Michigan Technology News, the online source for Michigan's technology business

Monday, October 15, 2012 U-M Tech Transfer Agreements Achieve Record
ANN ARBOR -The University of Michigan Tech Transfer Officer set a record in fiscal 2012 with 123 licenses and options, up from 101 in fiscal 2011. Researchers also reported 368 new inventions in FY12, which ended on June 30, another record high, demonstrating the broadened participation of U-M faculty in tech transfer activities. Eleven new startup ventures, eight of which are headquartered in Michigan, were launched in FY12 with the guidance and resources of Tech Transfer's Venture Center. The Venture Center, a one-stop hub for entrepreneurs and investors looking for startup opportunities based on U-M research, has launched 98 new companies in the last 10 years, an average of one every five weeks. The university also reported that 101 U.S patents were issued in FY12, and $13.4 million in licensing royalties were received, providing funds to reinvest in research and innovation. "We're proud of these results that reflect on the high caliber of our research and researchers and the work of our business and venture partners," said Ken Nisbet, executive director of U-M Tech Transfer. "These results, and our investments in capabilities, demonstrate our university's commitment to the economic progress for our region and state." The university will recognize the accomplishments of faculty and researchers engaged in the technology transfer process at the 12th annual Celebrate Invention reception Oct. 18. As in years past, the event will feature eight technology kiosks showcasing new university technologies and startups, complete with the associated researchers and business teams providing hands-on demonstrations. "Celebrate Invention is an opportunity to join with our business, venture and community partners to highlight the role that U-M research plays as a catalyst for economic growth and transformation," said Stephen Forrest, U-M's vice president for research. "We are fundamentally committed to helping society realize the benefits of our research by encouraging the transfer of new ideas from our laboratories to the marketplace."
Author: Staff Writer Source: MITechNews.Com
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