The number of startup companies spun out of Michigan’s top three research universities trended higher as of mid-decade, a possible product of heightened support for entrepreneurship in recent years.
Schools that make up the University Research Corridorspun out 22 startup companies in 2015, easily surpassing a five-year average, according to an annual report published by the research consortium.
Despite the gain, URC members —Michigan State University, the University of MichiganandWayne State University— still largely lag peer research clusters in the U.S. for startup activity and in other key measures for innovation and commercialization.
The URC’s 2017 annual economic impact report illustrates that even as Michigan made gains over the years, other states progressed as well.
“Nobody’s standing still,” said URC Executive Director Jeff Mason. “These other regions around the country are also creating entrepreneurial support systems and they’re successful at it, too. And I don’t think that’s bad. Competition makes us stronger.