The University of Michigan (U-M) has reported a record number of license and option agreements over the past fiscal year and patents issued. Specifically, the university signed 287 license and option agreements with companies seeking to commercialize U-M research discoveries during fiscal year 2021, an increase of 19 from the previous fiscal year. U-M also reported 169 issued U.S. patents this past fiscal year, up from 163 in FY20.
The milestones come as the university ranks in the top five nationally for start-up company formation, creation of new invention disclosures and execution of commercialization agreements with the private sector, according to the latest rankings from the Association of University Technology Managers.
“Thanks to our strong partnerships with U-M’s amazing community of innovators, we broke new records in FY21 for commercialization agreements and continued to see strong performance in invention disclosures and new startup company formation,” said Kelly Sexton, Associate Vice President for Research and Innovation Partnerships.
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