The Reuters rating takes into account research grants, number of startups launched, patent filings, and number of students pursuing degrees in science, technology, engineering and math.

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The University of Washington is the most innovative public university in the world — and among all universities, public and private, it ranks fourth — according to a new rating by  Reuters, the online news service.

Only Stanford, MIT and Harvard do more to foster innovation, Reuters says.

The ranking takes into account academic papers, which indicate basic research performed at a university, and patent filings and successes, which point to an institution’s interest in protecting and commercializing its discoveries.

The UW did well in the Reuters analysis because of its research grants and contracts ($1.39 billion in 2014, the lion’s share from federal sources), the number of its students pursuing degrees in science, technology, engineering and math (36.7 percent of students), and the number of new startups it has launched (18 in fiscal 2014 alone, and 103 over the past 10 years). It was also cited for its focus on technology education at the branch campus in Bothell.

“Innovation and turning ideas into action are at the center of everything we do,” UW Interim President Ana Mari Cauce said  in a statement. “This is great recognition of the hard work done by our faculty and students working across all disciplines, and I can’t wait to see what they come up with next.”

The UW was the only Washington university to appear on the top 100 list. Other nearby schools that made the list included the Oregon Health and Science University, ranked 46th, and the University of British Columbia, ranked 69th.

Tingshua University, the UW’s partner in its Global Innovation Exchange campus in Bellevue, ranked 72nd.