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Incubation facilities at many U. T. campuses have already helped launch more than 250 start-up companies System-wide (at least 200 with University IP). These expanding facilities require significant capital investment and staffing to offer subsidized space, equipment, mentoring and other services for start-ups. Here are snapshots of just a few of U. T. System’s successful incubators:
- The Austin Technology Incubator (ATI) was founded in 1989 and has worked with more than 150 teams of entrepreneurs who collectively have raised over $725 million dollars in investor capital while at ATI. Of the 150+ companies launched at ATI, more than 30 are in operation today, more than 20 have been acquired, and 4 have reached an IPO. ATI is a not-for-profit division of U. T. Austin and a key program of the IC2 Institute. U. T. Austin provides support in the form of rent at no charge and occasional financial support to supplement ATI’s operating budget. The incubator is focused in three sectors: information technology, clean energy, and wireless. Companies that work with ATI may or may not be affiliated with UT Austin.
- U. T. Brownsville’s ITECC is a 647,000-square foot complex on 48 acres where business and industry meet with education. ITECC is home to a host of projects and programs all aimed at economic growth. Technical training programs, Workforce Training and Continuing Education (WTCE), the Language Institute and the Brownsville Police Academy comprise the academic portion of this facility. Business and industry are represented by international banking, business services, and a business incubator that has already helped create more than 40 businesses and 1,000 jobs for the community. ITECC is also home to the offices of the Mexican Consulate (Consulado de Mexico) and the Brownsville Economic Development Council (BEDC).
- The U. T. Arlington Technology Incubator (ATI), founded in 2001, originally functioned as a “virtual” incubator assisting faculty with starting up new businesses based on technologies developed at UTA and housed in campus facilities. In 2003 the City of Arlington, the Arlington Chamber of Commerce, and UTA secured a grant to purchase and renovate a three-story, 28,000 sq.ft. building for use as a business/ technology incubator, located mid-way between the UTA campus and the Arlington Chamber of Commerce. The facility was renovated to accommodate incubator companies on the 3rd floor, UTA's Grant and Contracts/ Technology Management groups on the 2nd floor, and future expansion space on the 1st floor. In 2007 UTA and the Chamber of Commerce formalized a joint agreement to manage the incubator. The Chamber hired a director and support staff, secured another grant, and renovated the ground floor to accommodate the Arlington Entrepreneurship Center (AEC) and host several not-for-profit groups, plus UTA School of Business faculty and staff to provide legal, business, and accounting services for start-ups.
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