UCLA is rated third in the US for creating spinouts for the year ending June 30 2014 while existing spinouts in that same period generated $39m for the university.

A report by the Association of University Technology Managers has named University of California, Los Angeles (UCLA) as the third institution in the US for the number of spinouts generated.

The report looked at university spinouts for the year ending on June 30 2014. In that same timeframe, existing spinouts brought in $39m for UCLA.

Other data from the Association of University Technology Managers rated the university as fifth for total number of intellectual licences and options signed, seventh for new patent applications and eighth for new provisional applications.

Emily Loughran, senior director of licensing for the office of intellectual property at the university, said: “The office works with the university faculty to consider the broadest possible range of applications for these inventions and develop strategies that will best position them to successfully enter the marketplace for public benefit.”