For immediate release: December 8, 2003
For more information, contact Jeff Bendix at 216-368-6070 or jeff.bendix@case.edu

CLEVELAND—During the 2002-2003 fiscal year, Case Western Reserve University's College of Arts and Sciences and Case School of Engineering produced more than twice the expected number of invention disclosures-and they are on track to do so again this year.

The Case School of Engineering's and College of Arts and Sciences' invention disclosures, which are a standard measure of faculty involvement in technology transfer, are up more than 23 percent so far in 2003-2004, compared with the same period last year.

Based on statistics from the Association of University Technology Managers and research expenditures at the College of Arts and Sciences and Case School of Engineering, the university should expect to produce 20 to 25 invention disclosures each year from the two schools. Last year the schools produced more than twice that number, and so far this fiscal year they have produced 35.

"I continue to be delighted with the pace of activity in the Case School of Engineering and College of Arts and Sciences," said Nick Frollini, director of engineering and physical sciences for the tech transfer office. "We are seeing positive growth in all key areas, and the level of invention disclosures is well above what we would expect to see based on national averages. Clearly our researchers are performing at the highest levels."

Partially as a result of this increased participation by faculty, the tech transfer team already has closed more transactions in the first five months of this year (8) than they did for the entire previous fiscal year. Two of the new deals include the university taking an equity position in early-stage companies in the region.

In addition, revenue from new transactions for the first half of the year for these two schools has already exceeded $400,000-which represents a 33 percent increase over the entire past fiscal year.

"Being an entrepreneur and a long-time supporter of tech transfer, it is gratifying for me to see the new technology transfer office gaining traction both in terms of relationships with faculty and measurable results," said Mehran Mehregany, Goodrich Professor of Engineering Innovation and chair of electrical engineering and computer science.

About Case Western Reserve University

Case is among the nation's leading research institutions. Founded in 1826 and shaped by the unique merger of the Case Institute of Technology and Western Reserve University, Case is distinguished by its strengths in education, research, and service. Located in Cleveland, Case offers nationally recognized programs in the Arts and Sciences, Dentistry, Engineering, Law, Management, Medicine, Nursing, and Social Sciences. http://www.case.edu.

 

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