Duke University’s OLV managed a near-50% increase on 2017’s spinout tally in a year where its businesses generated $526m in capital.
Duke University’s office of licensing and ventures (OLV) spawned 16 new spinouts during the 2018 fiscal year, marking a near-50% increase on the 11 generated during the previous period.
The office said it filed a record 329 invention disclosures on behalf of its researchers and secured 101 patents, 69 of which originated at the School of Medicine, with the remaining 32 coming from the Pratt School of Engineering.
Of the university’s 2018 spinouts, 15 have decided to remain in the local ecosystem, centred on part of Durham, North Carolina known as the Research Triangle.
OLV also confirmed 114 licensing agreements with external parties during 2018 fiscal, 25 of which were granted on an exclusive basis. Licensing revenues amounted to $51m over the period.
Between them, Duke University spinouts managed to generate $526m in capital, with venture funding representing 70% of the intake.
Companies backed in…
