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Updated 9:00 AM October 13, 2004
 

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Technology transfer continues strong growth in 2004


The number of new invention discoveries, startup companies launched and license revenues resulting from U-M technology transfer activities all showed significant growth in fiscal year 2004, according to year-end results released by the Tech Transfer office.

During fiscal year 2004 (ending June 30, 2004), the University recorded 285 new invention disclosures from its 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 during the last five years to 47. More than 60 percent of these new businesses are headquartered in Michigan, most in the greater Ann Arbor area.

"Tech transfer is no longer a spectator sport at the University of Michigan," says Ken Nisbet, executive director of 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."

Last week, some highlights of technologies and business concepts from the University were on display at the annual Celebrate Invention reception. The event 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," says Fawwaz Ulaby, vice president for research. "We are pleased to honor our inventors with this annual event, celebrating invention with our business, university and community friends."

In other technology transfer news, Michigan Gov. Jennifer Granholm last week announced a new program to reward successful tech transfer efforts.

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