University of Minnesota has revealed it launched 18 spinouts during the past financial year, putting the total number at 119.
University of Minnesota announced yesterday it has generated a record 18 spinouts during the past financial year of which 16 companies retain their headquarters in the state.
The spinouts were launched through the Office for Technology Commercialization’s Venture Center, which was founded in 2006 and has now launched a total of 119 spinouts.
A total of 78% of the 119 spinouts remain active and of these, 79% are based in Minnesota and the remainder are spread across 14 US states…
