New Rankings of US Research Institutions Reveal Economic Benefits to Host Regions
2022-10-19
Heartland Forward releases new report tracking tech transfer; building on previous research to offer policy suggestions aimed at increasing regional economic outcome
BENTONVILLE, Ark., Oct. 19, 2022 /PRNewswire/ -- Technology transfers – or outputs from research institutions that lead to innovation beyond the walls of academia – are essential fuel for the economic growth of state economies. Building on the insights offered in Research to Renewal: Advancing University Tech Transfer, published in May 2022 and released at the organization's flagship event, Heartland Summit, Heartland Forward's new report From Research to Renewal, Part 2: States Realizing the Potential of Research Institutions provides the first new benchmark comparison for public universities structured as part of a state system and also considers institutions (hospitals, private research institutes and federal labs) that do not grant degrees but are important sources of research and innovation that bolster state economies.
By presenting data that is useful for improving technology transfer and increasing the impact of universities and research institutions on their states' economies, the report supports governors, state agencies and state legislatures – the ultimate guardians of economic development – in making informed decisions about the future.
The rankings
Top 10 State University Systems for Tech Transfer*
University of California System
University of North Carolina System
Arizona Board of Regents
Top 10 Research Institutions for Tech Transfer*
Mayo Foundation Medical Education Research, Minn
Boston Children's Hospital, Mass
Wistar Institute, Penn
U. of Texas Southwestern Medical Center, Texas
Cedars Sinai Medical Center, Calif
Massachusetts General Hospital, Mass
Memorial Sloan Kettering Cancer Center, N.Y.
Cleveland Clinic, Ohio
Dana Farber Cancer Institute, Mass
Brigham Women's Hospital, Mass
Key recommendations
To achieve better outcomes, Heartland Forward recommends:
Renewing the promise of innovation-driven economic growth in the United States through investments in scientific and technological innovation.
Working together to strategically invest and deploy resources as state government and university officials.
Bolstering technology transfer out of regional university research-based centers of excellence.
Encouraging reporting, accountability and greater participation in the Association of University Technology Managers (AUTM) survey by public institutions.
Pooling invention disclosures and patents.
Increasing technology transfer efficiency by adopting best practice in commercialization at technology licensing offices (TLOs).
Using alumni foundation investments as venture capital.
Media Contact: Blake Woolsey, (479) 957-6301, [email protected]
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