High-Tech Startup Companies Resulting from UT Technology More Than Double

The University of Tennessee has helped establish nine startup companies based on technology developed by UT faculty over the last fiscal year, more than doubling the total from a year ago. The companies licensed technology from the university through the UT Research Foundation (UTRF), the not-for-profit organization responsible for commercializing and licensing technology discovered by faculty across the University of Tennessee System. Nine high-tech companies were created in the fiscal year ending June 30 while four were started in FY11. From 1999 to 2011, UTRF spun out a total of thirty-two companies based on UT intellectual property, averaging two to four companies a year for the past five years.

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