The IP Factory is
Take advantage of a natural
resource in Connecticut, its brainpower.
Connecticut historically has among the greatest number of patents issued
per capita in the country. Many of those ideas have been developed
in Connecticut's corporations but have been suspended internally and
become prime targets to be commercialized through a technology development
process such as the IP Factory.
Develop a pipeline of technology based small businesses
in Connecticut ready for investment and take advantage of the potential
investment funds created through the Angel Tax Credit and the re-allocation
of the Insurance Investment Tax Credits.
Utilize a strong private network of entrepreneurs and people involved
in technology business development to apply their talents and experience
toward starting new technology businesses in Connecticut.
Foster job growth in the small businesses sector and technology
based businesses that have a greater chance of competing globally than
other businesses. In general, the multiplier effect from technology
jobs is significantly greater than for many other sectors.
Expand job opportunities in Connecticut for those that are already
in the workforce, and for those students that are coming out of school
with science, engineering, and /or business degrees.
Create a pipeline of entrepreneurial talent as well as a pipeline
of opportunities for this talent to take advantage of.
Create linkages with a number of the institutions that are ready
to support entrepreneurial activity in CT.
Take advantage of best practices in technology business development
from around the country and place them in a Connecticut context.