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U of M (Minnesota) Honored as One the World’s Best at Spinning Off Companies from Research

Before the University of Minnesota established its Office for Technology Commercialization in 2006, there wasn’t much emphasis on entrepreneurism or spinning off new companies from the U’s vast range of research activities.

Known as "technology transfer," it’s a process by which academic researchers partner with in-house business experts on how to license patented ideas, launch new companies, raise capital, enter markets and do all the entrepreneurial things that scientists may not otherwise be prepared for.

But since then — encouraged by state funding from various governors, lawmakers and others over the years who see U of M research as a unique engine for economic growth — things have changed drastically. And now, after helping launch scores of new tech companies over 12 years, the U operation has been named a finalist for an international award recognizing the best academic technology transfer units in the world.

Don Jacobson

http://tcbmag.com/news/articles/2018/may/u-of-m-honored-as-one-the-world-s-best-at-spinning

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