As one of the world’s premier research universities, the University of Washington’s (UW) impact is felt far beyond Seattle, driving economic growth at the local, state, and national level, while spurring groundbreaking innovations.
In fiscal year 2023, UW secured $1.87 billion in external funding, with $1.52 billion coming from federal funds, more than any other public university in the U.S. The funding proved to be a valuable investment, sparking $2.6 billion in economic impact across Washington State, and sustaining more than 10,000 jobs.
CoMotion, UW’s collaborative innovation hub, transforms federally funded research into real-world innovations to drive economic growth. Over the past decade, CoMotion startups have generated more than $8.6 billion in economic impact. In just the last five years, CoMotion has facilitated the creation of 2,014 technology licenses and supported the launch of 52 new startups. Since its inception 36 years ago, CoMotion-affiliated companies have collectively generated an impressive $19.9 billion in economic impact. As of July 2023, 110 active UW spinoffs employ more than 1,071 people, cementing CoMotion and UW’s role as a catalyst for entrepreneurship and industry advancement thanks to federal funding.