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February 8, 2006

Purdue faculty-entrepreneurs honored at recognition dinner

WEST LAFAYETTE, Ind. — Dozens of Purdue University faculty were honored Feb. 8 during the first Inventors' Recognition Dinner at the Purdue Memorial North Ballroom.

Fred E. Regnier
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The event, sponsored by the Purdue Research Foundation, highlighted the accomplishments of university faculty whose research has already or may soon result in commercial applications. Each of the 16 patents — issued to faculty between July 1, 2004, and July 1, 2005, by the U.S. Patent and Trademark Office — represent a technology that has the potential to impact the marketplace.

"One of Purdue's priorities is to maintain an environment that encourages the development of new products with commercial potential," said Martin C. Jischke, president of Purdue University and the Purdue Research Foundation. "Achieving this requires a combination of creativity, meticulous application of science and technology, and an understanding of the dynamics of a global market. The people honored tonight are leading Purdue's charge to the vanguard of new product development and technology transfer."

In fiscal year 2005, Purdue Research Foundation reported 202 invention disclosures compared with 167 the year before; 109 issued patents, compared with 95 the previous year; and royalty income at $4.68 million, compared with $4.26 million in fiscal year 2004. In the past six years, the university's invention and copyright disclosures have more than doubled. The foundation also reported the creation of six startup companies in 2004 and five in 2005.

As part of the event, Fred Regnier, Purdue's John H. Law Distinguished Professor of Chemistry, was honored with an Outstanding Technology Commercialization Award sponsored by the Central Indiana Corporate Partnership. The award recognizes the 40 patents spawned by research from Regnier's laboratory and entrepreneurial endeavors. These technologies, many now licensed by Indiana companies, have created more than 700 jobs and generated more than $2 million in royalties for Purdue (see related news release).

"The foundation's Office of Technology Commercialization works with researchers to protect their original ideas, assess their commercial potential and promote the development of these inventions," said Joseph B. Hornett, the foundation's senior vice president, treasurer and COO. "Because the patent process can cost betw

Paul Shepson, Head
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