Purdue Patents Lead to Millions in Startup Funds

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

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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 non-patented discoveries made at Purdue.

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

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

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