 By: Lisa Craig, University of Akron Media Relations The University of Akron is listed in a new report, Top 100 Worldwide Universities Granted U.S. Utility Patents in 2017. UA is ranked 60th with 43 patents, and is the top ranking public university in Ohio. The rankings, compiled by the National Academy of Inventors (NAI) and Intellectual Property Owners Association (IPO), were based on data obtained from the United States Patent and Trademark Office (USPTO). “Our faculty are innovative and produce quality intellectual property — we are pleased to receive this recognition,” said Dr. George Chase, president of The University of Akron Research Foundation (UARF) and our director of STEM research. “Past and current administrations should be credited with fostering an environment that supports and encourages creative research.” Patents take on average five to six years to issue from the date of filing. Faculty innovation recognized “We are ecstatic that UA, which is renowned for its global leadership in technological sciences and innovation, has been recognized by the NAI and IPO,” said Kelly Bialek, our IP manager. “The flow of invention disclosures from our distinguished faculty enrich our innovation ecosystem at UA and throughout the region.” The NAI and IPO have published the report annually since 2013 to highlight the vital role patents play in university research and innovation. The report ranks the top 100 universities named as the first assignee on utility patents granted by the USPTO during the 2017 calendar year. A utility patent is a patent that covers the creation of a new or improved — and useful — product, process, or machine. A utility patent, also known as a “patent for invention,” prohibits other individuals or companies from making, using, or selling the invention without authorization. The full report is available online. The information provided in this list is based on data obtained from the U.S. Patent and Trademark Office. For this report, a university is defined as an institution that grants undergraduate-level degrees. Patents reported are utility patents granted during the 2017 calendar year. When a patent is assigned to one or more entities, credit is given to the first named entity. The number of patents granted does not necessarily indicate the value of a university’s technology, the effectiveness of its research or whether its patents will be successfully licensed and/or brought to market. About the National Academy of Inventors The National Academy of Inventors (NAI) is a member organization comprising U.S. and international universities and governmental and nonprofit research institutes, with more than 4,000 individual inventor members and Fellows spanning more than 250 institutions, and growing rapidly. Our mission is to recognize and encourage inventors with patents issued from the USPTO, enhance the visibility of academic technology and innovation, encourage the disclosure of intellectual property, educate and mentor innovative students and translate the inventions of its members to benefit society. About the IPO The Intellectual Property Owners Association (IPO), established in 1972, is a trade association for owners of patents, trademarks, copyrights and trade secrets. IPO is the only association in the U.S. that serves all intellectual property owners in all industries and all fields of technology. IPO advocates for effective and affordable IP ownership rights and provides a wide array of services to members, including: supporting member interests relating to legislative and international issues; analyzing current IP issues; information and educational services; and disseminating information to the general public on the importance of intellectual property rights. Media contacts: Elyse Ball, UARF project manager, 330-972-6532 or eball@uakron.edu, or Lisa Craig, 330-972-7429 or lmc91@uakron.edu.
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