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| Name | Spark Innovation Center Sizzle Reel |
| Video Uploader | Video From University of Tennessee Research Park |
| Upload Date | This Video Uploaded At 16-09-2020 15:50:36 |
| Video Discription | Introducing The Spark Innovation Center! The Spark Innovation Center is a new UT Research Park initiative to assist early stage technology companies in the region. The Center will initially be comprised of three laboratories in the Joint Institute of Advanced Materials (JIAM), and associated office support, kitchenette and conference room facilities. Client companies will enter into Facility Use Agreements with the university for one to two years, and will work with Spark staff to meet the milestones required for them to graduate to commercially available space in the region, preferably within the Research Park. Startup technology companies typically face a longer runway to success and profitability than other companies. They have to identify a clear need in the marketplace, tune their technology solution to that opportunity, and often build a working prototype before engaging with initial customers. Depending on their business model, they might also need to scale up significantly to meet customer demand. This often requires several years and outside capital from investors or government agencies. The Spark Innovation Center will help clients narrow the ‘valley of death’ by: • Providing access to small amounts of shared top quality laboratory space; • Providing business model development and introductions to early stage investors; • Making connections with top researchers at UT and ORNL who can help companies with their technology solutions; • Making introductions to other entrepreneurial service providers in the region, ensuring that Spark clients have the benefit of all available support and connections; and • Making connections with established companies in the Research Park and throughout the region, providing clients with opportunities to help bring potential solutions to the challenges faced by these companies. Video shot and produced by Sherwood Media https://www.sherwood.media [afXVzCRPqdY] |
| Category | People & Blogs |
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