The rising number of university startups is a good indication that Oregon's focus on commercializing university research is beginning to pay off. Streamlining the process which transfers university research to new business ventures will increase Oregon's ability to attract new investment and encourage collaborative partnerships between researchers and entrepreneurs.
University startups—companies formed from university research—measure the number of new businesses that are created as a direct result of university intellectual property. This measure demonstrates the strength of Oregon's university system in commercializing research and fostering entrepreneurship.
Oregon ranked 6th nationally in university startups in 2007. University startups in the state rebounded in 2007 after decreasing in 2006. This change demonstrates the ability to commercialize technology. However, to reduce pipeline volatility, the state should continue to focus on commercializing research and utilizing research funding for market ready products at Oregon universities. See Figure 18.
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DesignMedix, which spun out of Portland State University in 2006, is an eastern Oregon-based biotech company developing new drugs to combat infectious diseases. Through its partnership with OTRADI, the company has identified new anti-bacterial drug candidates able to kill E. coli bacteria.
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