TLDR:
University of Utah and EPIC Ventures have launched a new fund called University of Utah Ventures, aiming to support early-stage technology companies across various sectors. The fund will leverage the UofU’s research funding and alumni founders with EPIC Ventures’ expertise in scaling businesses.
Full Article:
EPIC Ventures and the University of Utah have announced a partnership to launch University of Utah Ventures, Powered by EPIC. The fund aims to catalyze growth for early-stage technology companies in sectors like software, health, life sciences, and financial technology.
The partnership combines the University of Utah’s innovation engine with EPIC’s extensive network, positioning itself to foster innovation within the institution and drive economic growth in the region. The fund will leverage the UofU’s research funding and alumni founders, along with EPIC Ventures’ expertise in scaling successful businesses.
University of Utah Ventures is part of a larger strategic plan by the UofU to improve technology transfer processes, include commercialization earlier in the research pipeline, and support faculty entrepreneurs. The fund will provide opportunities for startups, faculty spinouts, and external entrepreneurs to capitalize on the resources and industry expertise of the UofU and EPIC Ventures.
The collaboration between EPIC Ventures and the University of Utah is seen as a major milestone in the university’s journey to become a leader in innovation and commercialization. Both parties are excited to work together to empower entrepreneurs and transform ideas into impactful businesses.
The fund will provide another layer of capital to fuel the growth of early-stage companies, bolstering the Utah Innovation Fund’s capacity in driving commercialization efforts. This initiative aims to build a comprehensive ecosystem that fosters innovation, drives economic growth, and solidifies Utah’s reputation as a leader in translating academic research into real-world impact.
Overall, the partnership between University of Utah Ventures and EPIC Ventures brings together research funding, expertise, and a commitment to supporting early-stage technology companies, with the goal of fostering innovation and driving economic growth in the region.
