The University of Minnesota launched a record 14 startup companies — many with a medical focus — in 2013. In 2012, it launched 12 startups, breaking the previous year’s record of nine. In a climate of decreasing federal support for scientific research and increasing competition for research grants, the University is working hard to ensure that its discoveries enter the marketplace, where they can have the most impact. Since the Office of Technology Commercialization’s Venture Center was formed in 2006, a total of 52 startup companies have been created. Today 80 percent are still active.
Rand Brenner Author
Rand Brenner is an IP professional whose passion is helping inventors, startups, and businesses of all sizes use licensing to turn their IP into income-producing products, services, and technologies.