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The Academy of Radiology Research featured in Nature Biotechnology journal
Date:6/9/2014

the report, patents generated by NIH-funded research are of particularly high quality and provide a downstream economic footprint that exceeds comparable research funded by the private sector. On average, NIH patents provide the intellectual foundation for 8 additional downstream patents, while biotechnology patents created by private sector entities only spur 1.7 future patents over a similar time period.

"The report in Nature Biotechnology provides empirical evidence that NIH-funded discoveries not only fuel a high level of additional R&D activity, but also that the scientific base for the nation's innovation economy would be significantly diminished without publicly-funded research," said Renee Cruea, MPA, Executive Director of the Academy of Radiology Research.

The report also showed that budget size did not correlate to a higher rate of new inventions. The strongest producer of new intellectual property (IP) was the National Institute for Biomedical Imaging and Bioengineering (NIBIB), the most recent Institute created by Congress and having one of the smallest operating budgets within NIH. Other strong producers were the National Institute of General Medical Sciences (NIGMS), the National Institute of Dental and Craniofacial Research (NIDCR), the National Institute of Arthritis and Musculoskeletal and Skin Diseases (NIAMS), the National Eye Institute (NEI) and the National Cancer Institute (NCI).

Over the last 10 years, NIBIB researchers have created 16 patents for every $100 million in research dollars, compared to 2.4 patents for every $100 million in NIH funding from other institutes. This equates to a cost of just $6 million for each imaging research patent compared to $39 million for one patent in other areas of research. Since patents lead to higher rates of new technologies, companies and jobs, imaging and bioengineering science results in the greatest economic impact from public research funds.

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Contact: Roxanne Yaghoubi
roxanne@acadrad.org
202-347-5872
Academy of Radiology Research
Source:Eurekalert

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