We have done several spotlight posts on entrepreneurship in different parts of the world: Colorado, Utah, Czech Republic, Florida, Illinois. Today, we will look at Arizona’s entrepreneurship eco-system. What I love about Arizona’s eco-system is that the entrepreneurs have a strong tradition of bootstrapping.
By guest authors Irina Patterson and Candice Arnold Irina: Where do your revenues come from? Bruce: First of all, we get grants from the university and other folks. We also charge fees to our clients. It’s on a sliding scale. In our first phase, startups pay a modest fee. It increases in Mentored Launch, and then
By guest authors Irina Patterson and Candice Arnold Bruce: Medipacs [one of the incubator’s success stories] is a very low cost, highly reliable infusion pump. The inventor is a man named Mark Banister. Medipacs pumps could be produced at a fraction of the cost of the current pumps available on the market. The pumps could
By guest authors Irina Patterson and Candice Arnold Irina: What is the application process to your incubator? Molly: They have an application that they need to fill out. We sit down and we meet with them, probably a couple of times, and try and sort out what their technologies are, what they’re trying to build
By guest authors Irina Patterson and Candice Arnold Irina: Does your incubator service the entire local community? Bruce: Yes. We focus primarily on University of Arizona faculty and students, but about half of our companies come from the community. We’re open to any technology startup. Irina: Would you describe the ideal company that would benefit
By guest authors Irina Patterson and Candice Arnold I am talking to Bruce Wright and Molly Gilbert, both of whom are with the University of Arizona Office of University Research Parks (OURP). Bruce Wright is associate vice president of OURP. He directs the office and serves as the CEO of the University of Arizona (U