The University of Connecticut is emerging as an entrepreneurial powerhouse.
In a cluttered but shiny new lab, researchers are searching for new cures for your pet’s cancer. In a classroom high above campus, a team of undergraduate entrepreneurs present their idea for a way to provide easier, more secure remote online voting. In a clean workshop, engineers of a family-owned small parts manufacturer and a faculty advisor watch as a state-of-the-art 3D printer turns out a solution that will save hundreds of thousands of dollars in costs annually. And at a workstation on the other side of campus, two graduate students study the results of a test on their new diagnostic technology for cancer, a test conducted on the International Space Station.
This is the University of Connecticut, transformed in the last 30 years into a research and innovation powerhouse. More than 600 U.S. patents in the past 10 years have been based on UConn technologies.
Today, UConn is home to more than 80 research centers and institutes, including the Pratt & Whitney Additive Manufacturing Center, the Center for Clean Energy Engineering, the Center for Hardware Assurance, Security and Engineering, and more. And integrated into almost all this research is a commitment to knowledge and technology transfer – to applying the results of academic research to provide solutions that improve lives, create new business opportunities, and keep Connecticut at the forefront of innovation.
The commitment to innovation begins at the undergraduate level, driven by the Peter J. Werth Institute for Entrepreneurship & Innovation. Launched in 2017, the Werth Institute serves as home to more than 30 programs supporting research commercialization, tech transfer and innovation, and academic preparation for student entrepreneurs, from the classroom through launch of new companies.
UConn’s second on-campus entrepreneurship hub is the Innovation Partnership Building (IPB), a cutting-edge interdisciplinary center where cross-disciplinary research teams develop novel approaches to critical real-world problems in fields ranging from manufacturing to biomedical devices to cybersecurity. IPB researchers work on a daily basis with Connecticut companies, from Fortune 50 companies to family-owned custom component manufacturers, applying their technological and intellectual firepower to solving problems and increasing capabilities.
The UConn Technology Incubation Program (TIP) provides lab and office facilities, business support, and access to potential investment opportunities to our highest potential research-based entrepreneurs. Since 2003, TIP companies have raised more than $260 million in equity and debt, $70 million in grant funding, and have approximately $60 million in revenue. Current TIP companies include several of the companies highlighted in this CTNext website, in bioscience, biotech, personalized medicine and therapeutics, telecommunications, pharmaceuticals and more.
For more information about UConn’s support for innovators and entrepreneurs, visit https://entrepreneurship.uconn.edu/.