Laying a foundation for startup success is one of the main missions of Arizona State University’s technology transfer arm, Arizona Technology Enterprises. They’ve propelled several startups into the future, such as 4Blox, SynSonix and PetroAlgae, and now they’re being recognized for their work.
AzTE was ranked highly by the Association of University Technology Managers for the third year in a row for its success with startups and patents. The organization works to help researchers develop inventions, form them into products and companies through their venture catalyst program, and protect intellectual property.
ASU placed highly among large research institutions at 3rd for invention disclosures, 7th for startups, 8th for licensing agreements and 12th in patents received in Fiscal Year 2013, according to a press release. The results come from AUTM’s survey of about 200 research hospitals and universities.
Related: ASU’s Startup Village is a cul-de-sac of entrepreneurship
“These rankings are a testament both to ASU’s entrepreneurial faculty and AzTE’s commitment to the rapid dissemination of university discoveries and inventions into the marketplace,” said Sethuraman Panchanathan, ASU’s senior vice president for Knowledge Enterprise Development.
Between 2009 and 2013, ASU grew its research spending by 60 percent while other institutions experienced funding issues during that period.
“ASU President Michael Crow’s vision for the New American University gave AzTE the mandate to upend the traditional tech transfer model,” said Augie Cheng, AzTE’s managing director and chief legal officer. “We engage with faculty through the entire university, operate on industry’s accelerated timeframe, and offer substantial support to ASU inventors through our collaborations with Entrepreneurship and Innovation at ASU.”
Read: Arizona’s universities get down to business and rise in national rankings
The university’s internal metrics also mark this as a record year for the organization in several categories, according to a press release. Let us know what you think of ASU’s placement in the comments or social media!
