News

Check out market updates

Arizona State University cracks top 10 in international patent rankings

Arizona State University was awarded 130 patents in 2018, propelling the school into the top 10 of all universities awarded patents worldwide.

ASU jumped seven spots to tie with University of Michigan for the 10th position on the rankings, according to a new report from the U.S. National Academy of Inventors and the Intellectual Property Owners Association. The annual report uses data from the U.S. Patent and Trademark Office and illustrates the importance of patents in university research and innovation.

The University of California system topped the list for the second year in a row with 526 patents, with Massachusetts Institute of Technology and Stanford University rounding out the top three.

The University of Arizona also made the list, reaching the 66th spot with 37 patents.

“The top 10 world ranking in patents is a reflection of ASU’s vibrant, innovative and entrepreneurial culture with a focus on impacting society,” said Sethuraman Panchanathan, executive vice president of Knowledge Enterprise Development and chief research innovation officer at ASU, in a statement.

Among the patents awarded to ASU in 2018 were technologies for flexible batteries, microchip-based technology to diagnose cancer in dogs and a device that will immediately track the user’s metabolism.

“This shows what can be accomplished when you empower the academic community to engage in use-inspired research focused on societal challenges,” Panchanathan said in the statement.

By Lindsay Walker – Editorial Intern, Phoenix Business Journal