Facts
- At least 494 new companies based on an acedemic discovery were formed in FY01 - 84% in the University's home state.
- Four companies started from Marshall University technologies are still in West Virginia and active.
- West Virginia University lists 27 firms started within the University... and NONE have left the state.
TBED in West Virginia
West Virginia has an active research and technology community, with particular strengths in energy, biometrics, biotechnology, and chemicals and materials. Companies like MATRIC, Touchstone, and Protea are leading the way, creating jobs and opportunities for West Virginians.
The state has seen strong growth in research at the state’s research universities, particularly Marshall University and West Virginia University, with an increased emphasis on technology transfer and commercialization needed to create new companies and jobs.
Still, an increased emphasis on TBED is needed for WV to compete with neighboring states and offer larger economic opportunities.