From sports equipment to predicting ice formations, University of Michigan researchers had a record year coming up with inventions and ways to commercialize them.
Michigan researchers will announce Monday the highest number of new inventions and signed agreements to commercialize technologies within the Office of Technology Transfer during the 2014 fiscal year. Researchers reported 439 new inventions, an increase from 421 last year. The U-M Tech Transfer office also recorded 148 option and license agreements compared with 108 agreements last year.
Fourteen start-ups were launched through the Office of Technology Transfer’s Venture Accelerator, bringing the number of businesses launched in the last five years to 55. The accelerator is a business incubator the university created.
“The Tech Transfer helped with all those things that you need to build a solid base,” said MJ Cartwright, CEO of Court Innovations, one of this year’s start-ups. “The major thing is the University of Michigan is going to have ongoing research development going forward. It’s very critical for us to have that grounding in research.”
In addition to Court Innovations, which is a creator of online guided negotiations between courts and citizens, this year’s start-ups include Mia Motors, which creates energy storage and wireless charging systems for electric vehicles.