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Program aims to increase faculty startup companies

Alex Geiser

A new program within UT’s Office of Technology Commercialization will increase the number of startup companies the University produces, despite the fact that UT-Austin already generates more ventures than any other institution in the UT System.

The New Ventures program will focus solely on creating new startups and innovative startup programs based exclusively on research and inventions coming out of UT-Austin faculty.

Betsy Merrick, associate marketing and public relations director for the commercialization office, said the New Ventures specialist will hopefully begin working with the program within the next six months. UT created 46 new startup companies between 2002 and 2009, according to data from the commercialization office.

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