The Utah Science Technology and Research (USTAR) initiative was established in 2006 though the vision of Utah’s governor, legislature and business community. USTAR plays a critical role in transforming ideas and research into disruptive products and services that promote the continued growth and diversification of Utah’s Economy.
Focused on Utah’s current and emerging economic clusters, USTAR provides technology entrepreneur services, competitive grant funding, mentoring, and incubation facilities. USTAR’s programs are designed to increasingly diversify the state’s economy while helping create high quality jobs and new companies.
In FY2017 alone, USTAR funded more than 70 grant projects across the state, providing funding in critical stages in technology development to help researchers, entrepreneurs and scientists more their projects toward commercialization. Through its technology entrepreneurship services, USTAR provides specialized training and equipment through its incubation facilities and satellite offices. Lastly, at its initial founding, USTAR recruited principal researchers for their research contributions and potential for developing commercially viable technology to work at the state’s two research institutions, the University of Utah and Utah State University.
Utah will lead the nation as the best performing economy, and be recognized as a premier global business destination.
Build a robust innovation ecosystem in the State of Utah.
USTAR’s mission is to accelerate the commercialization of science and technology ideas generated from the private sector, entrepreneurial and university researchers in order to positively elevate tax revenue, employment and corporate retention in the State of Utah.
KEY USTAR TASKS
- Support technology entrepreneurs and innovators through training, funding, incubator and accelerator programs
- Broker technology transfer by connecting capital, management and industry
- Address market gaps in Utah’s technology ecosystem
- Strengthen Utah research capacity