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The University of Connecticut Research & Development Corporation is a for-profit subsidiary of the UConn Foundation that initiates new business start-ups based on innovative technologies developed by faculty and staff. UConn R&D staff evaluates technology from all UConn campuses.
Once an invention or technology is identified and reviewed, UConn R&D determines whether or not to proceed with the formation of a new business.
Assessments are based on several criteria, including market characteristics, applications of the technology, its ability to be protected, and the state of its development.
When a decision is made to form a new business and is approved by the Board of Directors, the staff prepares a business plan and begins the process of recruiting management and seeking capital to fund the company.
