The Newsroom    Published Tuesday, Oct. 17, 2006, 2:13 PM
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Creations can push career into overdrive

Austin American-Statesman, Oct. 15, 2006http://www.statesman.com/news/content/news/stories/local/10/15/15tech.html As a new faculty member at Texas A&M University 17 years ago, chemical engineer Mark Holtzapple was scolded during a tenure review: "Too much of an inventor." That criticism was a distant memory when Holtzapple stood before a roomful of potential investors at the InterContinental Stephen F. Austin Hotel recently, presenting his latest research into superefficient compressors and engines. Once shunned as sell-outs slumming in the real world, profit-minded professors such as Holtzapple are now being warmly embraced by research universities that covet the potential riches from patents, licenses and spinoff companies born of faculty inventions. …In 2004, Texas' public universities together collected $38 million from faculty inventions but spent almost $17 million on administrative and legal costs doing it. Only nine schools of 19 earned more money than they spent trying to commercialize faculty inventions; two of those earned less than $20,000. The University of Texas Medical Branch at Galveston reported a $750,000 deficit, the largest among Texas public schools.



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