Purdue packs a punch with 22 new spinouts

Purdue University spawned 22 new spinouts on the back of its intellectual property during the 2019-2020 financial year, down marginally from 25 on the preceding period.
In addition to the 22 spinouts, Purdue University contributed to the founding of 33 startups by student or alumni entrepreneurs, increasing overall company generation to 55 from 49 in the 2019 fiscal year.
Purdue said its startup count had now reached more than 300 companies. The university processed 408 technology disclosures during 2019-2020, up from 360 last year, in addition to 225 new licences.
Purdue filed a total of 721 patents, compared with 671 in 2018-2019, and received 252 patents of which 180 were secured in the US, up from 141 one year previously.
Wade Lange, the vice-president and chief entrepreneurial officer of Purdue Research Foundation, the tech transfer affiliate of Purdue University, who was appointed in February 2020, said: “The Purdue commercialisation ecosystem has developed into one of the most effective technology-based startup and licensing machines in the world, and these annual results reflect its success.
“From researchers to students to administrators to alumni and to our Greater Lafayette community partners, we are working together often and collaboratively to create and advance startups.”