UM Tech Transfer Office Sets Record with 173 Licensing Deals
Monday, October 3, 2016
Posted by: Kate Oesterle
The University of Michigan signed a record of 173 license and option agreements with companies seeking to commercialize university research in the 2016 fiscal year that ended June 30.
"It is gratifying to see this record-setting number for our most important metric in tech transfer performance," said Ken Nisbet, associate vice president for research-technology transfer, in a press release. "It reflects the deployment of UM inventions into the marketplace where they can have positive benefits for the general public."
Twelve of the licenses were to startup companies launched from the school's Tech Transfer Venture Center.
This year's startups include ViewPoint Therapeutics, which has developed a potential eye-drop therapy for cataracts; Intelligent Vision Systems, which has created an ice-detection system for vehicles and planes; and Movellus Circuits, a company working to redesign semiconductors for better cloud computing.
"Of this year's class of startups," said Nisbet, "all but one is headquartered in Michigan."
During the fiscal year, researchers reported 428 new inventions, up from last year's total of 422 and the fourth straight year of more than 400 inventions.
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