WEST LAFAYETTE, Ind. (WLFI) — Purdue University has launched more than 100 startups since 2013. The startups have brought in more than $271 million in funding.
In the last four years, students at Purdue have created 165 startups, 100 of which have licensed a product through Purdue. Out of those 165 companies, 93 are still here in Greater Lafayette.
The Foundry has certainly been a place that's been a hotbed for startups. It's been teaching valuable skills to aspiring entrepreneurs including, founder of Drug-Free Therapeutix Matthew Ward, for years. Ward was the first startup at Purdue.
"I wanted to make a difference in people's lives and through medicine and bio-medical engineering this startup company has allowed me to take an active stance in doing that," said Ward.
Mitchell Tuinstra is the 100th startup at Purdue and he's the founder of Cropi Analytics.
"It's really amazing to have an opportunity to be engaged with the foundry here at Purdue."
The startups have also lead to more than 200 jobs.
Wednesday night, dozens of people came out to celebrate the success of those companies at Purdue's 100th startup celebration at Purdue's Railyard.
Purdue Research Foundation Senior Vice President Gregory Deason expects that number to continue to rise.
"We see 25 or so startups every year here that are based on Purdue technology," said Deason. "In fact, we've seen another 15 or so that have emerged just amongst the rest of the teams that are here at Purdue. So at a clip of 40 or so a year it should happen in the next two or three years again."
Some of the startups include innovations from law enforcement visual analytic programs, food safety, games and fitness apps.