The University of Minnesota has one of the leading technology commercialization enterprises among US universities, according to a recent research report.
The Milken Institute, a nonprofit think tank based in California, ranked the U’s Office for Technology Commercialization sixth among US public research institutions and second in the Big Ten in its “Best Universities for Technology Transfer” report, released last month. When including private institutions, the U places 14th, outpacing schools such as the University of Michigan and the University of California, Los Angeles.
The report focuses on four key indicators of tech transfer success for each institution: how many patents it was granted, how many technology licenses it issued, how much income its licenses brought in, and the number of startup companies it formed. These measurements were averaged over four years, from 2012–2015. Continue reading
Photo courtesy of Jen Kelly, KeliComm
Terri Soutor, CEO of University of Minnesota startup FastBridge Learning, received an award last week recognizing her prowess in building a business around emerging technology.
At the 2017 Titans of Technology award ceremony, hosted by the Minneapolis/St. Paul Business Journal, Soutor received an award for her leadership of FastBridge Learning, which was based on discoveries and innovations by Theodore Christ, Ph.D., educational psychology professor with the College of Education and Human Development. The company was launched with help from the U’s Office for Technology Commercialization in 2015 to provide assessment tools and training for teachers of preschool through 12th-grade students to track and improve their students’ learning. Continue reading
Two startup companies based on University of Minnesota research discoveries received national recognition today for their potential to create jobs, advance technology and meet societal challenges in human health and the environment.
Photonic Pharma and ThermChem, both launched by the Office for Technology Commercialization’s Venture Center, were named among the 40 “Best University Startups 2017” by the National Council of Entrepreneurial Tech Transfer (NCET2), an association of university startup officers.
The U of M startups were chosen by representatives of leading technology-oriented businesses from a group of 200 startups launched by universities across the U.S. They are among the more than 110 companies launched by the Venture Center since 2006. The two companies will present as part of NCET2’s University Startups Conference and Demo Day in Washington, DC, on April 18-20. Continue reading
Picture a researcher, and you might think of someone running experiments in a lab, collecting data in the field or piecing together a prototype. But for many researchers, the job doesn’t end when a discovery is made. Increasingly, researchers are helping guide their technologies through development and toward the market.
Last night, the University of Minnesota celebrated the accomplishments of some of these innovative and entrepreneurial researchers. The Inventor Recognition Event, hosted by the Office of the Vice President for Research and the Office for Technology Commercialization, recognized researchers’ breakthroughs and their efforts to bring these innovations beyond the lab to provide growth opportunities for businesses, benefit the public good and improve quality of life in Minnesota and beyond.
The event, held at the McNamara Alumni Center, recognized 220 University inventors whose technology had been licensed or patented between July 2014 and June 2016. During those two years, researchers submitted more than 750 disclosures of new inventions to OTC and filed for nearly 350 patents to protect the intellectual property behind some of these inventions. Continue reading
When the prescription drug abacavir, developed in University of Minnesota labs by Robert Vince, Ph.D., gained federal approval in 1998 and appeared on pharmacy shelves under the brand name Ziagen, it gave new hope to those with HIV. Today, the 1.2 million people the Centers for Disease Control and Prevention estimates live with HIV nationwide have access to this treatment.
Bringing a breakthrough treatment like abacavir to the people who need it takes more than a groundbreaking scientific discovery — researchers must also work to refine their new treatments, bring them through clinical trials and help them reach the market.
Today, the Institute for Therapeutics Discovery and Development (ITDD), founded by the U’s College of Pharmacy in 2007, provides the expertise and instrumentation researchers need to bridge the gap between a compelling pharmaceutical idea and a market-ready drug treatment. The institute is a resource for the over 1000 biomedical researchers at the U of M and Mayo Clinic whose work may lead to the next breakthrough drug therapies. Continue reading
A University of Minnesota startup recently attracted a major investment to support continued development of drug therapies that make cancer treatments more effective.
ApoGen Biotechnologies Inc., launched in October 2014, announced last month that it had received $7 million from life science investment firm Accelerator Corporation to continue developing a new class of drugs that slows the evolution of cancer cells and to move these treatments toward clinical trials. ApoGen is based on discoveries by two U researchers: Reuben Harris, Ph.D., professor of biochemistry, molecular biology and biophysics; and Daniel Harki, Ph.D., assistant professor of medicinal chemistry. John Santini Jr., Ph.D., is the company’s president and CEO.
