State tech tour wraps up, Wayne State innovations stand out

The Great Lake IT Report's Fall Tech Tour traversed the state, then finished up at Wayne State University, where editor Matt Rousch was dazzled by the amount of innovation he saw coming out of the university.

Excerpt:

In Wayne State's 2006 fiscal year, the school took in $4 million in licensing revenue from 30 companies, an amount up 23 percent from the prior year. The number of patent applications rose 63 percent and patents granted doubled. The number of invention disclosures and license and option agreements dropped slightly but the university created two start-up companies developing therapeutic-diagnostic products. There are several start-ups in the pipeline and seeking investment from the venture or angel investor community.

Read the entire report here.
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