University of Iowa Research Park Budget Narrative (Includes previous Technology Innovation Center)

State Appropriation $78,515

Established by the University in 1989, the Research Park has built a nucleus of businesses in Iowa that are drawn by the strengths of the University. The labor shed for over 1,600 employees of laboratories and companies affiliated with the Research Park, and the BioVentures Center, the state’s largest wet lab incubator. This is in keeping with the University of Iowa's strategic plan for engagement with external constituencies and participation in Iowa's economic growth.

Current tenants on the Research Park and BioVentures Center include ActiBioMotion, LLC, Applied Food Sciences, Inc., Behavioral Diagnostics, LLC, Brighton Consulting Group, ConnectFive, Exemplar Genetics, General Dynamics IT, Higher Learning Technologies, Immortagen LLC, IDx, Integrated DNA Technologies, Kirkwood Regional Center at the University of Iowa, Leepfrog Technologies, MediRevv, ProCircular, Siemens, Stanley Consultants, Inc., VIDA Diagnostics and Voxello.  A total of 45 companies are currently located on the Research Park.

Integrating researchers and entrepreneurs is the goal of the Research Park and the BioVentures Center and as such it is critical that the following assets are located and co-located at the Research Park:

  • The State-funded laboratory of the Center for Biocatalysis and Bioprocessing (CBB)
  • The National Advanced Driving Simulator, a major, fully operational co-venture with the U.S. Department of Transportation
  • A state-of-the art, 16,000 sq. ft. Hydraulics Wave Basin facility
  • The analytical method development and drug stability testing unit of the University of Iowa Pharmaceuticals facility, a unit of the College of Pharmacy, and The State’s Hygienic Laboratory

FY 2020 funding will partially support the essential operation and maintenance expenses for the Research Park and the BioVentures Center. Additionally, the funding supports a variety of professional services that enhances the growth of the Research Park itself and the startups that exist in the BioVentures Center