To be considered for admission to the program companies should be technology based. Preference will be given to applicant companies that have a current or historical technology linkage to the university such as a new business formed around a university developed technology or an existing business collaborating with faculty. Candidates demonstrating other relationships offering the potential for a mutually beneficial relationship with the university will also be considered.

Applicants to the TIP should demonstrate the following:

• Willingness to provide an application and information sufficient for review by the TIP committee and management. The application should include a venture concept or business plan that indicates potential for commercialization and growth, adequate technical information to assess the eventual product and the bio/resume of the principal and key staff, as well as a designated person to address finances and business planning issues for the company.
• Strong potential for capitalization for a three year period.
• Willingness to provide regular updates to TIP management against agreed upon milestones through meetings and discussions.
• A likelihood of commercial sales within a three to four year period, or some other agreed-upon measure of success.
• Commitment to comply with federal, state and university rules and regulations.
• Intentions to utilize TIP support services and actively use the space.
• Means for a synergistic relationship with the university.
• Commitment to developing a full business plan (as outlined by the TIP) within two years of occupancy.
• A desire to remain in Connecticut long term and a commitment to identify Connecticut locations as a priority upon leaving the program.
• Willingness to provide feedback on the benefits and limitations of the TIP.

As application materials are reviewed, there are key issues that will be considered when making a recommendation for admission to the program. They are:

Business concept – does the business have a chance of succeeding? Is the product new or unique? Does it do something better, faster, cheaper than past products or practices?

Business model – can we tell when and from whom the business gets paid?

Benefits to the University – will acceptance of the company into the TIP benefit the university in terms of e.g. develop and market UConn intellectual property? Will it provide training, employment, and experience for students? Will it benefit faculty through research collaboration?

TIP resources – does the company need the services of the TIP or linkages to the university to be successful?