`

Purdue says startups have raised $96 million over 2 years

March 4, 2016

Purdue University says startup companies based on patented discoveries made at the school have raised $96 million in venture funding over the past two years and created 156 jobs.

The university said in a news release Thursday that a total of 49 startups were involved. Another 39 startups began based on non-patented discoveries made at Purdue.

Dan Hasler, president and chief entrepreneurial officer of the Purdue Research Foundation, said the past two years have been a period of intense startup activity at Purdue.

The new companies are based in the engineering, industrial technology, information technology, life sciences, nanotechnology, pharmaceuticals and software sectors.

ADVERTISEMENT

Recent Articles by Associated Press

Comments powered by Disqus