$35.6 billion invested globally in university spinouts between 2013-2016
Over the past four years, 1,668 deals involving university spinout companies from across the globe attracted approximately $35.6 billion from 2013 to 2016, according to a new report from Global University Venturing. The report, however, highlights that global deals peaked in 2014 with 529 deals and total investments dollars peaked in 2015 with nearly $14 billion invested. As the authors highlighted, these global numbers were unsustainable and 2016 saw significant declines in both deals and dollars. In 2016, the total deals reported were 407 (21.6 percent decrease from 2015) and dollars invested was $6.4 billion (a 54.3 percent decrease from 2015).
University conferences aim to win with entrepreneurship
A new platform to match promising start-ups with experienced business executives, investors and startup mentors from participating school’s alumni ranks is reporting momentum.
A new platform to match promising start-ups with experienced business executives, investors and startup mentors from participating school’s alumni ranks is reporting momentum. Following a year of development, the University of Kentucky last month announced the launch of the Southeast Executives-on-Roster (XOR) and the Midwest Executives-on-Roster (XOR) platforms, collaborations between regionally-partnered universities to broaden access to experienced entrepreneurial talent and match that talent to university-affiliated startups in need of executive management. SSTI learned more about the program through interviews with two of the universities involved.
Georgia Research Alliance companies raise more than $2B in venture capital
The Georgia Research Alliance (GRA) — a nonprofit working to grow Georgia’s economy through supporting research at state universities — recently announced that its portfolio of companies had raised more than over $2 billion in venture capital. These startups also had a high survival rate — 88% were still in business four years after launch, outpacing the national average of 44%. Along with this announcement, GRA released 2021 data on their economic impact on the state, demonstrating growth from the previous year.