PROVO, Utah -- In an effort to attract dollars, prestige, and top-notch staff, universities have long pushed to commercialize faculty research. That has helped institutions from Massachusetts Institute of Technology to Stanford become hotbeds of entrepreneurialism. The most surprising success, though, may be Brigham Young University.
The Mormon university now ranks first in the country in the number of startups, licenses, and patent applications per research dollar spent, according to the Association of University Technology Managers. BYU-licensed technology led to the creation of nine new companies last year on a research budget of roughly $30 million. Stanford, with a budget of $1.1 billion, spawned the same number of startups.
Original Article: MormonTimes - Business Week lists BYU as entrepreneur factory
See the Business Week pdf here
