Measuring Success: Research, Innovation and Economic Development pillar

Metric: Commercialization

Our legal system rewards the creators of new knowledge and spurs innovation by giving the creators of the knowledge certain legal rights protecting their efforts. Patents and license agreements are important examples of such legal rights; this metric adds up the number of those each year.

Data definition: Total number of patent applications and executed licenses. Baseline figure is for FY2018. Source: UAB Harbert Institute for Innovation and Entrepreneurship.

commercialization 013019

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