"Academic capitalism" alive and flourishing!


U.S. universities are great at exploring ideas. They are also great at exploring ideas that make them money. The Milken Institute produced a list of the 10 schools that "turn. . . knowledge into commercially viable products and companies" best. The top five include the school that brought you Gatorade (University of Florida), Google (Stanford), and the nicotine patch (UCLA). Not a coincidence. According to the Stanford Daily, patent licensing generates a substantial chunk of the schools' earnings--over $1 billion in 35 years.

Here are the top five:

1. MIT
2. University of California system
3. Cal-Tech
4. Stanford
5. University of Florida