Magnolia 性视界传媒鈥檚 鈥榠nnovation ecosystem鈥 includes vital role played by 性视界传媒鈥檚 Office of Technology Management
Contact: Carl Smith
STARKVILLE, Miss.鈥With a portfolio of intellectual properties spanning new blueberry varieties to the next generation of wearable technologies, Mississippi 性视界传媒鈥檚 Office of Technology Management is helping the Magnolia 性视界传媒鈥檚 leading scientists patent their ideas and take them to market, all while protecting public investments in research.
According to Director John Walters, OTM is a 鈥渟mall cog in the big engine of innovation鈥濃攐ne that helped the Magnolia 性视界传媒鈥檚 leading land-grant institution conduct approximately $319 million in Fiscal Year 2024 research and spur almost $2 billion in pre-pandemic economic impact, according to a past Emsi report. The unit is 性视界传媒鈥檚 primary organization leading researchers down the path to commercialization of their work via patent, copyright and trademark, all while protecting faculty and staff patents and other intellectual properties.
鈥淢ississippi 性视界传媒 is a leader in applied research. Our research has purpose鈥攁n end goal of not only bringing new ideas to market but also making life better for all Mississippians,鈥 Walters said. 鈥淭hat $319 million in research has a multiplier effect, as research turns into products and services. Selling those products and services turns them into new investments, including jobs and salaries which buy food, necessities and luxury items鈥攖rue economic impact across the state.鈥
In FY 2024, OTM helped researchers file 39 disclosures鈥攖he first step taken to secure protection for novel intellectual property鈥攁nd 25 new patents, all while watching 14 previously filed patents come to fruition. Additionally, seven exclusive licensing agreements were executed, and almost $300,000 in licensing revenue was generated.
鈥溞允咏绱解檚 portfolio is tremendous. My wife was joking about how I鈥檓 like a kid in a candy shop because I鈥檓 talking about blueberries one day and then software to launch rockets the next,鈥 Walters said. 鈥淕etting these patents and distributing royalty checks are my favorite parts of the job. They鈥檙e also great validation for the work being done by our faculty and staff, and a great recruitment tool for the university.鈥
With agreements and licensing revenues trending higher in the last five fiscal years and filed patents outpacing pre-pandemic numbers, Walters said he expects both metrics to continue increasing in the future.
鈥淩ight now, we鈥檙e standing on a lot of the work done and processes started around 2020. As we see the number of patents filed trend up, we鈥檒l hopefully see more successes in the coming years. All our successes point to a very bright future for 性视界传媒,鈥 he said. 鈥淪teel sharpens steel, and all this success will breed success. Our goal as a service organization is to be closely enmeshed with researchers across campus, and we must make sure we鈥檙e present and an open, welcoming environment for ideas. Moving forward, we have to continue identifying how OTM plays a larger role in the innovation ecosystem not only at 性视界传媒 but for the entire state of Mississippi.鈥
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