Moreover, the following factors promote enhancing of university technology transfer and the generating more licenses and license income (Friedman and Silberman 2003):• Providing greater rewards for faculty involvement in technology commercialization (amount of royalty income allocated to the inventor).• Location of the university in a region with a relatively high concentration of technology firms.• Clear university mission and objectives in support of technology commercialization.• Experience of the university’s technology transfer office (age of TTO) (see more Friedman and Silberman 2003).