August 12, 2013
UCLA, Eyeing Profits, Entrusts Tech Transfer to Industry Experts
The University of California at Los Angeles is one of the nation's top research universities, with scientific inventions generating some $20-million a year in revenues.
But after years of dwindling state resources, UCLA doesn't think that's good enough. And so it plans to get more aggressive.
The university will create a new private foundation—overseen by corporate leaders in fields like medicine, engineering, and finance—that will take control of the university's