The report also stated that the University of Utah has had 220 startups since its first in 1970. According to the Bureau of Business and Economic Research, in fiscal year 2011, U. startups accounted for 16,600 direct or indirect jobs, $95.3 million in state tax revenue and almost $778 million in personal income.
The AUTM survey collected information from 155 universities, along with 27 hospitals and research institutions as well as a third party management company. The study showed that those institutions created 651 new startups — an average of four per institution.
The survey also indicated that the University of Utah performed favorably in numerous other categories as well, including 208 invention disclosures — compared to the national average of 113; 41 U.S. patents compared to 24 nationally; and 287 active technology licenses compared to the national average of 210.
By the numbers
• $393 million total research funds awarded
• 200 faculty inventors; 115 repeat, 85 new inventors
• 275 intellectual property disclosures
• 3,790 students involved in commercialization and innovation
• 80 technology licenses
Source: University of Utah, fiscal year 2012
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