UGA Ranks First For Commercial Products To Market
In a survey conducted by The Association of University Technology Managers (AUTM), the University of Georgia (UGA) has been ranked first out of 193 US institutions for the number of commercial products to make it to market in 2017. It also ranked 4th for the number of new intellectual property licenses to industry.
UGA released 52 new products last year, with 175 companies built on UGA research and 1,300 jobs created through research innovation. In second place, the University of Michigan released 37.
The University has developed strategies like expanding their partnerships with industry in order to encourage an innovative culture and create research-based products. Much of the income from licensing new products goes back into internal grant funding initiatives. In the last five years, R&D expenditure has increased by 29 percent to $455 million, increasing UGA’s ranking from 64 to 53.
Products developed included new plant varieties, a poultry vaccine and soil remediation products.