January 10 2019
WEST LAFAYETTE, Ind. – Purdue University hit a milestone in startup creation in 2018 with 223 startups, more than $350 million in funding and investments generated and more than 300 new jobs, officials announced today (Jan. 10).
“Purdue has a 150-year history of producing world-class research. Five years ago we set out to establish an equally strong commercialization ecosystem to ramp up the translation of this research into the market and into real-world solutions,” Purdue University President Mitch Daniels said. “These efforts are clearly beginning to bear fruit, and to encourage us that these gains are just a beginning.”
Nearly 130 of the startups have licensed Purdue University intellectual property through the Purdue Research Foundation, Office of Technology Commercialization. The remainder of startups
affiliated with Purdue in some way and/or based on company-owned intellectual property bringing the startup total to 223 startups since 2013. More than 60 of the company-owned startups are founded and owned by Purdue students who in 2013 were granted the right to own the intellectual property that they generated as students at the university. Click here for a complete list of Purdue startups from years 2013-18.
“West Lafayette truly is ‘Startup City,’” West Lafayette Mayor John Dennis said. “The strong pipeline of innovation and entrepreneurial support from Purdue along with the economic environment climate here and across the Greater Lafayette area equate to new technologies, new companies and new jobs across the board.”
The 223 Purdue licensed-IP startups or startups affiliated with Purdue:
- Startups raised $352 million in funding.
- 210 are in active operation.
- 186 are based in Indiana.
- 128 licensed Purdue Intellectual Property.
