Carnegie Mellon University (CMU) has broken its own record for startup creation by spinning out 36 companies in a single year.
Startups from the university launch this year include medtech firm PECA Labs, which is developing a heart valve which will see a reduction in open heart surgeries performed on children, 3D printer manufacturer PieceMaker Technologies, and SolePower, a company commercialising power-generating shoe insoles capable of charging consumer electronics.
Over the past five years, CMU has launched over 130 spin-outs and seen around $400m raised in external investment.
Bruce McWilliams, chairman of the Research and Technology Commercialisation Committee at CMU, said: “Carnegie Mellon has shown that innovation can be encouraged and strengthened. Through streamlined university policies and investment in support for faculty and students with interests in entrepreneurship, the university is expanding its impact and creating an example for other research institutions around the world.”
