![An illustration of a paper airplane with the number 2,753](/https/techlaunch.arizona.edu/sites/default/files/styles/az_card_image/public/2023-08/2753%20Invention%20Disclosures.jpg.webp?itok=AjEXAo5X)
Why are invention disclosures such an important measure of success for a technology commercialization operation?
![An illustration of a woman with a large magnifying glass and the number 537](/https/techlaunch.arizona.edu/sites/default/files/styles/az_card_image/public/2023-08/537%20licensess%20and%20options.jpg.webp?itok=sUtNFZiJ)
Licenses – both exclusive and non-exclusive – are the mechanism whereby we move technology from the university into the hands of people and companies who can bring it to the world as products.
![An illustration of a rocket and the text, "135 total startups"](/https/techlaunch.arizona.edu/sites/default/files/styles/az_card_image/public/2023-08/135%20startups.jpg.webp?itok=cPsHy4oA)
Startups are new companies formed to commercialize UArizona inventions. They also add jobs and create other beneficial economic impacts.
![An illustration of books and the text, "615 total U.S. patents issued"](/https/techlaunch.arizona.edu/sites/default/files/styles/az_card_image/public/2023-08/615%20patents.jpg.webp?itok=MESEOlrr)
Protecting inventions through intellectual property increases the opportunity for them to affect people's lives and maximizes the chance for a product to be unique in the marketplace.
![An illustration of a man with a briefcase and the text, "2,500 jobs supported"](/https/techlaunch.arizona.edu/sites/default/files/styles/az_card_image/public/2023-08/2500%20jobs.jpg.webp?itok=eFOUDJCv)
Through the end of June 30, 2021, TLA activities generated thousands of high-tech sector jobs.
![An illustration of 3 people talking with abstract conversation balloons and the text, "$1.6B in economic output"](/https/techlaunch.arizona.edu/sites/default/files/styles/az_card_image/public/2023-08/1-6B%20output.jpg.webp?itok=JqCFsRD1)
Between FY2017 and FY2021, TLA and its related activities generated an economic output of $1.61 billion.
A Selection of Products and Companies Based on UArizona Technologies
Trifocal intraocular lens |
James C. Wyant College of Optical Sciences |
High-performance and endurance for flash memory |
College of Engineering |
Helping the legally blind to see |
James C. Wyant College of Optical Sciences |
Creative storytelling through shared video |
College of Agriculture & Life Sciences |
Traffic congestion management |
College of Engineering |
Online deception detection |
Eller College of Management |
Bringing math and science to life through sports |
College of Engineering |
Interactive tutorials for using web content |
UArizona Libraries |
Medication management |
College of Pharmacy |
Interested in learning how your company can benefit from a collaboration with the University of Arizona? Contact us.
Creating Economic Impact for Arizona
A recent report produced by the Rounds Consulting Group indicates that startups and business generated through Tech Launch Arizona supported over 2,500 jobs and $561 million in labor income between FY2017 and FY2021. The report also indicates that TLA has produced over $1.6 billion in economic activity since 2016, according to the report.
Check out the results of their study
![Economic Impact FY 17 - FY 31](/https/techlaunch.arizona.edu/sites/default/files/styles/az_large/public/2022-06/2022%20Impact%20Report%20Infographic_0_0.jpg.webp?itok=1ThWGSDN)
The image above depicts the top findings of the report, which indicate that between July 1, 2016, and June 30, 2021, TLA activities generated: $1.61 billion in economic output, $561 million in labor income, and $59 million in tax revenues.
It also shows how the report projects that from fiscal year 2022 through 2031, TLA activities will create an additional 1,000 jobs, bringing the total employment count to 3,500 jobs and generate: $4.7 billion in economic output, $1.6 billion in labor income, and $172 million in tax revenues.