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Illinois Universities Get Better at Capitalizing on Research

from Chicago Tribune

Illinois universities are commercializing more of their research through technology licensing and startup formation, but they continue to lag academic institutions in states such as California and Massachusetts, according to a new Illinois Innovation Index report. The index, put together by groups such as the Chicagoland Chamber of Commerce and the Illinois Science & Technology Coalition, is released monthly and covers a different topic in each installment. The August report, released Wednesday, focuses on technology transfer at Illinois universities. The data show that Illinois academic institutions issued 142 technology licenses to companies in 2010, the latest year for which numbers were available. That's the most in a decade and an increase from 111 in 2009. This 2010 number, however, is dwarfed by Massachusetts schools' 494 licenses and California's 461. Other states outstripping Illinois included North Carolina, whose universities issued 237 licenses in 2010, and Texas, which boasted 296 for the year. more

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