University of Michigan spinoffs up from last year with
increased research spending
from Crain's Detroit Business
Increased research spending has boosted commercialization and licensing at the University of Michigan after a slower 2009, according to figures released by the University of Michigan Tech Transfer office. Research spending at the university was $1.14 billion during fiscal year 2010, which is an increase of 12 percent from last year. Fiscal year 2010 ended June 30. As a result, the University of Michigan spun out 10 startups during the last fiscal year, up from eight in fiscal year 2009, but down from 13 in 2008. Recent spinoffs include Tangent Medical Technologies Inc., HistoSonics Inc. and Fusion Coolant Systems Inc. At Fusion, money from the University of Michigan Tech Transfer Gap Fund, the College of Engineering Translational Research Fund and the National Science Foundation is helping efforts to commercialize the non-toxic, renewable lubricant it developed for the automotive and aerospace industries.
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