Five-year commercialisation activity at the university is on the rise in terms of patents, inventions and licensing revenue.
University of North Carolina-Chapel Hill estimates its spinout portfolio posted an overall turnover of $253m in the 2019-2020 fiscal year.
The analysis includes 93 IP-based startups founded by UNC-Chapel Hill since 1958 that remain active, of which 83% have chosen to remain based in North Carolina.
Fourteen new spinouts were founded during UNC-Chapel Hill’s two most-recent fiscal years.
UNC-Chapel Hill says 526 of 731 startups with ties to the university are still trading with total revenues of $15bn estimated during 2019-2020.
Other insights from its study include an across-the-board increase in commercialisation activity in the fiscal years 2016-2020 compared with the preceding five-year period.
US issued patents and new inventions rose by 66% and 22% period-on-period, while licensing revenues climbed 58% from the fiscal years 2011-15.
Judith Cone, vice-chancellor for innovation, entrepreneurship and economic development at UNC-Chapel Hill, said: “Many of these technologies and ventures emerge from the university’s expertise in life sciences and become new devices, diagnostics, treatments and cures that help people live longer, healthier and more productive lives.”
