USTAR hailed as an economic success
Representatives of the initiative, which was the result of a bill passed during last year's session of the Legislature, presented an annual report to members of the Executive Appropriations Committee during a recent interim meeting.
"In one year, we've already shown a return on investment, and we've got some stories to tell," said Ted McAleer, USTAR executive director. The program has allocated nearly $20 million in start-up costs, not including capital construction projects, which are a few years out. The state budgeted $15 million for USTAR when it was created.
McAleer said it was originally projected that the program would begin launching start-up companies into the state's economy after three years, but USTAR has already nurtured at least one and is looking to foster many more in the near future.
Several "high-caliber" researchers have been recruited from schools in other states to serve as faculty at the University of Utah and Utah State University, Utah's research institutions, as well as five outreach locations throughout the state. Thirteen have already accepted appointments, and McAleer said some have brought with them their own start-up companies, increasing the possibilities for economic growth in the state.
A virtual innovation network has been set up to ensure all outreach locations, including Weber State University, Salt Lake Community College, Utah Valley State College, the Uinta Basin campus of USU and Dixie State College, have access to the resources and support necessary to perform innovative research on-site.
"This is a bold and far-reaching initiative that will ensure that Utah remains a leader in the future of the economy," he said.
Mario Capecchi, a researcher at the U., was recently awarded Utah's first Nobel Prize for his work with gene-targeting in mice, which is expected to transform modern medicine. Such a feat is not often realized at a public institution, said Lorris A. Betz, senior vice president at the U.
"It's a remarkable accomplishment for a small state like Utah," he said, adding that the award is a direct representation of what is possible when significant focus is put on "collaboration" and "thinking big."
"The environment we have here (in Utah) is fundamental to the success of USTAR," Betz said.
McAleer encouraged lawmakers to keep the program in their minds when talking to business leaders in the state, saying that referrals can help to grow the program. When it was envisioned, he said the initiative was "expected to bring in federal dollars but also attract industry partners," which has already been happening, according to the report.
Rep. David Clark, R-Santa Clara, said the report and the infant success of USTAR was impressive and was a clear example of putting things into action.
"You're the only ones who can turn education to innovation to commercialization and I commend you for it," he said.
USTAR is still in its first year, and the programming phase for the two research buildings already funded at the U. and USU is nearly complete. The designs of the buildings have yet to be determined. Part of the initial funding for the initiative has also gone toward creating research teams at each location.
E-mail: wleonard@desnews.com
Comments
- Lawmaker: CIA dir. ended program 11:09 a.m.
- Ships ending search for black boxes 11:07 a.m.
- Charger RB wounded in shooting 11:06 a.m.
- Paris Hilton set to take stand 10:52 a.m.
- Papers plan boycott of Britney show 10:50 a.m.
- A look at the world in pictures 10:41 a.m.
- Arrests in near dragging of officer 10:35 a.m.
- Myths harmless, unnecessary 10:17 a.m.
- Reactions on Boozer speculation 10:15 a.m.
- Obama and pope hold first meeting 10:11 a.m.
- Jazz talking Boozer trade?
- Stadium of Fire flag burning was fake
- Jazz in back of line for free agents
- Okur signs two-year extension
- A primer for the 6th Potter film
- Jazz won't meet Lopez on Europe trip
- Restaurant destroyed by fire
- Reactions on Boozer speculation
- Mall owner seeks to retain zoning
- Jazz rally for OT win at Orlando
- Bronco collecting a galaxy of recruits
140 - Letters: Palin mistreated
137 - Teachers struggle with district cuts
135 - Blazers may offer Millsap a contract
123 - Jazz talking Boozer trade?
116 - Fairness of BCS debated
81 - Moon landing: Let's hear from you
79 - Chaffetz eyes challenging Bennett
73 - Letters: Single-payer system best
70 - Services bids farewell to Jackson
70
As more and more dads are put out of work in this economy, I've been...
The photographs are mysterious, brooding, dark. They show dimples and...
The U.S. Supreme Court unanimously found that penalty-enhancement hate crime...
Give him Boozer, A.K., & Miles for Biedrins, Maggette, Turiaf, & Wright, the...
Utes.....Only undefeated team in the country. You can say "oh they didnt have...
My sister was born with only one leg and the Shriners paid for prostetics and...
most utah state employees can retire after 20.
This team sounds like a mirror of its parent -- let the opponent rain threes...
Yeah Todd is a kitty and the worst hommer commentator. Listening to him call...
Great. Living in a beat up van w/ my "collection" is getting tiresome as are...
lets start thinking, where the mexicans cartels obtain the guns? from where?...
"Why can['t] we have friendly games with European teams?" A few answers: ...


You can be the first to comment on this story.