The Office of Technology Development is accelerating BU spin-offs by investing in infrastructure elements: the Kindle mentoring program, Ignition Grants for faculty and Launch Award convertible debt funding and Business Incubation.
In 2010 we funded 11 Ignition grants ($500K), two Launch Awards ($350K) and currently have 86 mentors and 49 mentee projects being mentored. We have 15 companies in the incubator (including Good Start Genetics who just raised $18M). Furthermore we are creating a co-working space in the incubator with 10 desks available for individual entrepreneurs.
We have spun-off 21 companies who have either raised funding or are about to raise funding (see table below). Please contact us if you are interested in learning more about any of these projects.
Have a safe and happy holiday season.
Vinit Nijhawan, OTD Managing Director