UCLA leads the way in research that fosters new businesses

LOS ANGELES — UCLA is a breeding ground for innovation, and the campus has earned its place among the nation’s leaders in converting research discoveries to practical applications that benefit society.

When it comes to launching startup companies based on research by faculty members, UCLA is No. 3 in the nation according to data compiled by the Association of University Technology Managers for the year ending June 30, 2014.

In the past six years, more than 140 startup companies have been formed based on UCLA research discoveries, including 27 that were launched in the fiscal year ending in June 2015. In addition to creating products that benefit the public, the companies create jobs and contribute to the local economy. In fact, a 2013 study produced by UCLA found that startups generated more than 4,400 jobs, $295 million in employee compensation and $108 million in federal, state and local tax revenue annually. In total, UCLA startups contribute a total of $1.1 billion to the economy each year, according to the report.

Source: UCLA

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