The UT Research Foundation (UTRF) and Three Roots Capital announced yesterday the launching of the “UTRF Checkerboard Portfolio.” The program will primarily work with entrepreneurs who are looking to commercialize UTRF technology and need guidance to take their business to the next level.
“Getting companies to the stage where investors want to invest in their product or service is crucial for developing a foundation for future growth and success,” says UTRF Vice President Stacey Patterson. “Through the ‘Checkerboard Portfolio,’ we can give entrepreneurs the tools they need to raise outside capital, develop customer relationships, and above all, craft the best story they can use to sell their product or service to investors.”
The organizers say the “UTRF Checkerboard Portfolio” concept is unique and differentiated from initiatives that historically have been supported by the Foundation. Unlike previous programs that have emphasized technology transfer and company creation, the new initiative emphasizes access to capital.
They note that technology transfer and company creation are necessary elements of an entrepreneurship and economic development effort, but sustainability and impact are heavily influenced by a company’s ability to raise capital.
For more information, read the full news release (UTRF-3Roots).