Venture Partners at CU Boulder's efforts provided a significant boost for the national economy, generating nearly $721m of economic income for tech-transfer related activity.
University of Colorado (CU) Boulder’s commercialisation activities resulted in an estimated $1.9bn uplift for the national economy from the financial year 2014 to 2018, according to a report from the university’s tech transfer office, Venture Partners at CU Boulder.
Venture Partners at CU Boulder estimated approximately 63% of the economic impact, or $1.2bn, was retained within the state of Colorado. The income generated by the TTO’s tech transfer-related activity was pegged at $720.6m, $529.4m of which took place in-state.
The study, titled “Economic impact of tech transfer on the state and national economy”, estimates CU Boulder raised $10.1m in licensing revenue through the TTO over the reporting period. Licensees of university technology collectively generated $151.1m in related sales revenue and amassed a total of $593.6m in equity funding.
Venture Partners at CU Boulder helped establish 40 spinouts in the period and signed 223 licences and option agreements. It reckons CU Boulder was awarded $48.7m in grant money related to commercialisation objectives.
The TTO attributed the performance to a recent restructuring undertaken to improve entrepreneurial resources and enhance links to the business community.
Programming currently available through the TTO includes the Commercialization Academy training program and Destination Startup spinout accelerator, the latter of which also supports University of Colorado’s Anschutz and Colorado Springs campuses, as well as Colorado State University and University of Denver.
