Tech Transfer reports record year of performance

ANN ARBOR-The University of Michigan spurred a record 19 startups last year, up from 14 a year ago, reflecting the substantial activity connected to its faculty's rich array of research discoveries. U-M Tech Transfer set several records for annual performance in fiscal year 2015 including patents, agreements, startups and revenue. "It is gratifying to see these record-setting metrics for, not just one, but several indicators of tech transfer performance," said Ken Nisbet, associate vice president for research-technology transfer. "This is a reflection of the creativity of our researchers, the resourcefulness of our tech transfer team, and the contributions from our partners in the university, business, government and entrepreneurial communities." This year's startups include Genomenon, which developed genome sequencing software that can identify cancer markers more quickly than existing technology; FlexDex Surgical, created a laparoscopy tool that provides surgeons with greater dexterity and natural motion when sewing sutures; and Praktio, which has developed a massive open online course for contract law. U-M Tech Transfer signed a record 164 option and license agreements compared to 148 a year ago. The year also marked a record in U.S. patents issued with 160, up from 132 in fiscal year 2014. And a record $78.8 million in licensing revenues were received, up from $18.5 million in the last fiscal year, largely due to a unique royalty monetization agreement.