusetts that comprise a majority of licenses and options executed. In 2006, Universities had the most technology licenses and options executed; from 2008 through 2014 Research Institutions & Hospitals had the most; and then in 2015 it shifted back to Universities. In 2017, Universities accounted for 57% of all licenses and options executed, accounting for 43% and 57% respectively of all licenses and options executed. University revenues are down 19% since 2007. Hospitals saw a more dramatic, although artificially inflated drop of 67.5% over the same time frame, due to a large legal settlement for Massachusetts General Hospital which inflated the 2007 totals. However since 2012, Research Institutions & Hospital revenues are actually up 5.5%, while University revenues are down 47.6%.
Data Source for Indicator 10: Association of University Technology Managers (AUTM), CPI