Cancer therapies often become less effective over time as cancer cells become resistant to treatment. ApoGen’s drugs are designed to block a key enzyme that causes drug resistance, potentially making current and future treatments more effective. Continue reading
Each year, the federal government offers about $2.5 billion in funding to help small businesses bring new innovations to market — including those originating from public research institutions like the University of Minnesota. The complex applications for such funding, however, can be challenging to understand and to navigate.
The MN-SBIR program aims to shed light on the process. The program assists seed, early stage, emerging and existing firms of up to 500 employees in accessing federal funding through the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs. The office provides confidential, one-on-one guidance and advice in business development and technology commercialization to help those applying for SBIR or STTR grants or contract. For University researchers, these funding sources can provide much needed funds to help bring cutting-edge discoveries beyond the lab and toward commercialization.
“SBIR and STTR funding supports research and development in science and technology across the spectrum of disciplines,” said Pat Dillon, director of MN-SBIR. “These federal funding sources, often in addition to angel investment or venture capital, but not necessarily, will help startups and small businesses continue to develop the technology and move it towards commercialization.” Continue reading
Filing for a patent on a research discovery is more than just a way to protect the intellectual property behind it. Patents are often a crucial step toward moving breakthroughs beyond the lab and into the market, where they can benefit society.
Congratulations to the U of M researchers who were recently awarded patents for their discoveries. To learn more about reporting an invention, contact the Office for Technology Commercialization at 612-624-0550 or firstname.lastname@example.org. Continue reading
A startup company that develops next-generation cancer treatments based on University of Minnesota research has been awarded for its innovative therapies.
GeneSegues Therapeutics received the Minnesota High Tech Association’s Tekne Award Wednesday night in the category of Health Care — Small and Growing. Tekne Awards recognize innovation across Minnesota in industries ranging from advanced manufacturing, health care and agricultural technology.
GeneSegues develops microscopic capsules that serve as a vessel to transport gene therapies through the body that help stop the spread of cancer. The capsules are smaller than conventional nanoparticles, allowing them to slip past the human body’s biological barriers and attack cancerous cells more precisely, while leaving healthy cells unharmed.
The company grew out of research done by U of M post-doc Gretchen Unger, Ph.D., in the early 2000s. Unger is currently chief scientific officer with the company. The company’s CEO is Laura Brod, who is also an at-large member of the University’s Board of Regents.
When it comes to finding solutions to some of the largest challenges facing society today, research and innovation are some of the best tools available.
The University of Minnesota’s 10-year strategic plan, Driving Tomorrow, lays out the role that cutting-edge University research will play in addressing the grand challenges that face Minnesota, the U.S. and the world. The plan highlights how innovative research conducted by interdisciplinary teams can lead to new solutions that help society succeed in finding ways to feed the world sustainably, foster just and equitable communities and more.
The focus on the five Grand Challenges is growing throughout the University’s research endeavors, and its startup enterprise is no exception. Fiscal year 2016 saw another record number of startups launched, and several of these companies are working to implement promising new discoveries that connect to these priorities.
Below, Inquiry highlights two new startups that are further developing U research to create solutions in the Grand Challenges areas of advancing health through tailored solutions and assuring clean water and sustainable ecosystems.
The University of Minnesota announced today that it launched a record 17 startup companies over the past year based on discoveries and inventions by its researchers.
Launching new companies is one of the primary ways the University turns cutting-edge research discoveries into commercial products that fuel the economy and contribute to the public good. The 17 startups include 14 in Minnesota, with 13 of them in the Twin Cities metropolitan area and one in Duluth.
The FY16 record follows a milestone accomplishment in early June, when the University’s Venture Center announced it had launched its 100th startup since its founding 10 years ago, with 82 percent of those companies still active. A part of the Office for Technology Commercialization, the Venture Center matches intellectual property resulting from university research with experienced CEOs to provide a platform for that research to reach the public.
Researchers who have developed cutting-edge medical technologies or pharmaceuticals can soon apply for funding to help bring those discoveries to market.
The University of Minnesota’s MN-REACH program, part of the National Institutes of Health’s Research Evaluation and Commercialization Hubs, is now entering its fourth funding cycle to help commercialize new med-tech and pharma inventions. MN-REACH aims to improve health care by fostering the development of breakthrough lab innovations — such as therapeutics, preventatives, diagnostics, devices and software tools — into products that create health, economic and societal benefits.
Researchers can submit pre-proposals from Thursday, July 14 through Friday, Aug. 12. Funding is available in the range of $10,000 to $150,000 per project. See the list of projects selected for MN-REACH funding during Cycle 1 and Cycle 2. Awardees of Cycle 3 grants will be announced later this month. Continue reading