Funding will accelerate UCLA’s missions of translating research into societal benefit.
The financial support comes from a $22 million investment in the University of California from Assembly Bill 2664, the Innovation and Entrepreneurship Expansion. It has been divided equally among the UC’s 10 campuses.
“This funding will truly accelerate UCLA’s fulfilling of one of its key missions: the translation of fundamental research to benefit society,” said Ann Karagozian, UCLA’s interim vice chancellor for research. “These funds will have a powerful impact on optimizing discoveries and inventions developed through our world-class UCLA research.”
Specifically, UCLA will direct much of its share toward helping turn grant-funded research into market-ready technology by demonstrating that ideas work as proofs of concept.