USTAR

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The Utah Science Technology and Research Initiative (USTAR) is a technology-based economic development agency funded by the state of Utah.^[1] The organization works to develop ideas and research into marketable products and successful companies through its competitive grant and entrepreneur support programs. USTAR facilitates the diversification of the state’s tech economy, increases private follow-on investment, and supports the creation of technology-based start-up firms, higher-paying jobs and additional business activity leading to a statewide expansion of Utah’s tax base.^[1]

Since 2016, USTAR-supported companies have received $123 million in follow-on funding, created 424 full- and part-time jobs and generated $27 million in product sales, including a maximum addition of 351 percent in sales from the first to second year of USTAR’s new programs.^[2]