Vice Chancellor of Research Applauds New Technology Assets Report

InSoCal Innovation Assets Report will be released at 11 a.m. Tuesday, Nov. 13 at Murrieta City Hall

Vice Chancellor for Research and Economic Development, Michael Pazzani. Photo credit: Carlos Puma

Vice Chancellor for Research and Economic Development, Michael Pazzani. Photo credit: Carlos Puma

RIVERSIDE, Calif. (www.ucr.edu) — Michael Pazzani, the University of California, Riverside’s recently appointed vice chancellor for research and economic development, will be among the speakers at a Tuesday, Nov. 13 event in Murrieta to unveil a report documenting Inland Southern California’s technology assets.

InSoCal Connect, a private sector led group focused on connecting businesses,government and investors in Inland Southern California, will release its inaugural InSoCal Innovation Assets Report at 11 a.m. Tuesday, Nov. 13 at Murrieta City Hall.

Among the highlights of the report: a list of the more than 350 new technology start-up companies launched in the past four years in the InSoCal region; a map of more than 180 selected technology companies established in the region; a list of venture capital investment entities with a regional presence; and a list of the more than 20 academic research institutes and centers in the region.

To view the report visit: http://www.insocalconnect.org/.

The genesis of the report was an August 2011 announcement by the Governor’s Office of Business and Economic Development to expand the San Diego Innovation Hub, known as the iHub, to include Riverside County along the Interstate 215 corridor, from Temecula and Murrieta to Riverside.

UC Riverside is pleased to partner with InSoCal Connect, said Pazzani, who started work at UC Riverside in July.

“It’s important for the university to connect to the innovation ecosystem in the region and the InSoCal Connect report will help us find potential partners and help the community better understand the innovations happening at UCR,” Pazzani said.

As Inland Southern California’s only comprehensive research university, UC Riverside has much to offer the community, Pazzani said. Its social sciences, arts, and humanities enrich the lives of all residents. And its strengths in sciences, engineering, medicine and business create ripe conditions for partnerships with the corporate community.

With that in mind, UC Riverside has set up an office of corporate partnerships to help corporations and investors connect with resources for internships, recruiting, sponsored research and development, technology commercialization, use of advanced equipment and philanthropy to grow the innovation economy.

UC Riverside annually generates $1.4 billion in economic activity in the nation, according to are economic impact report released in 2011. Overall, the direct and induced impacts of UC Riverside spending support 16,335 jobs annually — most of them within Inland Southern California.

During the past five fiscal years, UC Riverside has attracted an average of more than $100 million annually in research funds.

In the 2011 fiscal year, 74 invention disclosures were filed by UC Riverside researchers, an increase of 20 from the previous fiscal year. In total, the university has 349 active inventions and 98 active patents.

During the same fiscal year, UC Riverside generated five start-up companies. In addition, during the same fiscal year, income from licensing UC Riverside inventions generated $6.1 million, up from $3.4 million the previous fiscal year.

Media Contact


Tel: (951) 827-1287
E-mail: sean.nealon@ucr.edu
Twitter: seannealon

Additional Contacts

Carolyn Hock, InSoCal Connect executive director
Tel: 951-288-8311
E-mail: info@insocalconnect.org

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