Study Rates UC in Top Tier for Tech Transfer
Among universities worldwide, the University of California system averaged the highest level of licensing income annually from its research discoveries in biotechnology, according to a recent study of biotech knowledge transfer.
The Milken Institute study, “Mind to Market: A Global Analysis of University Biotechnology Transfer and Commercialization,” found that from 1997 to 2003, the UC system was the most successful university in licensing income from its discoveries and inventions, a total average of about $100 million per year, followed by Stanford University ($50 million) and MIT ($33 million).
Among U.S. and Canadian universities, UC is runner-up behind MIT in turning knowledge into commercially viable products and start-up companies. UC produces the second-highest number of start-up businesses, approximately 20 a year.