Taking a product or idea from the lab into the world is a complex process involving many steps and much collaboration. At the University of Arkansas, high tech companies have the advantage of the Technology Development Foundation (UATDF), which provides support for every stage of a company’s development, including affordable lab space, office space and equipment, consultations over business strategies and funding sources, help with market research and referrals to potential investors.
During the first stage of establishing a business, researchers can take advantage of UATDF’s Virtual Affiliate Client Agreement, which gives them access to meeting rooms and help with setting up a business plan and securing funding. At the Genesis Technology Incubator, startup companies receive affordable office and lab space to conduct proof-of-concept studies and product development. Companies graduate from Genesis to the Innovation Center, where they can conduct more advanced research and development and find investors. The Enterprise Center is designed to accommodate the needs of established businesses. Its flexible building layout allows affiliate high tech businesses to custom design offices, labs, clean rooms and manufacturing areas. For more information, visit the website of the Arkansas Research & Technology Park.