WEST LAFAYETTE, Ind.--(BUSINESS WIRE)--Purdue University ranks 16th in the world among universities granted U.S. utility patents in 2014, according to a report from the National Academy of Inventors (NAI) and the Intellectual Property Owners Association (IPO).
This ranking is up from last year's spot of 27th. In 2014, Purdue had 93 U.S. utility patents issued.
"We set out two years ago to make Purdue ‘Entrepreneur U’ by lowering every barrier and providing any support we could identify to enable our world-class faculty to move their research from lab to market,” said President Mitch Daniels. “This ranking joins other developments, such as back-to-back years of record startup companies, as markers of real progress in becoming an economic engine for Indiana and the nation.”
The patents issued to Purdue represent innovations from nearly all of its core research areas. A center of interdisciplinary research is Purdue's Discovery Park and commercialization activities take place in the Burton D. Morgan Center for Entrepreneurship.
"Inventions and patents are a direct result of Purdue's growing research enterprise. Purdue has more than 400 research laboratories and 139 research centers and institutes where researchers, staff and students are working together to develop innovations," said Suresh Garimella, executive vice president for the Purdue Office of Research and Partnerships. "As a 21st century land-grant institution we are committed to improving lives through research and collaborations with private and public entities. This also is noted in the esteemed researchers at Purdue who are members of the National Academy of Inventors."
Purdue's intellectual property is protected through the Purdue Research Foundation Office of Technology Commercialization.
"Our technology commercialization team works closely with Purdue innovators to file disclosures, generate issued patents and assist in moving technology to the market, and it is a successful model. This year more than 240 innovations will be licensed to corporations and startups," said Chad Pittman, vice president for the Office of Technology Commercialization. "Strong interest from faculty, staff and students and the new policies we have enacted to ease the disclosure and patent process have encouraged more patent filings and startup creation."
Rebecca Kramer, assistant professor of mechanical engineering, was named to the 2015 Forbes 30 under 30 list for her research and patent filing in manufacturing.
"I have several provisional patents filed and am in the process of preparing full applications," Kramer said. "I appreciate the assistance I have received from Purdue in writing, filing and securing patents for my work. Based on the research I have observed at the university, I am not surprised that Purdue has ranked so high globally in patent activity."
The NAI and the IPO based the report on data obtained from the U.S. Patent and Trademark Office. They compile the rankings annually by calculating the number of utility patents granted by the U.S. Patent and Trademark Office, which lists a university as the first assignee on the printed patent.