The Internet search engine Lycos began as a research project by a professor at the Carnegie Mellon University in 1994. Five years later, it became the most visited site in the world, with a global presence in more than 40 countries.
All over the world, governments are showing greater interest in university spinoffs. European governments are pouring resources into universities with the goal of turning them into engines of economic growth through spinoff company formation. The Japanese government recently changed its intellectual property laws to favor spinoff company formation.
Academic entrepreneurship | Manila Bulletin