A technology incubator is a place for startups to physically locate in one space among a variety of other companies. A technology incubator differs from a business incubator in that a technology incubator provides equipment that can be used for all tenants. Typically, companies stay in the space on a fee-based contract, as long as they are meeting technical and business development milestones. Peers, industry experts and established entrepreneurs provide science and technology mentorship and guidance on getting the company to its desired next level.
The technology incubators that USTAR works closely with are specifically focused on science and technology startups. USTAR is focused on supporting technical and scientific early stage start-ups in areas such as R&D, proof of concept, prototyping, product validation, product development, and connecting university research with industry and funding.
USTAR provides capital and connections for early stage technology companies that are not suited for traditional SBDC programs. USTAR offers services specific to the needs of technology industries in the state, including pre-seed and seed funding, core equipment, technology mentoring, and networking with federal and private funding sources.