Tech Transfer eNews Blog

Report says U of Florida has most productive tech transfer operation among large U.S. universities


By Jesse Schwartz
Published: July 1st, 2020

The University of Florida (UF) is the most productive large university in the U.S. when it comes to spinning out research into products and companies, according to a study released by the George W. Bush Institute and the consulting firm Opus Faveo Innovation Development.

A team of economists and business development experts conducted the study by ranking 195 universities for innovation impact based on the volume of technologies commercialized. Using data from the Association of University Technology Managers and other sources, the authors found that UF was the most productive relative to its total research expenditures. Many similar studies look primarily at gross results without considering relative metrics of productivity.

“For our size, we move more technologies to the point of impact than anyone else, period,” says Jim O’Connell, assistant vice president for commercialization at UF and director of UF Innovate.  “In the simplest sense, that is the ultimate job of all tech transfer organizations, and UF does it really, really well.”

The study found that between 2013 and 2017, UF generated an average of 123 issued patents and 15 start-ups per year. It was also a strong performer in license income, earning an average of $36 million annually, equal to 6.4% of research dollars.

“The report highlights — and rightly so — that UF operates one of the most respected technology transfer offices in the country with the best tech transfer team in the world,” says David Norton, UF’s vice president for research. “But none of this happens without a remarkable research enterprise that is aggressively addressing the significant opportunities and challenges that face our nation and planet.”

In the same vein, the study’s authors conclude that university leaders should prioritize research and recruitment of faculty members while also focusing on technology transfer activities. “One of the key takeaways in the report is that universities should not fear prioritizing technology innovation, commercialization and entrepreneurship,” O’Connell says. “Instead, the impact of innovation is synergistic with the research and teaching mission of universities and improves performance overall.”

E-News readers can download the full report here.

Source: University of Florida News

Posted under: Tech Transfer e-News

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