Milken Institute report notes strong positive impact on Los Angeles economy
UCLA is No. 1 in the nation when it comes to the number of startup companies launched as a result of campus research, according to the rankings by the Milken Institute, an independent economic think tank based in Santa Monica. The report, published today, also ranks UCLA No. 15 overall when it comes to commercializing university technology.
This represents a jump of 30 spots since 2006, which was the last time the index was produced. The report is based on data provided by the Association of University Technology Managers annual licensing activity survey, and specifically uses four-year averages (2012–2015) for four key indicators of technology transfer success: patents issued, licenses issued, licensing income and startups formed.
“We’re excited to learn about these results,” said Amir Naiberg, associate vice chancellor of the UCLA Technology Development Group and CEO and president of UCLA Technology Development Corporation. “The entrepreneurial culture at UCLA and the relationships TDG builds with investors will continue to drive the local economy and benefit the public with cutting edge products.”
The full story by Rebecca Kendall is available at the UCLA Newsroom.
Photo: Eric Hoek, UCLA professor of environmental engineering, holds a vial of nanoparticles (left) and a piece of his revolutionary new desalination membrane.
Photo by Don Liebig/UCLA