Indiana University Research and Technology Corporation seems to be on a roll: a record number of issued U.S. patents last year, a 72 percent increase in licensing agreements and now $7.03 million in generated revenue in 2015-2016, representing the third consecutive year-over-year increase.

In a news release distributed September 21, IURTC’s Marie Kerbeshian noted businesses across all industrial sectors are finding increased value in commercializing inventions by Indiana University researchers. She credits the work of those inventors and the technology managers at IURTC. But despite the excellent year that IURTC had in 2015-2016 with increased metrics and record totals, the overall goal is much different:

“The greatest results are when IU innovations reach the market and strengthen the lives of people around the world,” said Kerbeshian, VP of Technology Commercialization.

Read the news release here. And remember, statistics are only a small part of the story.