Last week, the Milken Institute, a California think tank, released a new report that ranks more than 200 universities across the country according to “technology transfer,” a school’s ability to turn its research into actual products or research-driven startups.
The report “Concept to Commercialization: The Best Universities for Technology Transfer” ranked the University of Pennsylvania as the sixth best university in the nation for technology transfer, up from 12th in 2006. In other words, Penn does a great job of turning its research into revenue, tangible products and actual jobs.
The research institutions were evaluated through an index of four key indicators: patents issued, licenses issued, licensing income, and startups formed. The report also looked at each institution’s total research funding.
Penn’s indexed score in the study was 95.39, and the school’s consistent performance across all indicators is what contributed to its high placement, the authors wrote. And a recent reorganization at the school streamlined its tech transfer efforts. In 2014, the Penn Center for Innovation consolidated Penn’s technology transfer office and other programs relating to commercialization and startups. Read more »