UT Arlington and the Arlington Chamber of Commerce have refocused efforts to increase economic development through the Center for Innovation at Arlington.
The collaboration aims to provide access to venture capital for innovative research discoveries, to move the technology to market and to attract talent andknow-how—including research scientists and entrepreneurs—to North Texas.
The center, which houses the Arlington Technology Incubator (ATI), is jointly managed by the University and the chamber. U.S. Sen. Kay Bailey Hutchison and U.S. Rep. Joe Barton attended a recent dedication ceremony.
“In addition to the pro bono assistance that has always been offered to incubator clients, the Center for Innovation at Arlington now offers business coaching, an entrepreneurial center and access to the Venture Innovation Partnership,” says Ron Elsenbaumer, UT Arlington’s vice president for research and federal relations.
Chamber of Commerce President and CEO Wes Jurey says the center will enable Arlington to stay competitive in a globally integrated marketplace.
The ATI has occupied the Border Street building since 2003. Also housed in the three-story center are the Venture Innovation Partnership and the Center for Entrepreneurship, which is supported by the College of Business. The Center for Entrepreneurship includes the Small Business Development Center, the Service Corps of Retired Executives and the Texas Manufacturing Assistance Center.
“New businesses can submit an application to be housed in the center,” Dr. Elsenbaumer says, “and graduating companies in the ATI get assistance from the Chamber of Commerce to relocate to growth space in the city of Arlington.”
The center has helped secure funding to enhance the University’s research programs. Since 2004 UT Arlington research has led to 11 start-up companies, and 34 patent applications were filed last year.