SALT LAKE CITY, Dec. 17, 2010 ? The University of Utah overtook MIT to become America's No. 1 research institution when it comes to creating startup companies based on university technology, and it achieved the top ranking with a fraction of the research budget of other major universities.
The ranking, for 2009, is the result of the latest annual survey by the Association of University Technology Managers (AUTM) of the nation's top research institutions. A year earlier, the University of Utah tied for first place with the Massachusetts Institute of Technology, and was second to MIT for the previous two years.
The 19th annual "AUTM Licensing Activity Survey" ranked 181 public and private research institutions throughout the country. According the AUTM, the University of Utah created 19 companies based on university research in 2009, while MIT and the California Institute of Technology tied for second with 18 companies each.
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