Interesting. I thought people went to college to learn, not to work for the school.
Do they get paid to do this sort of stuff too? I know I heard of people working in like the library to help pay down their loans. Just never really thought of colleges owning IP. So just a bit of a surprise to me.
Universities are research centers, not just schools.
Undergraduate students get scholarships for doing research, grad students do research as part of their studies and professors are usually researchers as well.