Abu Dhabi: Saudi Arabia’s King Fahd University of Petroleum and Minerals has ranked 4th best in a list of the Top 100 Worldwide Universities Granted US Utility Patents in 2019.
The list published by the US National Academy of Inventors include leaders of innovation worldwide through their encouragement of academic discovery and invention.
The King Fahd University was preceded by the University of California, the Massachusetts Institute of Technology and the University of Texas.
Prince Abdulaziz bin Salman bin Abdulaziz, the Saudi Energy Minister and Chairman of the University’s Board of Trustees, stressed that “this achievement is a pride for all of Saudi Arabia, and reflects the progress we are experiencing in all fields.”
He indicated that what has been achieved is a natural result of the strategic methodology in the fields of research and innovation that the university has followed over the past decades.
The Top 100 Worldwide Universities Granted US Utility Patents in 2019 report was released on Tuesday by the National Academy of Inventors (NAI) and the Intellectual Property Owners Association (IPO).
The report uses data obtained from the US Patent and Trademark Office (USPTO) and highlights the vital role patents play in university research and innovation.
Published annually since 2013, the report ranks the top 100 universities named as first assignee on utility patents granted by the USPTO in the 2019.
“The institutions included in this year’s report are leading innovation worldwide through their encouragement of academic discovery and invention,” said Paul R. Sanberg, president of the NAI. “We are proud to collaborate with the IPO for the eighth consecutive year to highlight universities that have made critical contributions to society.”
“University patents ignite a culture of growth and innovation which in turn stimulates the economy,” said Jessica Landacre, Executive Director at the IPO. “The Top 100 Worldwide Universities Granted US Utility Patents demonstrates which institutions excel in this arena.”