Indiana University Research and Technology Corp. ranked #43 among worldwide educational organizations in receiving patents from the U.S. Patent and Trademark Office in 2015.

According to the report “Top 100 Worldwide Universities Granted U.S. Utility Patents in 2015,” IURTC was issued 47 patents. This represents a year-over-year jump of 43 spots, as IURTC ranked 86th, with 25 issued patents, in the 2014 calendar year.

IU Vice President for Engagement Bill Stephan said patented university intellectual property can drive statewide and national economic development.

“These patented technologies can be turned into successful products and processes when organizations like IURTC license them to already-established companies or entrepreneurs who are launching a startup,” he said. “They can form the foundation of small, high-tech businesses that hire talented individuals who give back to their communities, regions and states.”

More information about the rankings is available here.