R. Allen

The Office of Economic Development (OED) was created to expand opportunities for inventors, entrepreneurs, existing businesses, faculty and students in the UConn network, among industry partners and alumni, and in the region. OED offers flexible spaces through the Technology Incubation Program (TIP) at three sites; access to technology for licensing and business development through Technology Partnerships and Licensing (TPI) group; access to other businesses' capabilities, university capabilities and faculty and researcher expertise through Technology Exchange Portal (TEP). UConn Ventures (known until recently as UConn R&D) was formed in 1984 and repositioned in 2002 as a for-profit subsidiary of the UConn Foundation. Its sole mission is to create new business startups based on innovative technologies developed by faculty and staff.