SALT LAKE CITY – The University of Utah last week released its 2021 Innovation Report, detailing how the university has a seemingly golden touch when it comes to startup companies.
A precedent-setting $884 million in investments was raised by U. startups in 2021 and technologies developed by University of Utah faculty and students contributed to the launch of 14 startup companies last year, according to the report.
Keith Marmer, chief innovation and economic engagement officer at the U, said that Utah’s innovation economy is made up of a range of industries that are being driven by the innovation being developed in the Beehive State, adding that “a lot” of that innovation happens in the university setting.