Tech Parks Arizona generates, attracts and retains technology companies in alignment with the research and goals of the University of Arizona. Tech Parks Arizona directs the UA Tech Park at Rita Road and the business incubator Arizona Center for Innovation and is developing the UA Tech Park at The Bridges. The UA Tech Park on Rita Road is home to 46 organizations and companies that employ 6,500 individuals. The facility executed $6.8 million in improvements and expansions. Tech Parks Arizona is aggressively implementing its new business strategy Global Advantage, which focuses on active recruitment of firms eager to collaborate with the University of Arizona. The program attracts technology companies from across the U.S. and around the world.
In FY16, total award expenditures for asset development projects funded was $977,812. These funds were spread among projects coming from the College of Optical Sciences (6%), the College of Science (43%), AHSC (23%), the College of Engineering (19%), the College of Agriculture and Life Sciences (3%), Facilities Management (4%), and the College of Social and Behavioral Sciences (2%).
Tech Launch Arizona (TLA) hosted its second awards event, the I-Squared Awards, to recognize excellence in and commitment to University technology commercialization.
TLA teamed with professionals from both inside and outside the university to offer a series of workshops and seminars over the course of the year. “Lunchtime Chat” introduced attendees to the various processes and people involved in the work at the university and in the Tucson community. “Idea-to-Asset” seminars provided audiences in specific colleges with real-life case studies centered on technologies protected and either have been or are in the process of being brought to market.
To provide students with engaging, real-world experience, Tech Parks Arizona has a program to match student interns with UA startups and pre-startups.
To engage graduate students in its processes and leverage their talents and expertise, TLA hires fellows to work with the business intelligence team, assisting in the assessment of new technologies disclosed to the office.
NSF Innovation Corps or "I-Corps," is an initiative designed to prepare scientists and engineers to expand their focus beyond the laboratory and increase the impact of basic research. News: UA, Tech Launch Arizona Designated NSF Innovation Corps Site, 1/19/16
TLA’s three Mentors-in-Residence are all seasoned technology entrepreneurs with track records of success; they are part-time TLA employees, advising teams and the UA research community, and helping to develop the pathways for these technologies to grow into successful ventures. News: Tech Launch Arizona Mentors Bring a Century of Experience to UA Startups, 3/21/16
When UA faculty indicate interest in a startup, they are quickly paired with a Mentor who serves as a team champion, and then they begin to build the startup team together. Through this process, TLA is intentionally building strong teams for scalable companies.