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UMass among top universities with highest licensing revenue per research dollar spent

Ranks 11th nationally and 1st in New England

The University of Massachusetts ranked 11th on a list of US universities with the highest licensing revenue for every $1 million it spent on research, according to an analysis of data over a 20-year period from the Association of University Technology Managers (AUTM). UMass also had the best record of any university in New England.

``We know the University of Massachusetts is a national leader in generating income from the commercialization of its academic research,'' said UMass President Robert L. Caret. ``But this is the first time we've seen a dollar-by-dollar analysis of data over a period of time that underscores our success in converting research into products that are sold in the marketplace and that produce licensing revenue for the university. It is an acknowledgment of the high quality of the research taking place on our campuses.''

The analysis was conducted by the Chronicle of Higher Education, which compiled the list based on a review of AUTM data between 1991 and 2011. Not every higher education institution reports data to AUTM every year, and institutions with fewer than three years of reported data were excluded from the Chronicle's analysis.

But the analysis found that UMass was 11th on a list of 26 universities with the highest licensing revenue per $1 million spent on research, a remarkable achievement considering the fact that the university did not start commercializing its research until 1996.

"Research is important, for its own sake, because it expands the boundaries of human knowledge and fuels progress," President Caret said. "But research also plays a critical role in driving our economy, as it leads to discoveries that create new products and new jobs. This new analysis demonstrates that UMass and the Commonwealth of Massachusetts are receiving a remarkable return on investment in this area. We should be proud to see the University of Massachusetts ranked right alongside the nation's innovation leaders."

Average research expenditures at UMass totaled nearly $400.8 million annually over the 20-year period and generated $79,732 in licensing revenue every year for every $1 million spent on research, not adjusted for inflation, according to the analysis. The University of Massachusetts is an acknowledged national and global leader in research areas that include renewable energy, nanotechnology, life sciences, and marine science.

UMass ranked ahead of Yale University, Dartmouth College, and Massachusetts Institute of Technology, which placed 24th, 25th, and 26th, respectively. New York University led the list, followed by Wake Forest and Northwestern universities.

The complete list is as follows:

 

Institution

 

 

Licensing revenue per $1-million spent on research

 

 

Average annual research expenditures

 

 

New York U.

 

 

$510,165

 

 

$236,238,917

 

 

Wake Forest U.

 

 

$254,993

 

 

$109,953,834

 

 

Northwestern U.

 

 

$254,106

 

 

$279,535,499

 

 

Columbia U.

 

 

$239,968

 

 

$377,171,741

 

 

Emory U.

 

 

$155,806

 

 

$274,429,574

 

 

Brigham Young U.

 

 

$142,237

 

 

$19,889,011

 

 

Florida State U.

 

 

$131,847

 

 

$154,989,422

 

 

Princeton U.

 

 

$105,736

 

 

$98,703,454

 

 

Stanford U.

 

 

$98,018

 

 

$486,115,984

 

 

U. of Rochester

 

 

$94,480

 

 

$263,568,878

 

 

U. of Massachusetts

 

 

$79,732

 

 

$400,772,718

 

 

Eastern Virginia Medical School

 

 

$78,256

 

 

$34,569,835

 

 

U. of Florida

 

 

$77,425

 

 

$339,047,774

 

 

Ohio U.

 

 

$69,217

 

 

$23,859,190

 

 

U. of Minnesota

 

 

$66,334

 

 

$443,721,680

 

 

Michigan State U.

 

 

$64,876

 

 

$257,168,043

 

 

Tulane U.

 

 

$58,814

 

 

$107,688,624

 

 

Loyola U. of Chicago

 

 

$50,505

 

 

$31,992,779

 

 

U. of Wisconsin-Madison

 

 

$48,987

 

 

$640,244,209

 

 

Mount Sinai School of Medicine of NYU

 

 

$48,770

 

 

$218,317,870

 

 

U. of Washington

 

 

$47,792

 

 

$678,437,544

 

 

U. of Utah

 

 

$44,641

 

 

$233,325,018

 

 

Yale U.

 

 

$42,112

 

 

$262,999,333

 

 

Dartmouth College

 

 

$40,782

 

 

$113,632,437

 

 

Massachusetts Institute of Technology

 

 

$40,588

 

 

$864,923,333

 

 

 

 

 

Source: Chronicle of Higher Education analysis of Association of University Technology Managers data

 

 

Contact: Ann Scales, 617.287.4084; Robert P. Connolly, 617.287.7073

 

 

8/19/13

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Communications Staff Directory

Robert P. Connolly
Vice President for Strategic Communications and University Spokesperson
617.548.0238 (cell)
617.287.7073 (office)
rconnolly@umassp.edu

Ann Scales
Director of Communications
617.838.3963 (cell)
617.287.4084 (office)
ascales@umassp.edu

JoAnn Conley
Communications Coordinator/Writer
617.287.5538 (Office)
jconley@umassp.edu

Jan Brogen
Senior Writer
617.287.4027 (Office)
jbrogen@umassp.edu

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