Arizona University's tech transfer office Tech Launch Arizona has reported record numbers for the past academic year with 14 new spinouts generated.

Tech Launch Arizona (TLA), the commercialisation office of Arizona University, released its statistics for the academic year 2015 to 2016 on Monday, revealing all-time highs through several indicators.

The university disclosed 250 inventions, up from 213 in 2015 and 188 in 2014, while the office helped generate 14 new spinouts, up from 12 during the previous year and 11 in 2014.

Arizona also filed 278 patents, an increase of 78 compared to 2015 and 90 compared to 2014, and it granted 97 options and licensed, up from 83 the previous year and 86 in 2014. The university also saw 27 asset development projects funded, up from 17 in both 2015 and 2014.

The numbers mark record figures for the university since Tech Launch Arizona was established four years ago.

Among the newly established spinouts are:

  • Yumanity Therapeutics, which is developing treatments for neurodegenerative disease;
  • Akhu Therapeutics, which is working on therapy for acute depression; and
  • Hedgesmart, which is creating a commodity price-risk management web application.

Ann Weaver Hart, president of Arizona University, said: “I am incredibly proud of the achievements that Tech Launch Arizona has had since its start with the advent of vice-president David Allen in September 2012.

“With almost 800 inventions disclosed, 30 startups from Arizona research, a growing ecosystem of technical experts, business partners, faculty, students, and staff, TLA is helping to set a strong foundation for Arizona University’s continuing social and economic impact.”

Tech Launch Arizona is due to publish its full annual report later this month.