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will invest in a research laboratory in Los Angeles County to conduct stem cell research to treat amyotrophic lateral sclerosis (ALS).Īnother Year of Stellar Growth in San Francisco The Los Angeles region continues to build up its sizeable and diverse high tech industry, containing established clusters in aerospace, and growing sectors including pharmaceutical and medical manufacturing. With Caltech, UCLA, and the University of Southern California (USC) all ranking in the top 30 of our technology transfer index, it should not be surprising that Amazon placed Los Angeles on its short list of potential locations for its HQ2. Caltech startup firms are typically in the life or physical sciences, including some developing cancer treatments and medical technology. Caltech outperformed all its peers with more than 660 patents issued to the university between 20. The California Institute of Technology (Caltech) placed ninth overall, and was the leading institution on our patents issued indicator, besting far larger schools in creating and protecting new ideas with market value. Chancellor Gene Block has invigorated the school’s commercialization culture since joining UCLA in 2007, a year after Milken’s 2006 analysis of tech transfer placed the university 30 spots lower at 45th in the nation. The University of California, Los Angeles (UCLA) was the top school in the nation for its start-up performance, and was the highest ranked campus in the UC system on our index, placing 15th overall. With varying strengths, the different campuses contribute through technology transfer as well. The University of California (UC) is a key asset to the state in many ways, performing cutting-edge research and educating top talent that graduates to join the local workforce in communities across the state. Los Angeles Universities Turn Research into IP and Startups
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Rising costs are a concern, and after several years of positive net migration, in 2016 more people moved out of the region than moved in. Employment in high-tech industries is still growing, but in service industries outside of tech, job gains are slowing and recent data suggest the region may be nearing a plateau for employment.
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On our 2017 BPC index, the San Jose region dropped to 11th after two years in first place. And biotech continues to lead the way: The 2018 California Life Sciences Industry Report released by the California Life Sciences Association and PwC US in November 2017 found that the Bay Area leads the state with over 72,600 direct life sciences jobs in the metro region - about 14,000 more jobs than second-place Los Angeles. For example, SF Motors is making a major investment in Santa Clara to expand their autonomous vehicle R&D in the area. With a high-quality workforce and access to expert venture capital, the region is able to attract firms exploring new technologies. Human insulin - the first new drug based on Cohen and Boyer’s discovery - was approved for human use in 1982 after Genentech (still a major employer in the Bay Area) invested in follow-on R&D. Unsurprisingly, Stanford University scored well on our technology transfer index and placed fifth overall, benefiting both from its strong connections to Silicon Valley and the entrepreneurial culture in key academic departments.Īs noted in the report, the modern era of university commercialization commenced when collaborative research on recombinant DNA conducted in the 1970s by Stanley Cohen at Stanford and Herbert Boyer at University of California, San Francisco, led to the birth of the biotechnology industry.
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Stanford University at the Heart of Silicon Valley While the Milken Institute’s annual Best-Performing Cities (BPC) index identifies the communities that are creating and sustaining jobs, our research into university technology transfer and commercialization highlights the contributions universities make to the California economy.įor the latest edition of Milken’s “Concept to Commercialization: The Best Universities for Technology Transfer” report, released in April 2017, we looked at patents issued, licenses issued and related income, and startup activity, to get a sense of which institutions were most effectively converting their research into intellectual property with market value and commercial applications. Looking at California and its economic growth in the past five years, it is clear that innovation has provided much of the fuel for its good fortune.