The University of Michigan’s efforts to advance entrepreneurial activity and commercialize research accelerated to an unprecedented level in fiscal year 2019.
U-M Tech Transfer reports that 22 startups were launched at the university, surpassing last year’s record of 21. U-M has spun off 86 companies in the past five years. In the past fiscal year, the university signed a record 232 license and option agreements with companies seeking to commercialize U-M research, up from 218 in FY2018.
Many of the 2019 startups operate in and around Ann Arbor and three—CubeWorks, Greenmark Biomedical and Mekanistic Therapeutics—are housed in Tech Transfer’s Venture Accelerator, which provides lab and office space in the North Campus Research Complex in addition to connections with U-M’s mentor-in-residence program.