Oct. 29--Two companies that had their start courtesy of cutting-edge research at the University of Colorado were cited today in a national report that highlighted the success of 100 university spinoff companies boosted by federally funded research.
The report was released by the Science Coalition, a nonprofit, nonpartisan organization of more than 50 of the nation's leading public and private research universities, including CU.
The two Boulder startup companies highlighted in the report, according to a news release, are ColdQuanta and LineRate Systems.
ColdQuanta grew out of decades of research by CU Professor Dana Anderson and his work at JILA, a collaboration of CU and the National Institute of Standards and Technology, to make ultracold-matter systems simpler, more compact and more practical through the applied research development of atom chip technology.
LineRate Systems' core technology, which helps companies scale their network services to support growing web traffic, grew out of John Giacomoni's graduate research at CU studying high-performance network systems and design. Formed in 2008 by Giacomoni and former CU computer science Assistant Professor Manish Vachharajani, LineRate Systems was acquired by F5 Networks this year for $125 million.
"The federal investment to basic research activity at CU-Boulder and other universities around the nation has resulted in thousands of key discoveries and the development of hundreds of spinoff companies in fields like biotechnology, engineering, energy and biomedicine," CU-Boulder Chancellor Philip P. DiStefano said in the news release.
The new Science Coalition report, as well as university startup company success stories, is available at sciencecoalition.org.
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