University of New Mexico tempted all 11 new spinouts in 2017-18 to remain in the state, a marked improvement on the four companies that chose to remain during the previous year.
University of New Mexico (UNM) generated 11 spinouts during the 2017-18 fiscal year, with all of those businesses intent on retaining their operations in New Mexico, Albuquerque Journal has reported.
The tally fell from the 12 companies generated by UNM in 2016-17, however two-thirds of UNM spinouts decided to move out of state last year, according to data from Science and Technology Corp (STC), UNM’s tech transfer office.
Since STC began publicising its annual records, 2017-18 is the first time New Mexico has retained all UNM spinouts.
The TTO filed 93 patent applications on behalf of researchers, up from 68 during 2016-17. It received 107 invention disclosures last year and set up 49 licensing agreements, down respectively from 114 and 58 in the previous year.
Lisa Kuuttila, president and chief executive of STC, attributed the performance in part to better access to early-stage funding channels such the $20m Catalyst…
