Methodology: Ranking the World’s Most Innovative Universities

Reuters list of top 100 innovative universities has 2 Korean institutes, 1 from China and nil from India. The criteria used will give us an idea of distance to be traveled to get into the top 100.

The list was reduced to just those institutions that filed 70 or more patents. Each candidate university was then evaluated using various indicators such as:

 Patent Volume

(Source: Derwent World Patents Index, Derwent Innovations Index0
The number of basic patents (patent families) filed by the organization. This is an indication of research output that has a potential for commercial value. The number is limited only to those patents that are registered with the World Intellectual Property Organization (WIPO)
Patent Success
(Source: Derwent World Patents Index, Derwent Innovations Index)
The ratio of patent applications to grants over the assessed timeframe. This indicates the university’s success in filing applications that are then accepted.
Global Patents
(Source: Derwent World Patents Index, Derwent Innovations Index)
The percentage of patents for which coverage was sought with the U.S., European and Japanese patent offices. Filing an international patent is an expensive and laborious process and filing in multiple countries or regions is an indication that the invention is considered to be nontrivial and has commercial value.
Patent Citations
(Source: Patents Citation Index)
The total number of times a patent has been cited by other patents. As part of the patent inspection process, the patent office examiner will cite significant prior art. The number of times a patent has been cited is an indication that it has an impact on other commercial R&D.
Patent Citation Impact
(Source: Patents Citation Index)
This is an indication of how much impact a patent has had. Because it is a ratio (or average), it is not dependent on the size of the organization. Note that the indicator Percent of Patents Cited (listed below) is closely related to this indicator, therefore these two indicators are given half the weighting of all others.
Percent of Patents Cited
(Source: Patents Citation Index)
This indicator is the proportion of patents that have been cited by other patents one or more times. As mentioned, it is closely tied to the Patent Citation Impact indicator.
Patent to Article Citation Impact
(Source: Patents Citation Index, Derwent World Patents Index, Web of Science Core Collection)
Similar to Patent Citation Impact, this indicator measures the average number of times a journal article has been cited by patents. This unique indicator demonstrates that basic research conducted in an academic setting (as recorded in scholarly articles) has had influence and impact in the realm of commercial research & development (as measured by patents).
Industry Article Citation Impact
(Source: Web of Science Core Collection)
Article-to-article citations are an established indicator of influence and research impact. By limiting the citing articles only to those from industry, this indicator reveals the influence and impact that basic research conducted in an academic setting has had on commercial research.
Percent of Industry Collaborative Articles
(Source: Web of Science Core Collection)
The percentage of all articles of a university that contain one or more co-authors from a commercial entity. This indicator shows the percentage of research activity that is conducted in collaboration with industry, suggesting potential future economic impact of the research project jointly undertaken.
Total Web of Science Core Collection Papers
(Source: Web of Science Core Collection)
The total number of journal articles published by the organization. This is a size-dependent measure of the research output of the university.

Position of TTO in The Universities for Research and Innovation Bill 2012

US is presently debating on doing away with a mandatory TTO in universities. Prior to Bayh-Dole, the invention rights vested with the federal government. The Bayh-Dole Act, allowed universities and small companies to own and manage inventions they make with federal funds. University Technology Transfer Offices played a pivotal role in commercializing the patents. Now, Kauffman Foundation proposed Start-up Act says TTO had become bottleneck and recommends that decisions  to commercialize technologies should be taken by faculty inventors and not university bureaucracies (TTO).

The bill in parliament is silent on structure of this relationship between faculty innovators- TTO-licensees. Is it left to universities to decide as part of autonomy?

Search for new Standards in The Universities for Research and Innovation Bill 2012

What is needed to be called University for Research and Innovation?

For the purposes of determination of standards in higher education, every University for Research and Innovation shall determine and declare, on its website, the standards of such education sought to be provided in such University in its teaching, learning and research:

Provided that the standards so determined and declared by such University shall be higher than the minimum standards in the relevant field of knowledge as specified by or under any other law:

Provided further that where no standards have been determined by or under any law in the relevant field of knowledge, the standards so determined and declared by the University shall aim to maximize relative global scales in the relevant field of knowledge:

Provided also that where a dispute arises between such University and a regulatory authority constituted by any law to determine and coordinate standards of higher education in any discipline or field of knowledge, such dispute shall be referred to a committee of three persons of international eminence and standing of whom—

(i) one person shall be nominated by the regulatory body impugning the standards;

(ii) one person shall be nominated by such University for Research and Innovation, which has determined the standards so impugned;

(iii) one person shall be nominated by a University for Research and Innovation, chosen in such manner as may be prescribed, other than such University which has determined the standards so impugned:

Is this the best way to set standards for Innovation Universities ???