Purdue goes from strength to strength

Purdue University has broken records its own commercialisation results for the second consecutive year.

The university launched 25 spinouts over the past academic year, out of an overall pool of 40 startups created. Patents issued has increased from 156 to 178, while inventions have climbed 12% to 317 and the university recorded 241 licensing deals to 131 organisations. In addition, Purdue’s 2014 startups have collectively brought in $25m in external funding, and have created 75 new jobs in Indiana.

Mitch Daniels, president at Purdue, said: “It was certainly cause to celebrate last year’s record in commercialization activities, but to follow such an occurrence with another record-breaking year demonstrates that there is something bigger happening at Purdue. These back-to-back increases represent a meaningful shift in the way Purdue’s outstanding faculty, staff and students are managing the commercialisation of their innovations.”