The University of California plays a key role in California's economy through research and education. UC contributes to California's biotechnology industry through basic research, graduate education, scientific leadership, technology transfer, and clinical research. Many biotech companies in California were founded by UC scientists and have ongoing relationships with UC through research collaborations and licensing of intellectual property. UC research has provided expertise, personnel, reduced costs, and accelerated research and development for many California companies.
5. Companies Founded by UC Scientists in The Ten California Cities With The Largest Number of Biotech Firms *Source: IUCRP Economic Research 2002. May be an undercount, as the academic affiliations of founders is unavailable for some companies
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8. The companies tell their story UC provided essential expertise Recruited key personnel Reduced R&D costs UC enabled them to undertake projects that could not be done in-house Accelerated their R&D Refocused their R&D Attracted other funding 2006 Corporate Assessment of Economic Impact Survey Raised investment capital 85% 78% 44% 12% 15% 32% 25% 55% Research of value