Michigan breaks its own records for tech transfer for second year running.
Michigan University has followed up on a record setting performance in 2014 by setting new records in 2015.
Michigan’s Office of Tech Transfer reported that it launched 19 spinouts this year, up from 14 in 2014. It also earned $78.8m in licensing revenues, a four-fold increase of its 2014 performance. It also signed 164 licence agreements, up by 16, and issued 160 US patents.
The $60m increase in licensing revenues was down to a single royalty agreement, although the unit did not disclose which deal it was in particular.
Jack Hu, Michigan’s interim vice president for research, said: “In the course of their research, our faculty often come up with ideas that have potential in the marketplace. Tech Transfer works closely with industry, government and venture partners to ensure that society benefits from the concepts and expertise emerging from our laboratories. I am very pleased to see the increasing activities in this area.”
