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Later as head of the State’s Science Council he spearheaded legislation to create the Utah Technology Finance Corporation (UTFC), and Utah’s Centers of Excellence program.
Today, the Institute continues this legacy by educating early-stage, companies through mentor-based training in the art and science of becoming attractive, viable investments. This is done through establishing value-added relationships between entrepreneurs, capital providers, and key professionals who specialize in equity capital-backed businesses. These education-based offerings allow early-stage, businesses to successfully present their opportunity to investors. To date, the Institute’s 650+ alumni companies have raised almost $2 Billion in private capital, and employ over 35,000. Each year, Institute mentors donate over 10,000 hours, allowing the Institute to provide nearly 1% of the venture quality deal flow in the U.S.
The Institute is unique, in that most of its support is from the private sector. Firms such as Zions Bank, Deutsche Banc Alex. Brown, NASDAQ, Silicon Valley Bank, Ernst & Young, Ballard Spahr Andrews & Ingersoll, and various venture funds and service providers contribute regularly. Lastly, other organizations such as the, Governor’s Office of Economic Development (GOED), Utah State Division of Securities, the Hawaii Strategic Development Corporation, New York Community Investment Corporation, Community Development Venture Capital Alliance, National Association of Seed and Venture Funds (NASVF), and many other technology trade associations have supported the Institute in its mission.
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