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Updated 10:00 AM October 31, 2005
 

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U-M technology transfer continues growth in 2005

U-M's technology transfer efforts recorded significant growth in fiscal year 2005, according to year-end results released by the Office of Technology Transfer.

During FY 2005 ending June 30, the University recorded 287 invention disclosures from U-M researchers, seven high-potential business startups and 86 license agreements—an 18 percent increase over last year. The University also received $16.7 million in license revenues, compared to $11.7 million during the previous year.

The seven new companies bring the total number of U-M startups launched during the past five years to 46. More than 60 percent of the businesses are headquartered in Michigan, most in the greater Ann Arbor area.

"We're pleased with our 2005 tech transfer results, an indication of the great strides we have made over the last five years," says Ken Nisbet, executive director of Tech Transfer. "The University of Michigan is demonstrating its leadership in transferring its intellectual horsepower and the benefits of its research for the good of our community, our state and our nation."

Highlights of technologies and business concepts from the University were on display at the annual Celebrate Invention reception Oct. 26 at the Michigan League. Celebrate Invention honored more than 600 U-M inventors who participated in technology transfer activities in 2005.

Frank Ascione, dean of pharmacy, presented the Technology Transfer Career Award to Leroy B. Townsend, professor emeritus of medicinal chemistry. Townsend helped discover drugs that may be used to treat a diversity of diseases such as cancer, herpes and AIDS. He synthesized more than 10,000 compounds in his lab, many of which have demonstrated activity against herpes simplex virus, human immunodeficiency virus and cancer, as well as a number of parasites.

Herbert D. (Ted) Doan was honored by President Mary Sue Coleman for "Outstanding Leadership in Entrepreneurship and Innovation." His recognition was delivered by Mary L. Campbell, a general partner and founder of EDF Ventures and advisor to the Zell Lurie Institute for Entrepreneurial Studies. Doan served from 1962-71 as the president and CEO of the Dow Chemical Company, which was founded by his grandfather Herbert Dow in 1892. He has been a long-time supporter of the Zell Lurie Institute and the Center for Venture Capital and Private Equity Finance in the Stephen M. Ross School of Business.

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