March 17, 2023 – The University of Arizona Center for Innovation had an economic output of $35.3 million in 2021, according to a new analysis of the center’s impact.
Part of Tech Parks Arizona, the University of Arizona Center for Innovation, or UACI, is a business incubator network that empowers science and technology startups in Southern Arizona and around the world to bring their ideas to market.
“The University of Arizona Center for Innovation is an integral part of our robust innovation ecosystem,” said Elizabeth “Betsy” Cantwell, UArizona senior vice president for research and innovation. “We are translating university research into impact by guiding startups in moving ideas from concept to market. This is an example of our land-grant mission and culture of service in action in producing support and results not just across the university, but for communities throughout the state and globally.”
The recent economic analysis – done in collaboration with Rounds Consulting Group, a public policy, and economics advising firm – is the first to document UACI’s economic impact. The inaugural analysis will serve as a baseline for future economic impact reporting. Read the article now.