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The University of Washington is the most innovative public university in the world, according to a new ranking by Reuters released Wednesday. The UW is ranked fourth overall, behind only Stanford, MIT and Harvard.

“Innovation and turning ideas into action are at the center of everything we do,” UW Interim President Ana Mari Cauce said. “This is great recognition of the hard work done by our faculty and students working across all disciplines, and I can’t wait to see what they come up with next.”