UCLA, Eyeing Profits, Entrusts Tech Transfer to Industry Experts

UCLA Will Entrust Tech Transfer to Experts 1

UCLA

Brendan J. Rauw, associate vice chancellor for research at UCLA, says the new foundation to oversee patents and licensing will be strictly monitored.

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UCLA

Brendan J. Rauw, associate vice chancellor for research at UCLA, says the new foundation to oversee patents and licensing will be strictly monitored.

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