* Real Estate: Local ventures' offices and labs occupy approximately 125,000 square feet of real estate in Charlottesville/Albemarle.
* Products: A total of 342 products are currently on the market or in development with these ventures. (Products founded on University research are represented on U.Va. Innovation's product pipeline.)
* Sponsored Research: The innovation-based companies have invested approximately $14 million in sponsored research at U.Va., funding research and development in University labs.
"U.Va. affiliated spin-off companies comprise an important part of the innovation and research ecosystem around U.Va. and the Charlottesville region," said Thomas C. Skalak, U.Va.'s vice president for research. "The continuum of research activities supported by U.Va. - basic research, translational and proof-of-concept programs, and robust technology transfer and new business development focusing on our innovation assets - helps to ensure that our research enterprise is well-connected with the economy of the region, the Commonwealth, the nation and the world."
The companies surveyed reported receiving support from a number of U.Va. and community resources, including U.Va. Innovation's Venture Forward business mentoring network, the U.Va.-Wallace H. Coulter Translational Research Partnership, U.Va.'s i.Lab Incubator, the Carilion Biomedical Institute, the Charlottesville Technology Incubator and the Central Virginia Small Business Development Center.
"The amount of effort U.Va. contributes to helping spin-out companies become successful is unsurpassed," said Jeff Pompeo, CEO of Charlottesville biotech company PocketSonics Inc., maker of the Sonic Window pocket-sized ultrasound imaging device. "The licensing group in particular works diligently to help create and sustain win-win partnerships throughout the dynamic life-cycle of a startup."
In March, Virginia Gov. Robert F. McDonnell approved a state budget amendment providing $1 million to create a U.Va. economic development accelerator "to increase research and promote technology-based business development."
"U.Va. Innovation is a unique, enterprise-focused innovation management organization providing best practices in technology transfer, intellectual property management and commercialization to the U.Va. research and entrepreneurial community," said W. Mark Crowell, executive director of U.Va. Innovation and associate vice president for research at U.Va. "We are committed to facilitating the translation and commercialization of U.Va.'s innovation assets in ways that advance knowledge, create new businesses and jobs and facilitate the development of new products for the marketplace. We congratulate our network of affiliated spin-off companies for their tremendous record of success."
For information about U.Va. Innovation, click here (http://innovation.virginia.edu/). For a listing and interactive map of companies founded on U.Va. research discoveries, click here (http://innovation.virginia.edu/impact/ventures).
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