Tech Transfer eNews Blog

Purdue announces record-breaking fiscal year of tech transfer activity

By Jesse Schwartz
Published: July 17th, 2019

Purdue University has reported a record-breaking year of invention disclosures, start-up launches and other commercialization activities.

In fiscal year 2019, the university’s researchers filed 360 invention disclosures through the Purdue Research Foundation Office of Technology Commercialization. That’s compared to 302 disclosures in the previous fiscal year.

Other tech transfer milestones for 2019 include 231 technologies licensed compared with 215 in the previous year, and 136 licensing and option agreements compared with the previous year’s 126. Purdue also launched 48 start-ups, beating last year’s record-breaking 45.

Over the last six fiscal years, Purdue has launched over 250 start-ups, raising more than $350 in funding and creating nearly 350 new jobs in the process.

“There is nothing of which we are more proud than the outstanding research and discovery of our faculty and students,” says Purdue president Mitch Daniels. “But the ultimate measure of its value, especially for a land-grant university like ours, is its practical usefulness to our society. These latest commercialization records show Purdue living up fully to the land-grant ideal.”

Brooke Beier, vice president of the Office of Technology Commercialization, comments, “Our core mission is to make a difference in the world through the commercialization of Purdue’s technologies. Our entire team works very hard to accomplish this goal through engagement, outreach, intellectual property protection and licensing.

“We are very proud of this record-breaking year of invention disclosures submitted by our outstanding faculty, students and staff,” says Beier. “Most of these disclosures will become patented technologies that become licensed through established companies or start-ups and moved to the public where they can make a true difference in people’s lives.”

Source: Purdue Research Foundation News

Posted under: Tech Transfer e-News

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