University of Toronto and the UT Innovations Foundation
This article was originally published in Start Up
Executive Summary
Eight years ago, the University of Toronto and the Innovations Foundation instituted a new policy that offered to give up ownership of most technologies to the researchers who invented them, in return for a 25% cut of the researchers' proceeds. The results of the UT's ownership policy and the IF's reorganization have been dramatic; today, UT researchers disclose about 120 inventions a year, roughly two-thirds of them medically related.