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

State Appropriation $115,634

Established by the university in 1989, the 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 Park, and the BioVentures Center, the state’s largest wet lab incubator. This is in keeping with the UI's strategic plan for engagement with external constituencies and participation in Iowa's economic growth.

A total of 35 companies are currently located on the UI Research Park. A list of our current companies can be found at https://researchpark.uiowa.edu/park-overview/companies

Integrating researchers and entrepreneurs is the goal of the park and the BioVentures Center and as such it is critical that the following assets are located and co-located at the 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 2021 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 park itself and the startups that exist in the BioVentures Center.