Florida Schools: A+ in Commercialization
Top productive Florida research universities
Several Florida universities punch above their weight turning research and innovation into new companies, jobs and economic growth, according to a report by the George W. Bush Institute and the Opus Faveo Innovation Development consulting firm.
In-state heavyweight University of Florida ranked first nationally among large universities in productivity. Indeed, it was one of three universities singled out in the report for a case study on a university doing it right. The University of North Florida scored even higher in relative productivity, ranking ninth nationally among small institutions. The University of South Florida, University of Central Florida, Florida State and the standalone Moffitt Cancer Center also ranked above national medians.
John Kantner, UNF associate vice president for research and graduate school dean said he was pleased but “not especially surprised” by UNF’s showing. He says his tracking of R&D at the university also shows UNF outperforms peers.
The new report factored in how many STEM undergrads and grad students universities crank out along with the output of faculty research. Both helped UNF rank high. He says UNF didn’t come out higher in the top 10 “because we lag a bit around the tech transfer measures” but adds that the university has had growth in that area since the period covered by the report, which concluded in 2017. “We’re, of course, in a different class than UF and UCF, but with our new downtown incubator, new spinoffs and numerous patent applications, we’re seeing a lot of interest in entrepreneurship and innovation,” Kantner says.
The report looked at the 195 institutions that submitted data to the Association of University Technology Managers from 2013 to 2017. To judge innovation impact, the report reviewed commercializations, spin out businesses, intellectual property, tech licensing, numbers of STEM graduates and other measures. To judge productivity, it divided an innovation impact score for each institution by its research spending to see which were the most efficient at converting research money into economic impact. Otherwise, it would be difficult to compare the output of UF ($565 million in annual researching spending) and other individual universities against the University of California system ($5 billion in annual research spending) and University of Texas system ($2.7 billion) — both of which report only on a system-wide basis. UF was No. 6 in overall output, well behind those two systems in output, but bested both in productivity.
“For our size, we move more technologies to the point of impact than anyone else, period,” says Jim O’Connell, assistant vice president for commercialization at UF and director of UF Innovate. “In the simplest sense, that is the ultimate job of all tech transfer organizations, and UF does it really, really well.” UF averaged 123 patents and 15 startups a year from 2013 to 2017, earned an annual average of $36 million in license income and by itself turned out one-third as many STEM doctorates a year as the entire University of California system, even though its research budget is one-tenth the size, the report noted.
Florida Schools: Key Takeaways
Universities with the greatest innovation impact do it intentionally by competing for star faculty, pushing innovation and entrepreneurship across the university, prioritizing research and building strong tech transfer staffs to see research commercialized.
- A number of public universities do as well or better than high-profile private institutions.
- Tech transfer offices run by engineers did better than those run by people with business or other experience.
- The size of a university endowment and its total budget don’t matter to innovation impact and productivity.
- Larger research spending leads to more total output but less productivity, perhaps because larger institutions do more difficult research.
- A larger share of funding by industry partners correlated with less productivity. Many universities have a goal of attracting more corporate money to fund research.
- Taxpayers should support more university research.
- Institutions in larger metros had a greater proportional impact than those in smaller metros. Areas with a larger share of foreign-born population saw more impact and productivity.
Read more in Florida Trend's September issue.
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