The University of Michigan licensed 13 new business startups in fiscal year 2008, tying a record set four years ago, the university says.
Several of the fledgling companies offer novel treatments and diagnostics for diseases ranging from end-stage kidney disease to cancer, hearing loss, sepsis, diabetic ulcers and autoimmune disorders. Others provide such things as new tools for the production of next-generation vehicle batteries, semiconductor chips, and wafer-scale packaging of microelectromechanical systems devices.
Over the last five years, the UM says, it has helped launch 49 startups. More than 70 percent of them are located in Michigan, mainly in the greater Ann Arbor area. In fiscal year 2008, UM researchers disclosed 306 new inventions, and the University negotiated 91 technology agreements. Eighty-seven U.S. patents were issued, and 144 patent applications were filed. FY 2008 ended June 30.
Revenue for UM’s technology transfer division rose to an all-time high of $25 million during the last fiscal year, surpassing the previous record of $20.4 million set in Fiscal Year 2004. The income – about half came from royalties – will fuel ongoing reinvestments in research, technology transfer and industry-outreach activities., the university says.
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