The University of California system is known worldwide for its innovative research. In 2009, the university system received more than $121 million in revenue for licensing university research. But of the nine UCs in the system, UC Santa Cruz has benefited little.
UCSC wants to change that by complementing a new academic program with a startup lab that will generate new companies and patents with market potential. Among its goals are generating revenue for the university and spawning startup companies for Santa Cruz.