Tech-transfer slowly rebounding at Rainforest Innovations - Albuquerque Journal

Tech-transfer slowly rebounding at Rainforest Innovations

Rainforest Innovations’ fiscal year 2022 technology-transfer achievements clearly reflect today’s post-pandemic trends, with entrepreneurial interest by UNM faculty and investor pursuit of university inventions on the upswing again, but still noticeably below previous years.

The latest annual metrics for FY 2022, which ended June 30, show UNM-related startup formation and invention disclosures by university researchers slowly rebounding.

Investors formed eight new companies to take UNM technologies to market this past year. That’s up from four in 2020 and six in 2021. But it’s still well below the annual average of nearly a dozen startups between 2016 and 2019.

And new licensing agreements for investors to commercialize UNM technology remains depressed, with only 41 licenses signed last year, down from 53 in 2019.

Likewise, faculty invention disclosures have climbed somewhat, from 81 in 2021 to 94 this past year. That’s critical, because those disclosures provide the needed pipeline of new technologies for Rainforest Innovations to seek patents, which they then license to entrepreneurs to take to market.

But disclosures remain well below the prepandemic average of 115 faculty inventions per year between 2016 and 2020.

And that, in turn, has led to much fewer patents filed by Rainforest Innovations, reflecting three years of steady decline since 2019.

“Patent applications mirror activity with faculty disclosure rates,” said Rainforest Innovations President and CEO Lisa Kuuttila. “If that goes down, patent work goes down.”

Still, with disclosure rates up a bit, and startup formation gradually rising again, tech-transfer activity is on the rebound, Kuuttila said.

“We’re not at prepandemic levels, but things are getting better,” she said. “We’re seeing a lot more activity from investors and entrepreneurs looking at our technology portfolio. We’re fielding a lot of new inquiries now, with one or two calls every week.”

Home » ABQnews Seeker » Tech-transfer slowly rebounding at Rainforest Innovations

Insert Question Legislature form in Legis only stories




Albuquerque Journal and its reporters are committed to telling the stories of our community.

• Do you have a question you want someone to try to answer for you? Do you have a bright spot you want to share?
   We want to hear from you. Please email yourstory@abqjournal.com

taboola desktop

ABQjournal can get you answers in all pages

 

Questions about the Legislature?
Albuquerque Journal can get you answers
Email addresses are used solely for verification and to speed the verification process for repeat questioners.
1
Ready for Rihanna? A look at five songs that ...
ABQnews Seeker
Journal Staff WriterI am not sure ... Journal Staff WriterI am not sure if you have heard, but there is a football game this ...
2
Valentine's Day in Albuquerque: Lovers, friends and lonely hearts ...
ABQnews Seeker
There are plenty of fun options ... There are plenty of fun options for everyone to celebrate on or around the occasion
3
Ethics board fines ex-commissioner for taking lobbyist’s contribution
ABQnews Seeker
An ethics board has determined former ... An ethics board has determined former Bernalillo County Commissioner Charlene Pyskoty violated county code by accepting a large campaign contribution from a lobbyist who ...
4
Texas man pleads guilty in racist 2019 Walmart attack
ABQnews Seeker
EL PASO, Texas (AP) -- A ... EL PASO, Texas (AP) -- A Texas man pleaded guilty Wednesday to federal hate crime and weapons charges in the racist attack at an ...
5
Tucumcari mother and son charged in fatal dog attack
ABQnews Seeker
A mother and son are charged ... A mother and son are charged with involuntary manslaughter after the family’s dogs killed a man last week while running loose on the streets ...
6
PRC commissioners confirmed by Senate after pointed questions about ...
ABQnews Seeker
New Mexico's three recently-appointed Public Regulation ... New Mexico's three recently-appointed Public Regulation Commission members won confirmation Wednesday by the state Senate, after facing questions about their business interests, past industry ...
7
Forest Service conducts prescribed burns in New Mexico
ABQnews Seeker
"We're doing everything we can to ... "We're doing everything we can to be prepared and prevent an unintended outcome," said Cibola National Forest Fire Fuels and Aviation Staff Officer Matt ...
8
7 activities around the state to love this Valentine's ...
ABQnews Seeker
This weekend leads into Valentine's Day, ... This weekend leads into Valentine's Day, a holiday commonly associated with amor. Here are some activities to help you spend time with those you ...
9
Person fatally shot outside truck stop in Northwest Albuquerque
ABQnews Seeker
A person was shot and killed ... A person was shot and killed at a truck stop Wednesday afternoon in Northwest Albuquerque. Gilbert Gallegos, an Albuquerque police spokesman, said police responded ...