The PVMI Board has agreed to a $300,000 contribution to the Tri-State University Research and Breeding Program. The money comes from royalties collected this year. Combined with two returns of $100,000 each for the previous two years, PVMI has generated $500,000 for the Tri-States Research and Breeding Program during the past three years.
Since January 2006, PVMI has collected more than $1.35 million in license and royalty fees. Licensing fees account for 22 percent of the total, and royalties account for 78 percent.