The state that sparked a revolution by putting the world on wheels is at it again, with one university paving the way as an inventive leader.
The University of Michigan set a record for new inventions in Fiscal Year 2014, recording 439 new inventions from the school’s Technology Transfer office.
The office also reported records in option and license agreements and U.S. patents issued to the university, and U-M students launched an additional 14 startups through the Tech Transfer’s Venture Accelerator. Over the last five years, 55 startups have been launched through the Venture Accelerator, which serves as a business incubator created by the university.
All of this is good news for the entire state of Michigan, but an especially encouraging fact from this piece is that more than 75 percent of the startups from the university’s incubator remain in Michigan after three years, further contributing to the state’s rapidly growing and changing economy.
Following additional news of Detroit as a top innovation city, it’s clear that Michigan is looking to change the world once again, all while providing a brighter future to everyone who calls the Great Lake State home.