Max Planck Society's TTO is celebrating its 50th anniversary having formed 160 spinouts since the early 1990s.
Max Planck Innovation, the tech transfer organisation for Germany-based research centre network Max Planck Society, announced yesterday that the society had formed 160 spinouts since the early 1990s.
The revelation came as Max Planck Innovation marked the 50th anniversary of its inception in 1970.
The TTO, previously called Garching Instrumente and then Garching Innovation, has processed over 4,500 inventions to date and has signed around 2,700 licensing agreements.
The 160 spinouts collectively employ over 6,500 people and have generated licensing and exit revenues of €500m ($608m at today’s exchange) to reinvest in Max Planck’s research and tech transfer.
Max Planck Innovation said the most successful patent in its history was Flash, an imaging method for MRI launched in 1985 and invented by Jens Frahm at Max Planck Institute for Biophysical Chemistry in Göttingen.
