Arlington Comprehensive Plan Update Adopted 3-17-2015 | Page 44

Business Incubator
Purpose
Create commercialization opportunities for technology and scientific
innovations with the University of Texas at Arlington.
Importance
Successful commercialization of research at the University strengthens the
city’s economic position and can add to our job base. It also serves as a catalyst
for innovation that can raise the city and University’s profiles as places for
entrepreneurship.
While the city will need to fully flush out the funding and other resources for this
endeavor, an investment in young entrepreneurs will attract renowned faculty
and research partnerships, accelerates business development activity, and
presents an opportunity for high-wage job creation.
Strategic Steps to Accomplishment
• Complete a needs assessment and market study
• Formalize an agreement with the University
• Establish an appropriately-sized incubator space near the University

• Have an organization that is autonomous from the city and the University
• Develop an investor network for entrepreneurs

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