When it comes to spawning technology startups out of academia, the University of Utah is tops.
The University of Utah overtook the Massachusetts
Institute of Technology (MIT) to become America’s number one research
institution when it comes to creating startup companies based on
university technology, and it achieved the top ranking with a fraction
of the research budget of other major universities.
The ranking, for 2009, is the result of the latest
annual survey by the Association of University Technology Managers
(AUTM) of the nation’s top research institutions. A year earlier, the
University of Utah tied for first place with MIT, and was second to MIT
for the previous two years.
The 19th annual “AUTM Licensing Activity Survey”
ranked 181 public and private research institutions throughout the
country. According to AUTM, the University of Utah created 19 companies
based on university research in 2009, while MIT and the California
Institute of Technology (Caltech) tied for second with 18 companies
each.
“This is an amazing accomplishment,” said Jack Brittain, vice president of Technology Venture Development at the University of Utah,
in a statement. Brittain’s department oversees commercialization
activity at the University of Utah. “Now we are first in the country.
The ranking shows that the University of Utah is one of the leading
research universities in the country. We have incredible faculty and
staff to help them turn their inventions into viable companies, and we
hope the ranking is a sign of even better things to come.”
Utah has long been known as a hotbed for
technology companies, going back to 1979 with the founding of Novell,
which is perhaps granddaddy of all Utah tech companies, followed by big
names such as WordPerfect Corp., Iomega, Folio Corp., and Caldera
Systems (later known as SCO), among others. More recent companies
launched in Utah’s so-called “Silicon Slopes,” include: Vehix.com,
NextPage, Cogito, Altiris, Bungee Labs, Move Networks, Overstock.com,
Omniture, iBAHN, and Solera Networks – some of which have been acquired
In 1982, James (“Jim”) Clark, a University of Utah graduate, founded Silicon Graphics (SGI) and went on to found Netscape.
Meanwhile, among the list of startups that came
out of the University of Utah during the period in which it gained
number one status for startups are:
- Key 2 Safe Driving -- commercializing a
cost-effective device that automatically restricts texting and cell
phone usage while driving.
- www.key2safedriving.net
- Blackrock Microsystems -- a new entity that
provides enabling tools for the neuroscience, neural engineering and
neuroprosthetics research and clinical community worldwide. www.blackrockmicro.com
- Wastewater Management Solutions -- manufactures a wastewater digest, "Poo-Gloo," for lagoons and municipalities. www.wcs-utah.com
Moreover, in total, the 2009 AUTM survey shows
that the 181 institutions surveyed created 596 startup companies in
2009 – an average of almost four for each university.
The 10-campus University of California system had
47 startup companies, and the nine-university system of the University
of Texas system had 22. However, those figures were not broken down by
the number of startup companies per campus, and the average is far
below Utah’s 19 startups, University of Utah officials said in a press
release about its success with startups.
Other top institutions in the 2009 AUTM survey
included: University of Kentucky Research Foundation (14 startups),
Columbia University (13) and the University of Colorado (11). And the
following institutions had 10 startups in 2009: Carnegie Mellon
University, Johns Hopkins University, Purdue University, University of
Florida and University of Washington.
“We are very proud to be ahead of so many
prestigious institutions,” said Brian Cummings, director of the
Technology Commercialization Office, which manages all patents and
intellectual property for the University of Utah. “Our ranking shows
that our many programs and services that support technology
commercialization are working, but a lot of the credit goes to our
exceptional faculty and academic departments. To create a viable
company, you must first have a unique invention, and we have a surplus
of them. Our faculty members file more than 200 inventions every year,
and many of those are turned into patents.”
The University of Utah’s ranking is more
significant when considering the amount of research money spent at the
university compared to other institutions, U. of Utah officials said.
The University of Utah recorded $355 million in research expenditures
in 2009, while MIT had $1.375 billion and Caltech had $521 million. In
other words, MIT spent about four times more than Utah on research in
2009, and Caltech spent 47 percent more.
“It’s incredible what we have been able to
accomplish with the amount of money that we spend,” added Brittain,
also in a statement. “I guess it shows that the Utah model for
commercialization is working. We have had many universities from across
the country visiting us in recent months, and they all want to know how
we are doing so well at creating startup companies and licensing our
technologies. A lot of it comes down to the culture of innovation we
have in Utah. The faculty and staff at the University of Utah have made
commercialization a priority, and the results speak for themselves.”
The University of Utah made a major commitment to
technology commercialization and creating startup companies in 2005,
when it created the Office of Technology Venture Development and
installed Brittain as the first university vice president overseeing
the office, the university said. Since then, the university has
launched more than 100 startup companies, which represents a large
spike in commercialization activity, university officials said.
“We believe that technology commercialization is a
vital part of economic development, and we are proud to be contributing
to economic growth at the local and national level,” Brittain said.
“Many of our startups begin to grow and create jobs in a very short
time, and some of our oldest startup companies now employ hundreds of
people in our region.”
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