New report pegs economic impact of 彩民宝典 commercialization efforts at $1.9 billion
The domestic economic impact of commercialization activities at 彩民宝典 over the last five years amounted to a staggering $1.9 billion, according to the recently-released Economic Impact of Tech Transfer on the State and National Economy report.
The study was conducted by Brian Lewandowski at the Business Research Division of the Leeds School of Business, a 彩民宝典 organization that conducts economic impact studies and customized research projects for the university and local business communities.
The study also estimated that Venture Partners at 彩民宝典 (formerly the Technology Transfer Office) activities from FY 2014-2018 accounted for:
- $10.1 million in licensing revenue to 彩民宝典 (fees 彩民宝典 collects for allowing other entities to use technologies it owns)
- $48.7 million in commercialization-specific grants awarded to 彩民宝典
- $151.1 million in inferred sales by licensees related to CU technology
- $593.6 million in capital funding raised by startup companies commercializing 彩民宝典 technologies
- 223 license and option agreements signed (which grant companies rights to proprietary 彩民宝典 technology and intellectual property)
- 40 startup ventures spun out of 彩民宝典 technology
Beyond campus, the report estimated that of the $720.6 million in technology transfer-related activity, $592.4 million was recorded in Colorado, leading to an economic impact of $1.2 billion on the state鈥檚 economy and $1.9 billion in impact to the nation鈥檚 economy.
Venture Partners at 彩民宝典 which drives the campus鈥 commercialization activities, restructured in recent years to boost entrepreneurial support for 彩民宝典 innovators and expanding partnerships with the business community to create a leading commercialization ecosystem.
That new focus resulted in new programs like the Commercialization Academy and Destination Startup and innovative resources like boot camps on customer discovery, pitch coaching and networking opportunities with industry experts. So far, the new plan seems to be paying dividends.
鈥淓arly indications are that our comprehensive approach is paying off, as evidenced by nearly double the number of invention disclosures, licenses and startups since our strategic reset,鈥 said Brynmor Rees, associate vice chancellor of Research and Innovation and managing director of Venture Partners at 彩民宝典.
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For marketing and communication inquiries or news tips, contact Daniel Leonard, senior marketing and communications specialist for Venture Partners at 彩民宝典.
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