UCLA has an outside sponsored research budget of about 1.2 billion dollars a year, which makes us probably the number one public university. I’d estimate that we have about 2,000 faculty inventors. We should be converting our inventions into new start-up companies and in licenses to establish companies at a much higher rate than we are now.
“When UCLA Vice Chancellor for Research, James S. Economou and Kathryn A. Atchison, D.D.S, M.P.H., UCLA’s Vice Provost, Intellectual Property and Industrial Relations decided to commisson a study of the university’s current methods for fostering entrepreneurship, it’s of no surprise they turned to UCLA Anderson, where fostering entrepreneurship and entrepreneurial thinking is one of the pillars upon which the school’s approach to management education is built. It’s also no surprise that they asked Professor Wiliam Ouchi to do the research and write the paper, asking him to “study our current successes, what is being done elsewhere, and what we might do or change to improve upon our current way of handling discoveries and inventions…”