Research to Renewal: Advancing University Tech Transfer
Heartland Forward releases its report ranking Universities' ability to turn research and discovery into private industry yielding an economic return
BENTONVILLE, Ark., May 13, 2022 /PRNewswire/ -- Today, Heartland Forward released its most recent research report, Research to Renewal: Advancing University Tech Transfer. The report was released during Heartland Forward's flagship event, The Heartland Summit, which brings together leading thinkers, innovators and investors, creating powerful networks to forge paths of progress and turn great ideas into action.
The report evaluates which universities are most accomplished at creating new knowledge; embedding it in their science, technology, engineering and mathematics (STEM) graduates; and transferring both to new and existing enterprises. Research and discovery are fundamental objectives of universities, but they must be absorbed and infused into private industry to yield an economic return on the investment.
For formal commercialization and tech transfer of intellectual property, metrics include:
Ross DeVol, president and CEO of Heartland Forward said: "The graduation ceremony at American universities is the biggest single annual technology transfer. While all forms of university education are valuable, this evaluation incorporates the number of STEM graduates with bachelor's and master's degrees and their proportion of total degrees. It stands to reason that many of the top-performing research universities are among the elite institutions in the U.S and e are proud to release this list, which comprehensively tracks how our American universities are doing in this critical work. We believe that states, cities and rural areas can more effectively partner with universities in their pursuit of prosperity. Correctly channeled, this approach can create jobs paying top 5% incomes, as well as a wide variety of middle-income jobs, and be inclusive. The definition of the American Dream."
Maryann Feldman, the Heninger Distinguished professor in the Department of Public Policy at the University of North Carolina said: "This report takes an in-depth look at the transfer activities of universities across the United States and provides data, insights, and recommendations that will help schools increase their impact on the communities they serve. Our hope is that with this data more universities will invest in the tools necessary to expand crucial technology transfer activities and that policymakers too will step up to the plate in encouraging and supporting these investments."
University of Minnesota Interim Vice President for Research Michael Oakes said: "The University of Minnesota is proud to be recognized by Heartland Forward as the highest-ranked heartland university and fifth among public universities nationwide. We are home to innovative researchers in many key fields—from medicine to material science to horticulture to education—and we have worked intentionally to build an equally creative technology commercialization team and a corporate engagement center to cultivate entrepreneurialism within and simplify cooperation with external companies. Coinciding with this release of this report, and consistent with its findings, we recently achieved a key milestone of launching our 200th startup company since 2006. In the last decade, we have also listened to our students and employers in our region, and expanded many STEM offerings. All of that lives up to our tagline, Driven to Discover, and our commitment to research that has real impact."
The report was officially unveiled during the panel discussion, entitled: Opportunity of a Lifetime: Seizing the Moment to Modernize Education and Workforce Training. Panelists included: Ross DeVol, president and CEO of Heartland Forward; Maryann Feldman, the Heninger Distinguished Professor in the Department of Public Policy at the University of North Carolina; Kathleen McLaughlin, executive vice president and chief sustainability officer for Walmart, Inc., and president of the Walmart Foundation; Noa Meyer, head of philanthropy and social impact of BDT & Company; Michael Oakes, vice president for research at the University of Minnesota; Elisa Villanueva Beard, CEO for Teach for America.
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CONTACT: Erika Tannor, [email protected] 917-626-2487
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