University of New Mexico has revealed it generated 12 new businesses during its financial year that ended June 30.

Science and Technology Corporation (STC), University of New Mexico’s tech transfer office, has generated 12 new spinouts during the past financial year, which ended June 30, according to the Albuquerque Journal.

The TTO signed 58 licensing agreements, an increase from 54 during the previous financial year and the highest number since the office began operations in 1995. Patents issued also reached an all-time high with 73, while faculty and staff disclosed 114 inventions, up from 102.

STC also revealed it…