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University of Montana wants more money for research, patents

Despite receiving less research funding last year than in 2010, the University of Montana is pushing for more grants to fund research in hopes of doubling the number of patented products the University creates.

According to a report released at the Montana Board of Regents meeting last week, the University received nearly $64 million in grants during 2011, while it received nearly $67 million in 2010.

Vice President Bob Duringer and Joe Fanguy of the Research & Development office at UM spoke at a University Council meeting Tuesday urging UM to request more money in areas such as biological science and chemistry. Last year, the University created five intellectual property licenses, or patents, from the grant money received, but Fanguy said that with extra capital they could produce about 10-12 patents per year.

By Tom Holm

Full Story: http://www.montanakaimin.com/news/um-wants-more-money-for-research-patents-1.2750497#.Tx_5BPmd6So

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