TLDR:
- The University of Utah and EPIC Ventures have partnered to launch University of Utah Ventures, Powered by EPIC.
- The fund aims to catalyze growth for early-stage technology companies across various sectors.
The University of Utah has joined forces with EPIC Ventures, a venture capital firm based in Salt Lake City, to establish University of Utah Ventures, Powered by EPIC. This collaboration aims to combine the U’s innovation engine with EPIC’s vast network to drive growth for early-stage technology companies in software, health and life sciences, and financial technology sectors. The partnership leverages the U’s significant research funding and alumni founders with EPIC Ventures’ expertise in scaling successful businesses.
The fund, facilitated by the Utah Venture Hub, will connect faculty entrepreneurs with experts in business and early-stage capital to fuel spin-out companies. The initiative is part of a larger strategic plan to enhance technology transfer processes and spur economic development. EPIC Ventures, with almost three decades of experience, brings valuable insight to the partnership, aiming to create a lasting legacy of innovation in the Intermountain West.
This collaboration is not just about capital; it aims to build a comprehensive ecosystem for fostering innovation and driving sustainable economic growth in Utah. By combining resources and expertise, the University of Utah and EPIC Ventures are positioning themselves to be leaders in translating academic research into real-world impact.
