The Business Resource Center: from ‘Eureka!’ to IPO
The inception of a good product or business idea might occur at a garage workbench, in a chemistry lab or even during one’s morning shower. What follows after that flash of inspiration, however, is the difference between a daydream and an actual product on a store shelf.
UVU’s Business Resource Center, which opened with a ribbon-cutting on Jan. 6, is a one-stop shop for innovators, entrepreneurs and businesses. The BRC contains a business incubator, which perfectly describes its role in nurturing the development of ideas and budding startups.
The Center comprises several facets: a technology commercialization office, an economic development office, a Small Business Development Center and elements from the Utah Science Technology Research initiative and the Manufacturing Extension Partnership. In short, all these pieces work together to turn ideas into business plans; business plans into startups; startups into small businesses; and small businesses into perhaps large corporations.
On its largest scale, this incubation bolsters economic impact and job creation throughout the state. On the individual level, the BRC will help fortify innovators and their innovations so they can weather a cutthroat marketplace and realize their true potential. This can come in the form of anything from mentoring to brokering patent work to securing funding.
UVU’s role in our state’s economy is extensive — just by being here, UVU is responsible for more than a half-billion dollars in annual economic impact to the state. On top of that, as a teaching university, UVU is providing its students with practical, real-world experience. When these students participate in UVU partnerships with community businesses, or graduate and secure jobs, they infuse our service region with practical, real-world solutions. The effect will only multiply as individuals avail themselves of our resources at the BRC.
I invite you to visit our new website to learn more about the BRC and how you can take advantage of its many offerings. It will be a pleasure doing business with you.