Touting its research and ability to turn that into money-making inventions and companies, the University of Michigan said it broke records this fiscal year, starting 19 new companies last year, up from 14, and generating $78.8 million in licensing revenues, up from $18.5 million, from a year ago.

The money goes back to the university as well as to the faculty and students who did the research, said Ken Nisbet, the university’s associate vice president for research–technology transfer.