| 2008 Highlights |
Turning Innovation into Industry
- Assisted 70 inventors and entrepreneurs, helping to secure $3.85 million in equity financing and supporting 11 technology incubation projects.
- Analyzed new markets for USU’s Center for Active Sensing and Imaging, and other consulting to USU researchers, with the goal of new company creation.
- Brokered nine sponsored research projects at WSU, and set up research collaboration between WSU and USU.
- Supported WSU faculty with patent evaluations and two new patent filings.
- Established a WSU technology commercialization office and processes.
- With Grow Utah Ventures, launched the country’s first outdoor product innovation contest, with the goal of boosting the City of Ogden’s recreational products industrial base through start up ventures.
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| 2009 Goals |
High-flying Results
- Continue connecting innovators with investors to obtain equity financing (currently $8.75 million in negotiation)
- Bring additional revenue to WSU and additional value to key Northern Utah companies through expanded sponsored research projects (currently eight under negotiation)
- Assist USU and WSU researchers in standing up new companies
- Increase the number of WSU faculty technology incubation projects.
- Continue to work with private and public stakeholders to improve the number and quality of technology-based entrepreneurial companies in Northern Utah.
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While USTAR faculty focus on research, Technology Outreach provides support for business development and launching new companies.
Consolidating the Gains
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USTAR is a technology-based economic development program that originated in March 2006 after a comprehensive study of best practices in other states’ programs. A key component of USTAR’s success is the business-savvy Technology Outreach program. As the Northern Utah office demonstrates, Technology Outreach helps move new technology out of the lab and into the marketplace.
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