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Business

Over 200 startups worth over 1 trillion yen

TOKYO -- The University of Tokyo, also known as Todai, is now proud parent to more than 200 startups born from university patents and personnel. Those startups have a combined value exceeding 1 trillion yen ($8.07 billion), and in fiscal 2013 they garnered the university record-high revenues exceeding 610 million yen through avenues such as patent royalties and listings on stock markets.

     The university's Division of University Corporate Relations recently conducted a survey to calculate the scale of Todai's startups. It looked at companies set up to commercialize university patents and research results, and also included companies founded by Todai graduates, companies whose management teams include university professors, and companies in which university-affiliated venture capital firms have made investments.

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