Jay Schrankler has been promoted to associate vice-president of technology commercialisation and new ventures at University of Minnesota, the Star Tribune reported today.

Working in its Office for Technology Commercialisation (OTC), Schrankler was appointed executive director for the university’s OTC in 2007, having joined from industrials product manufacturer Honeywell.

He worked at Honeywell for 26 years, during which time he ran the $1.5bn environmental controls business, in addition to other roles.

In 2016, the OTC launched a record 17 spinouts,…

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