The University of Texas at Austin is the fifth-largest single-campus university in the United States, and is a highly ranked public university in the U.S. and internationally. It has a rich tradition of accomplishment in a wide variety of areas, especially engineering, computer science, biology, and geoscience, the liberal and fine arts, and professions such as law, education, business, nursing, social work, and pharmacy. The university is composed of 18 colleges and schools including a new medical school now under construction and scheduled to admit its first class in 2016. The university has some 14,000 faculty and staff including numerous MacArthur Fellows, 70 members of the National Academy of Science and the National Academy of Engineering, two winners of the Japan Prize, and Nobel physicist Steven Weinberg. UT has a large and active base of 11,000 graduate students, 3,500 of whom earn degrees annually. UT is currently the nation's No. 3 producer of doctoral degrees. The University supports research units across Texas, including the J.J. Pickle Research Campus in north Austin, the Marine Science Institute at Port Aransas, the McDonald Observatory in the Davis Mountains of West Texas, and the Lady Bird Johnson Wildflower Center in south Austin. The UT campus is home to the Lyndon B. Johnson Presidential Library and Museum, the Blanton Museum of Art and the Ransom Humanities Research Center, the premier repository of 20th century humanities artifacts. Currently, the extramural funding through grants and contracts totals $544 million annually. UT’s endowment is over $3.5 billion and supports a wide variety of scholarships and numerous endowed chairs and professorships.
The IC2 Institute was founded in 1977 to catalyze regional economic development through the active and directional collaboration among the university, government, and private sectors. Key Institute programs applying knowledge gained from ongoing research activities in Central Texas and throughout the world include the Austin Technology Incubator (ATI), the Global Commercialization Group (GCG), and the Bureau of Business Research (BBR). ATI has helped more than 250 companies collectively raise US $1 billion of investment; its 2012 graduating class alone raised more than US $175 million in investor capital, with more than 85% of that class receiving funding. In the past five years, GCG has worked with more than 1000 technologies and with innovators in 15 countries and has facilitated more than US $100M in international business engagements creating more than $300M in economic impact. BBR has supplied Texas businesses and policymakers with applied economic research and data to strengthen the state’s business environment. In addition to in-house staff, the IC2 Institute’s resources include a network of over 160 IC2 Institute Fellows throughout the world and a rotating cast of visiting scholars.