Reuters: UMN Sixth in Innovation among US Public Universities
The interdisciplinary Wearable Technology Lab, part of the U of M's College of Design, researches the intersection between apparel and new technology.
The University of Minnesota ranks sixth among US public universities in Reuters’s 2019 list of the World’s Most Innovative Universities.
The global ranking, released in late October, aims to identify the institutions doing the most to advance science, invent new technologies, and power new markets and industries, according to Reuters. This year’s ranking placed the University of Minnesota System, which includes all five of U of M campuses, at 22nd in the world, up from 27th last year. When counting both public and private institutions, the U of M ranks 16th among US universities.
Among the highlights Reuters mentions in its summary of U of M innovation are the record 19 startup companies launched in fiscal 2019 by the Venture Center, part of UMN Technology Commercialization. The article also noted that eight Venture Center-launched startups have been acquired or gone public since 2017.
Looking back further, the article notes that 25 U students and faculty members have earned Nobel Prizes since the University’s founding in 1851, including economist Milton Friedman (1976) and agronomist Norman Borlaug (1970). It also notes that U of M scientists were the first to perform open-heart surgery.
The Reuters rankings were based on the total number of patents filed during a five-year span (2012 to 2017), the success rate describing what portion of the patent filings were ultimately granted patents, and a measure of the institution’s research influence, measured by how often other researchers in academia and private industry have cited them.
See the full 2019 list of the World’s Most Innovative Universities.