SU at top of patent list
Stellenbosch University (SU) is ahead of the pack when it comes to the number of patent applications emerging from South Africa.
The university on Wednesday said between 2009 and 2014, it had filed 59 Patent Cooperation Treaty (PCT) international applications
The University of Cape Town and the Council for Scientific and Industrial Research each filed 52 applications, followed by the University of Witwatersrand and Sasol Technology with 43 filed applications each.
“Remarkably, the top four PCT filers in South Africa are publicly funded entities such as universities and research councils,” said Innovus CEO and senior director for innovation and business development Anita Nel in a statement.
The past five years saw 2 683 PCT applications filed by private and publicly funded South African entities, with privately funded entities contributing almost 90% of the total number.
Nel pointed out that, while protection of intellectual property was critical, to extract its full value, it needed to be properly commercialised.
“The introduction of the Innovus Instant Access licence product, which is a simple and temporary licence agreement to allow industry to test the product and even commercialise it to test the market, has played a great role in increasing our number of licences,” she said, pointing to the conclusion of 19 licence agreements last year and an additional nine new licence agreements in 2014.
The establishment of “spin-out companies” to commercialise intellectual property was also a major focus area for Innovus, which put ten companies into operations since the start of 2014.
By the end of the year, there would be 17 spin-out companies in operation, with at least another four more in the pipeline for 2015.
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