The U’s Economic Impact includes 17 Start-up Companies in 2007

August 22, 2007

The University of Utah is an economic engine for the State of Utah and 2007 fiscal year-end results prove it. Seventeen companies were launched from technologies developed at The University of Utah within the last year. The companies not only help move research forward through the licensing royalty revenue they bring in, but they provide jobs for the people of Utah and help to strengthen the economy in the state. The 17 companies are based on research in fields such as medicinal sciences, engineering, and fine arts.

According to Brian Cummings, the Director of the Technology Commercialization Office, “to generate another 17 companies from University of Utah research is a testament to the entrepreneurial faculty on campus and the self-sustaining economic engine that is being created in Utah. This is an amazing accomplishment considering the national average in 2006 was about four companies per major research institution per year.”

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