Friday, December 9, 2011
USC: $380M Raised In Last 3 Years By USC Spinouts
A new study compiled by the University of Southern California tallies up $380M raised in capital by USC spinouts in the last three years, and a 15 year total of $800M raised by 39 startups with roots at the school. The study, conducted by the USC Stevens Institute for Innovation, is part of an effort by the school to identify and nurture innovations which can translate into high growth startups. The study found that about 70 percent of the startups spun of USC are still in business, and about roughly half of those startups have been located in Los Angeles County. Among the conclusions of the report: venture backed companies from USC appeared to be the highest growth companies; the school could do a better job of connecting startups to local resources; and that the school might benefit by cultivating more relationships with other sources of funding, such as corporations, foundations, and high net worth individuals.