Within 3 years, the revenues of the company that initiates, leads and manages the transfer of the technologies created as part of the academic research in the laboratories of Tel Aviv University to the industry, grew by more than 640 percent
The summaries of the year 2007 conducted by Ramot near Tel Aviv University Ltd., the technology commercialization company of Tel Aviv University, show that in 2007 there was a 2-fold increase in the amount of technology commercialization agreements made by the company compared to 2005. In 2007 Ramot signed 26 commercialization agreements, Compared to 13 commercialization agreements in 2005, and 19 agreements in 2006. Ramot's revenues from commercialization transactions also grew at a rapid pace: in 2007 the company's revenues from commercialization were 6.7 million dollars. This is a significantly rapid growth, when in 2006 the company's revenues from commercialization amounted to about 3.6 million dollars, while in 2005 the revenues were only about 900 thousand dollars - a growth of more than 640 percent in three years.
The analysis of commercialization agreements carried out by Ramot in 2007 reveals that 11 of the 26 agreements were signed with Israeli companies, while the rest of the agreements were signed with American and European companies. In terms of the types of companies: 5 agreements were signed with start-up companies, 14 with small and medium-sized companies and 7 agreements with large companies. In terms of the areas in which Ramot signed commercialization agreements: 6 agreements in the field of pharmaceuticals, 8 in the field of biotechnology and medical devices, and the rest (12) in areas such as clean energy, information and communication technologies, and others.
"The achievements of the Ramot company, in promoting the technological developments of the university's researchers from the laboratories to the industry, are worthy of appreciation," says Prof. Zvi Galil, president of Tel Aviv University. "Ramot frequently contributes to the university's successes, and I believe that, with the help of the agreements it has signed, the scientific knowledge will bear fruit for the local and global industry."
"The range of subjects on which agreements were signed is extremely diverse - from possible drugs for Alzheimer's, to treat nerve pain and acne scars, a food additive that kills viruses to software solutions and clean energy," says Dr. Yehuda Niv, CEO of Ramot. "This wide variety reflects the great wealth of research that is within the walls of the university and undoubtedly only 'scratches' its edge."
"The success of Ramot continues to demonstrate how exactly research freedom leads to innovations and developments that can benefit all human beings," says Prof. Hagit Maser-Yeron, chairman of Ramot and vice president for research and development at Tel Aviv University. "Although academic research is carried out within the walls of the university, the primary goal of which is to enrich the knowledge pool, but, beyond that, there is no reason why the general public, the university and the researchers will not be able to enjoy the fruits of the development in the future with their full application."
Ramot Lid Tel Aviv University Ltd. is the technology commercialization company of Tel Aviv University. Ramot, established in 1973, initiates, leads and manages the transfer of technologies created within the framework of academic research from the university laboratories to industry. Ramot manages all commercialization activities from the stage of patent protection for the inventions of the faculty members and research students, to the granting of licenses to the relevant industrial entities. Ramot functions as the professional interface between innovative scientific discoveries and the business community in diverse fields of activity (life sciences, medicine, exact sciences, and engineering). Company Website
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A small anecdote from The joke site:
Why do academic institutions have so much knowledge?
Because when the students come to the universities, then they know very little, but when they leave they know nothing, and so little by little, with many students, the knowledge accumulates in the universities...