Does investing in inventions from research universities produce results? The answer is “yes,” at least in terms of a recent announcement from the Georgia Research Alliance (GRA).
Since 2003, every $1 the State of Georgia invests in university start-ups through GRA has produced $37 in outside venture capital investment.
The data, updated through the end of 2021, summarize the results of 226 start-ups and projects that are now in the GRA portfolio. That’s more than $2 billion in venture capital that has flowed to a portfolio of Georgia start-up enterprises formed around university inventions.
Other significant accomplishments include:
- Eighty-eight percent of the 226 companies were still in business four years after launch, compared to the national average of 44 percent in the same time period.
- The companies employ 1,710professionals.
- The companies also generated more than $153 million in revenue over the year and attracted more than $37 million in public and private grants.
GRA’s investments take place at a very early stage, a point at which university researchers have shown a proof of concept and need to demonstrate market viability. Six out of 10 projects receiving GRA investment go on to become start-up companies.