Posted by: bluesyemre | March 7, 2016

The World’s #TopUniversities for attracting industry #funding

top uni

Germany’s LMU Munich receives more industry funding per academic than any other institution in the world, according to Times Higher Education’s new Funding for Innovation ranking. The university has topped a list of the world’s best 20 institutions based on their ability to secure research money from the private sector. It secured almost $400,000 (£288,500) per academic from businesses in 2013.

The US’ Duke University takes second place, with a figure of almost $290,000, while the Korea Advanced Institute of Science and Technology (KAIST) is third, with $254,700.

Europe dominates the ranking with nine institutions in the top 20, followed by Asia with seven and North America with just two. China is the most-represented nation, with four universities, led by China University of Petroleum (Beijing), which received $227,600 of industry funding per academic, in seventh. Germany, South Korea, Turkey, the Netherlands and the US have two institutions each.

When assessing a country’s overall performance on this measure, Germany is top, with its best five institutions securing an average of $195,800 of industry investment per academic. It is followed by the US ($175,900) and China ($172,100).

The UK is conspicuous by its absence in the university ranking and comes 22nd in the top 30 list of countries – below Turkey, Belgium and Brazil – receiving under $28,000 of industry funding per researcher, based on the figures for its five best-performing institutions. The result comes just a week after THE reported that a survey of more than 18,000 UK academics had found that a dwindling number of scholars were commercialising their research.

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