Business & Economic Development
The MU Life Science Business Incubator helps launch startup companies based on faculty and student innovations and also recruits young companies to Columbia to collaborate with MU researchers. For example, Shasun, an international pharmaceutical company based in India has joined MU nanomedicine experts in developing a cancer treatment that uses gold nanoparticle technology. Their new company, Shasun-NBI, is located at the incubator.
During fiscal years 2009-11, MU’s Extension Business Development Program generated $2.4 billion in economic impact for the Missouri economy, helping clients increase sales by $885 million, gain $978 million in government contracts and create 27,153 jobs.