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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