By: Tim Keenan
The University of Michigan Tech Transfer in Ann Arbor today reported that 22 high-tech companies were started at the school during fiscal year 2019, up from 21 last year.
U-M Tech Transfer is the university unit responsible for commercializing research discoveries emanating from the college. U-M has spun off 86 companies in the past five years.
Also during the past fiscal year, the university signed a record 232 license and option agreements with companies seeking to commercialize U-M research, up from 218 in FY2018.
In addition, U-M Tech Transfer reports that 198 U.S. patents were issued in FY2019 for inventions created at U-M, up from 183 last year.
U-M invention disclosures surpassed 500 for the first time, reaching 502 and outpacing the 2018 record of 484. This represents a solid pipeline for potential future patents, licensing agreements and startups, according to Kelly Sexton, associate vice president for research-technology transfer and innovation partnerships at U-M. In the past five years, U-M researchers reported 2,280 inventions.
Read more >> https://www.dbusiness.com/daily-news/u-m-tech-transfer-sets-records-for-startups-licenses-patents-and-disclosures-in-2019/
