Issue link: https://htpgraphics.uberflip.com/i/1055210
In October, a list produced by Reuters ranked The University of Manchester as the 53rd most innovative in the world – jumping an impressive 27 places from the 2017 report. The University lies 5th in the UK and 10th in Europe. REUTERS RATES UNIVERSITY OF MANCHESTER FOR THE HIGH COMMERCIAL IMPACT OF ITS PATENTS The Reuters Top 100 Most Innovative Universities ranking is based on the number of academic papers based on IP rights, patents filed and citations of the University's patents by other academics and industry which introduces a quality rather than a volume measure. The University's world-class research base has an excellent track record of innovation spanning over 30 years. All of the brilliant ideas which are generated by the University's researchers have the potential to save lives, improve health, increase efficiencies in industry and the environment, or otherwise enhance society and make positive contributions to our economy. Clive Rowland, CEO of UMI 3 Ltd, comments: "The University continues to promote its long- standing commitment to improving society through innovation activities related to patenting such as licensing and spinning out companies. Independent evaluation shows that the University has contributed nearly £300m of economic impact (Gross Value Added) since 2004 through technology transfer and related activities. "We recognise that we need to look for quality and relevance as well as volume with our patenting - our patents need to be both thorough and defensible and have credible applications.