Oct. 4, 2004
Continued strong growth for U-M technology transfer in 2004
ANN ARBOR, Mich.—The number of new invention discoveries, startup companies launched and license revenues resulting from University of Michigan technology transfer activities all showed significant growth in fiscal year 2004, according to year-end results released by U-M Tech Transfer, the University's technology transfer organization.
During fiscal year 2004 (ending June 30, 2004), the University recorded 285 new invention disclosures from U-M researchers, 13 new business startups with U-M technologies and $11.7 million in license revenues. The University also entered into 73 new license agreements containing 129 invention files.
The 13 new companies bring the total number of U-M startups launched over the last five years to 47. More than 60 percent of these new businesses are headquartered in Michigan, mostly in the greater Ann Arbor area.
“Tech transfer is no longer a spectator sport at the University of Michigan,” said Ken Nisbet, executive director of U-M Tech Transfer. “Thanks to our talented researchers, supportive University leadership, hard-working tech transfer staff and valuable business and community partners, we are putting U-M technology to work as never before. It's exciting to be able to contribute to the economic vitality of our region and beyond.”
Some highlights of technologies and business concepts from the University will be on display at the annual Celebrate Invention reception Oct. 7 in Ann Arbor. Celebrate Invention is designed to honor the more than 500 U-M inventors who have participated in technology transfer activities in 2004 .
“The quality and diversity of research at the University of Michigan provides great strength to our institution and to our region,” said Fawwaz Ulaby, U-M vice president for research. “We are pleased to honor our inventors with this annual event, celebrating invention with our business, university and community friends.”
Celebrate Invention will be held 3-6 p.m. Oct. 7 at the Michigan League Ballroom, 911 N. University. The reception is free to the general public but registration is required. To register, email Sandra Moing at firstname.lastname@example.org or call (734) 764-8202.
Michigan Governor Jennifer Granholm today announced a new
program to reward successful tech transfer efforts.
Contact: Mark Maynard