May 17, 2012

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah


Martin Plaehn

Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

In the Lab

Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

A Breath of Fresh Air

Worst-Case Scenario

Regional Report
Northern Utah

Measure Up

Industry Outlook
Travel & Tourism



Utah Technology Commercialization and Innovation Program Approves 19 Grants

Press Release

May 17, 2012

The Utah Governor’s Office of Economic Development (GOED) recently approved $760,000 of grants in support of new technologies that universities and university licensees are seeking to commercialize in Utah. The grants are designed to help build companies, create jobs and drive economic development in the state.

Based on the recommendations of a panel of private sector industry experts, the state approved Technology Commercialization and Innovation Program (TCIP) grant funding for 19 projects. Several of the awardees were new grant recipients, while others received follow-on grants for existing companies and projects (companies may obtain up to two grants for the same application of the same technology). In addition to demonstrating their technology’s economic potential, startups must demonstrate their ability to achieve important milestones in their progress and match the TCIP grants with federal or private money to leverage the State’s investment.

Through the TCIP program, the State invests approximately $1.6 million a year in support of university technology commercialization with a focus on innovation in Utah’s most robust economic clusters: life sciences, information technology, manufacturing, materials, energy and the environment.

“The State’s TCIP critical-stage grant program continues to directly sustain dynamic research and promising technology being developed at Utah’s public and private colleges and universities,” said David Bradford, TCIP program director. “Three-quarters of a million dollars in grants have been awarded to research teams and entrepreneurs who are attuned both to commercializing innovations from our institutions of higher education and to propelling the State’s economic engine.”

Funded TCIP projects range from a minimally invasive pressurized water dental drill technology and a wireless surgical laparoscope to an “undefeatable” motion detection sensor and a proprietary technology that re-engineers axle and drivetrain components for more efficient vehicle power transmission.

An increase to three solicitation cycles this fiscal year from two last year highlights the State’s commitment to the smaller but faster grant process that makes more funding available to an increased number of companies in need of early-stage funding. The number of grant applicants also increased to 43 from 28 in the prior round.

The approved grants from this cycle support technologies developed at University of Utah, Brigham Young University, Utah State University and Weber State University.

Utah Business Social
UB Events View All
CEO of the YearUtah Business Event
Mar 20, 2015
Utah Business Magazine and Presenting Sponsors - Holland & Hart and Newmark Grubb ACRES - are pro...
Job Summit 2015Utah Business Event
Apr 10, 2015
Position your company as a Premier Employer in today's competitive job market! Utah Business maga...
30 Women to WatchUtah Business Event
May 21, 2015
Utah Business magazine and Snell and Wilmer are proud to announce the 18th annual 30 Women To Wat...
Community Events View All
CEH - Certified Ethical Hacker
Mar 2, 2015
Learn to hack like a pro, while pleasing the boss! The ethical hacker is usually a trusted employ...
Advance Your HR Career by Building Credibility, Trust, and Professionalism
Mar 3, 2015
Even if you know your craft, do you know how to improve others’ perception of your ability and pr...  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
* Event Description: