UF first among US public universities in tech transfer for economic return

UF News by Blake Trauschke

The University of Florida is one of the best universities at moving new discoveries from the lab and into the real world through research commercialization and STEM graduates, according to a study by Heartland Forward.

The report, “Research to Renewal: Advancing University Tech Transfer,” was produced by Heartland Forward, a nonpartisan, nonprofit organization that describes itself as a “think and do tank focused on improving economic performance in the center of the United States.” It evaluated American universities based on their success at infusing discoveries into private industry to yield an economic return.

The report is the latest accolade for UF tech transfer. In 2020, for the third time, the International Business Innovation Association awarded its highest honor – the Randall M. Whaley Incubator of the Year award – to UF Innovate | Sid Martin Biotech, naming it the best incubator in the world. And in 2017, UF ranked third among all research universities in the country, according to the Milken Institute’s ranking of Best Universities for Technology Transfer.

UF BME:

With advances in biomedical technologies and the need to have diverse and interdisciplinary knowledge for the commercialization of developed technologies and devices, the J. Crayton Pruitt Family Department of Biomedical Engineering’s program is highly attractive to students with an undergraduate degree in engineering or sciences.

At the heart of the department’s many collaborative efforts lie clinicians’ desire to offer new and better solutions to their patients and engineers’ passion for applying their knowledge to solve critical health and medical problems.

UF BME lifetime total of inventions, patents and startups:

  • The number of invention disclosures: 359 unique disclosures 
  • The number of patents filed443 
  • The number of patents issued: 238 
  • The number of license/option agreements completed: 87 
  • Lifetime total of startups from BME: 23