UConn’s Technology Incubation Program (TIP) has developed into the state’s largest incubator for emerging entrepreneurs since its founding in 2003. Hundreds of employment are created in Connecticut as a result of the program’s entrepreneurs and innovators, as well as an increase in the state’s scientific and technology capital.
UConn TIP oversees 72 startups across three incubators in Storrs, Farmington, and Stamford. Many of the entrepreneurs have ties to UConn, including teachers, students, and alumni, but all innovators are welcome to apply.
Startups gain access to a variety of UConn resources, including lab and office space, educational partnerships, and a large network of industry connections, with the objective of transforming University discoveries into products and services that benefit patients, industry, and society.
TIP companies have raised $1.1 billion in total funding since 2003, with $170 million in the fiscal year 2021. The initiative supports 408 jobs, the majority of which are in the private sector and pay well.
Companies who have “graduated” from TIP – meaning they have moved out of the space to build their own headquarters – have stayed in Connecticut and continue to contribute to the economy in 72 percent of cases.
Source: PAID POST: UConn’s tech incubation program continues expansion
