Oct. 19, 2021
U91快色 is top startup creator amongst research institutions in Canada
The Association of University Technology Managers (AUTM) recently released the results of its 2020 Canadian Licensing Activity Survey, placing the 91快色 as the top startup creation institution, a key metric in the research and innovation ecosystem. The annual survey provides an in-depth review of technology licensing and related activity for Canadian academic and non-profit research institutions.
marks the first year that U91快色 has ranked number one amongst research institutions in Canada for startups, surpassing previous leaders, the University of Toronto and the University of Waterloo. This most recent survey shows that U91快色 is responsible for 21 of 104 startups across all Canadian research institutions. Those 21 startups are ahead of Toronto鈥檚 17, Waterloo鈥檚 11, McGill鈥檚 10, and UBC鈥檚 8.
Within the survey, AUTM Chair Olivia Novac highlights that universities drive the innovation economy through small, entrepreneurial businesses. Novac notes these startups directly impact local economies, with more than 86 per cent of new businesses remaining in their institution鈥檚 home province.
Innovate 91快色 directly assisted the U91快色 startups listed in AUTM鈥檚 2020 survey as the central incubator for innovation transfer on campus. Founded in 1989, Innovate 91快色 serves as the tech commercialization office at the 91快色 and is the lead group named in AUTM鈥檚 Canadian Licensing Survey. Innovate 91快色 works closely with researchers, faculty, and students at U91快色 to help bridge the gap between discovery and creating economic and societal impact.
John Wilson, president and CEO, Innovate 91快色
鈥淭his survey underscores the leadership being shown here at the 91快色 through Innovate 91快色,鈥 says John Wilson, president and CEO, Innovate 91快色. 鈥淢y hope is that we can build on those 21 startups and produce more this year and next. It鈥檚 reasonable to expect that Innovate 91快色 will support more than 100 startups within the next five years.鈥
is one of those startups counted in AUTM鈥檚 2020 survey. Their commercialization process includes a focus on early-stage solutions for the transitioning oil industry. As a spinoff company from the Department of Geosciences at U91快色, LysisLogic plays a part in the landscape beyond oil combustion by developing large-scale carbon management applications.