As a major research university, the University of Minnesota advances knowledge across a wide range of fields, yielding new solutions and technologies that can then be commercialized for the benefit of the public. The University’s technology commercialization statistics and rankings for FY2020 reflect its national leadership in bringing its researchers’ inventions to market, including numerous innovations in the fight against COVID-19.
Areas of continued strength and growth in FY2020 include: tying the record for 19 startups spun out in FY2019 and increasing the number of new licenses for University technologies, invention disclosures, revenue generating agreements, and sponsored research commitments from companies. The number of patents issued for UMN technology and the number technologies disclosed by University researchers also remains steady.
Technology Commercialization Statistics, FY16-FY20
Technology Commercialization, Wellspring Sophia; UMN Enterprise Financial System
*New Patent Filing Rate is number of new patents filed during the fiscal year divided by number of new disclosures in the same time period
The University’s technology transfer work has been recognized for its excellence in national and global rankings:
- 22nd globally and 2nd among Big Ten public institutions; 2019 World's Most Innovative Universities
- 8th in the US for “innovation impact” and 2nd among Big Ten Public Institutions; George W Bush Institute
- 17th globally for Universities Granted US Utility Patents and 4th among Big Ten public institutions; National Academy of Inventors
- 6th among all US public research institutions and 2nd in the Big Ten; Milken Institute's "Best Universities for Technology Transfer" report
- The University signed onto COVID-19 Licensing Guidelines aimed at getting UMN innovations that could fight the virus and the COVID-19 pandemic into the marketplace as quickly as possible
- Discovery Launchpad, a business incubator for UMN startups that launched in 2018, had 18 participants, with 12 completing the program in FY2020
- Discovery Capital, a program to help provide matching investment capital to UMN companies, evaluated 14 opportunities, investing a total of $1.2 million in six startups
- Three UMN startups received Minnesota Tekne Awards: Startup Division - Anatomi; AgTech Division - Calyxt; and Special SBIR Honoree – NovoClade
- The University has spun out 170 companies since FY2006, with operations across a diversity of fields and 74 percent being Minnesota-based