In the last decade, business startups launched by Arizona State University faculty have led to the formation of 55 companies, including 34 currently operating in Arizona, according to Arizona Technology Enterprises (AzTE), the intellectual property management arm of ASU. Additionally, companies and sub-licensees created, based on ASU technologies, have attracted more than $200 million in financing during that time.
In fiscal year 2011, 227 patent applications were filed with AzTE and 30 technology licensing agreements, including exclusive licenses and options, were completed. ASU faculty members were issued 18 patents and launched 10 startup companies. In addition, faculty submitted 170 invention disclosures to AzTE – 88 in the life sciences and 82 in the physical sciences. These inventions will provide the technology inventory for the next generation of new deals or startups.
To read the full, original article click on this link: ASU Foundation for a New American University - Entrepreneurship at ASU launches 55 companies, attracts $200M in financing
