Skip to Content

Venture Center Launches Record 19 Startups in Fiscal 2019

Dog held by a veterinarian

Cancer Therapeutics Labs, one of the 19 new U of M startup companies, develops cancer therapies for animals, with its first application in dogs.  

Forming new companies is one way the University of Minnesota works to ensure its innovations reach the people and industries they were designed to help.

Over the last year, U of M Technology Commercialization’s Venture Center launched a record 19 startup companies based on discoveries and inventions by its researchers. The new startups, 11 of which are based in Minnesota, will help fuel the economy and contribute to the public good, both in-state and in regions 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,” said Russ Straate, Venture Center associate director, in a news release. “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.”

The record number of new startups follows another recent success in the U's startup enterprise. Eight startups have been acquired or gone public since 2017, demonstrating the high potential of their respective technologies to established companies capable of further developing them, as well as to investors who can support their development. Most recently, this included educational assessment startup FastBridge Learning’s June 2019 acquisition by Illuminate Education.

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

See a list of the 19 new startup companies or learn more about the Venture Center.

Kevin Coss

Kevin Coss

Kevin is a communications specialist with the Office of the Vice President for Research.

coss@umn.edu

Latest Blog Posts

Prototype of the COVID-19 testing device

The MagiCoil detects the virus in blood and respiratory material and delivers results in as little as 10 minutes via smartphone.

Read More
Three people wearing protective face masks work on a prototype mechanical device

The design for a low-cost ventilator brought to life by a team of UMN researchers and industry collaborators is now freely available to manufacturers.

Read More
The Hormel Institute front lobby

Clarke will lead efforts to advance knowledge around how cancer develops and to discover better ways to prevent, detect, and treat it.

Read More
Categories:
A row of connected homes on a street.

Researchers are investigating how to optimize intimate partner/domestic and sexual violence services for Minnesotans as the need grows but resources become more limited.

Read More