Wednesday, June 12th 2013, 7:43 am
Royalties for technology developed at Oklahoma State University have topped $2 million for the first time. The royalties were generated last year for the use of university-developed technologies licensed to start-up or existing companies.
Topping the list is a probiotic administered to the nation's dairy and feedlot cattle. The bacteria developed at OSU is used to help maintain the proper balance of microflora in the animals' gastrointestinal tracts. The bacteria also help the cattle convert food to energy.
"You need more than just an innovative technology to make for commercial success," said Steven Price, OSU's associate vice president for technology development. "That's why at OSU we have programs like TBDP and Cowboy Technologies, to help maximize our technologies to their full potential. We believe it's the modern interpretation of our land-grant mission."
Royalties from licensed technologies are re-invested back into university research programs.
The Associated Press contributed to this story.
June 12th, 2013
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