University of Washington Launches Technology Incubator

Source: University of Washington Center for Commercialization press release, February 8, 2012.

The UW Center for Commercialization is opening a new incubator facility designed to accelerate the number of businesses started from UW technology.  The goal of the endeavor is to double the number of startups (from an average of ten per year) to twenty annually over the course of the next three years.

Linden Rhoads, Vice Provost and WCTA Board member, says the effort will focus on “not just companies, but successful, thriving companies that will be a benefit to the community and a credit to the university.  So really, we look at the applicants with that assigment in mind.”

The space will start with fifteen companies.  When it is completed there will be space for 25 with 11,500 square feet of lab space and 11,500 square feet of office space.

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