VCU ranked in nation’s Top 100 for university utility patents for second year
For the second year, the National Academy of Inventors has ranked Virginia Commonwealth University among the Top 100 universities in the U.S for utility patents granted. The ranking recognizes VCU’s research culture of innovation and commitment to solving real-world problems.
“VCU’s continued rank as a Top 100 university for utility patents is a testament to our transdisciplinary approach to research,” said P. Srirama Rao, Ph.D., vice president for research and innovation. “This recognition from our peers at NAI shows that VCU is a place for innovation. At no other time in the university’s history have our researchers been more widely recognized for their contributions to transformative innovation.”
With 13 utility patents granted in 2023, VCU ranked No. 98 on the NAI’s national list. The year before, VCU was ranked No. 86, with 17 utility patents granted.
Led by TechTransfer and Ventures, VCU helps commercialize campus inventions for the benefit of the public. These efforts foster a culture of innovation and entrepreneurship at the university and promote industry collaborations and new venture creation. For fiscal year 2023, the team recorded 29 new licenses, filed 165 patents and generated close to $3 million in licensing revenue.