Along with UK's commitment to scholarship and academic excellence, the university assumes a leadership role in addressing the issues and challenges facing Kentucky and beyond. The transfer of intellectual property to the public arena is an important part of the university's mission and goals. The University of Kentucky currently holds 225 patents . Most patents and licenses in the areas of pharmacy, ophthalmology, and veterinary science.
Plant biotechnology is an emerging area.
Top royalty-producing inventions include a nasal delivery method for pharmaceuticals, three vaccines for horses, and an implant device for treating eye diseases. UK ranks 15th among land-grant universities, 25th among public universities and 44th overall in licensing income and patents. The commercialization of intellectual property stimulates economic development and results in new products and businesses, creates jobs, and strengthens the economy. Licensees include 14 Kentucky businesses. These businesses are in areas including pharmaceuticals, medical supplies and devices, materials engineering, agricultural engineering, plant and animal biotechnology, and consumer products.