U launches most startups in its history

Stemming from its researchers’ discoveries and inventions, the University of Minnesota launched a record 19 startup companies in 2018–19, including 12 that are focused on human health. 

The Venture Center, part of U of M Technology Commercialization, forms new companies to bring leading-edge research beyond the lab and into the marketplace. Among this year’s crop of health-related startups are companies focused on concussion recovery technology, neuronal and stem cell development, and acne care for boys. The startups, 11 of which are based in Minnesota, will help fuel the economy and contribute to the public good, both in the state and across the globe.

“As a land-grant university, the U of M has a responsibility to ensure promising new technologies move beyond the bounds of academia and benefit Minnesotans’ health, environment, and quality of life,” says Russ Straate, associate director of the Venture Center. “These 19 new companies hold exciting potential to improve society by bringing research-based solutions to the public in a wide range of fields, from agricultural technologies to medical devices.”

Since its founding in 2006, the Venture Center has launched a total of 154 startups, 78 percent of which are currently active. The companies have generated more than $400 million in outside investment.  

To see a list of all startups launched through the Venture Center, visit z.umn.edu/OTCVentureCenter.

Published on October 15, 2019