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UT ranked 66th in nation for technology transfer, commercialization

The University of Toledo is ranked 66th in the nation by the Milken Institute’s Center for Jobs and Human Capital in its list of Best Universities for Technology Transfer.

The 2017 report focuses on innovative discoveries at public and private research universities that lead to new products and a rise in entrepreneurial success and regional economic impact through job creation and growth.

The ranking measurements include a four-year average of research expenditures, patents, licenses executed, licensing income and start-up companies. The University Technology Transfer and Commercialization Index uses data from 2012 to 2015.

In fiscal years 2012 through 2015, the University received 258 invention disclosures and entered into 59 option or license agreements. Eleven start-up companies were established to commercialize UT technology.

“I was pleased to see the University was ranked in the top 75 Best Universities for Technology Transfer by the Milken Institute,” Stephen Snider, UT associate vice president of technology transfer, said. “This wouldn’t be possible without the participation of faculty, staff and students throughout the institution who help our office to protect and transfer novel innovations to the commercial marketplace.”

According to the report, “More than 1,000 firms were launched in fiscal year 2015 through [technology transfer offices] at research universities, with more than 70 percent of start-ups located in the same state as the affiliated university.”

“The University of Toledo’s Technology Transfer Office has been one of the top performers in the state for many years under the leadership of Stephen Snider,” Dr. Frank Calzonetti, UT vice president of research, said. “We are proud to support faculty and students who are coming up with creative ways to solve problems and helping generate high-tech jobs.”

Ohio State University is ranked No. 55 on the Milken Institute’s list. Ohio University is ranked No. 113 and University of Dayton No. 200. The University of Utah is No. 1.

For the entire report, click here.