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are more actively pursuing technology transfer, in part because
we are required to under our sponsored-research agreements, and
also because we recognize that commercialization is an effective
way to add value to our discoveries and to get the benefits to the
public,” Neighbour says. “We also see the potential
value to the faculty and to the university in providing alternative
revenue streams to support the research enterprise.” Since
2001, the campus is seeing an increase in the numbers of inventions
reported, patents and licenses issued and start-up companies created
around technologies invented at UCLA. Total licensing revenues have
reached $8.4 million per year.
MEMBERS HAVE PLAYED A KEY ROLE in the success of Campaign
UCLA. Their contribution is most readily seen in the area of programs
and research, where the goal has already been exceeded. More than
$777 million has been raised in this category, much of it directly
by faculty members. In addition, the campaign has provided funding
to establish 78 of UCLA’s 188 endowed chairs, each representing
a gift of at least $500,000 to support the activities of a distinguished
professor. A centuries-old academic tradition, endowed chairs are
vital tools for faculty recruitment and retention.
support is an area in which UCLA is losing ground relative to its
private peer institutions like Harvard and Stanford. Therefore,
fund-raising for this purpose is among the highest priorities of
Campaign UCLA and an important avenue to increasing competitiveness.
Unfortunately, it is a hard sell to potential donors who may not
have received a terminal degree such as a Ph.D.