University of North Carolina (UNC) at Chapel Hill said on Wednesday that its spinouts and startups are having a growing economic impact on the US state’s ecosystem.
The analysis was undertaken as part of a biannual report released by Innovate Carolina, an innovation initiative through the vice-chancellor’s Office for Innovation, Entrepreneurship and Economic Development.
Innovate Carolina brings together more than 200 faculty, staff and students across campus to boost the local ecosystem and provide connections to incubators and investors.
The mid-year figures show that spinouts and startups – including those launched by alumni within three years of graduating from or leaving the university – account for a total of 63,914 employees, including 8,090 that remain in North Carolina.
Company generation has increased by 26% from 378 in June 2016 to 475 in June this year. A total of 85% of active ventures (306 out of 358) are headquartered in the…
