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→Findings
*Universities usually do not take equity in the license
Regression of licensing outcomes (sponsored research, royalties, patents) to stated objectives of the TTO and invention characteristics
*Dependent variables: royalties, sponsored research, patents (new applications), licenses executed
*Independent variables: importance of outcome to TTO, types of inventions, measure of size of university's licensing operation/potential
*Logs of all variables except indicator variables*Probit for frequency of sponsored research*Results:**
====Critiques====
