Startups spun out of University of Colorado technology have enjoyed a much higher survival rate than the average small business nationally or statewide, according to figures released recently by CU’s technology transfer office.
All but 27 of the 132 companies formed around CU technology since the school’s 1994 fiscal year are still operating or have been acquired by companies still operating. That’s not counting nine more that have been formed in fiscal year 2014, which runs through June 30. The latest CU figures cover only companies formed through fiscal year 2013.
Impressive as the numbers are on their face, a closer look shows that – of the 83 companies old enough – 68 survived at least five years. That 82 percent five-year survival rate holds true for companies formed from fiscal year 1996 to 2006, the period analyzed by the Colorado Innovation Network for its 2013 Innovation Report.