The University of Utah is No. 2 school in U.S. for spawning startup companies

20 new ventures were born of university faculty ideas in 2006

The University of Utah leads the nation in spinning off companies and commercializing university-generated technologies and other intellectual property, according to an annual survey by the Association of University Technology Managers (AUTM).

Ideas developed by U. faculty in 2006 led to the creation of 20 companies, ranking it second among the nation’s universities that year, the most recent year for which data are available. Massachusetts Institute of Technology, whose research expenditures are triple the $246 million the U. consumed in 2006, was the only university to spawn more businesses with 23.

By Brian Maffly
The Salt Lake Tribune

Full Story: http://www.sltrib.com/business/ci_8401637