Since 1999, UVM Innovations has enabled new and existing companies to commercialize profitable new technologies that benefit society and the environment. They understand that successful collaboration is based on the merging of cultural and intellectual objectives, as well as reasonable economic expectations. Timely response to licensing activity is a core competency that has been developed over time and is a constant focus of their improvement efforts. Their unique networking situation enables us to combine technologies from a variety of sources. This allows the technologies to reach critical mass and increases the probability that each will achieve its full potential. In recent years, the University of Vermont has seen a dramatic increase in its intellectual property and technology transfer activity.
VCET opened in June 2005 under the vision and efforts of U.S. Senator Patrick J. Leahy, the Vermont Technology Council and the University of Vermont. Today, VCET is a leading-edge technology incubator serving all of Vermont under a mandate to increase technology startups and accelerate next generation job creation for this generation of Vermonters. They offer a targeted business incubator program designed to foster the success of high opportunity technology firms by providing firms with substantive business mentoring along with traditional incubator services such as low cost, flexible office space, shared resources, capital, networking, training, etc.
VCET is an independent 501 c (3) public benefit corporation in affiliation with the University of Vermont and partners with Norwich University, Middlebury College, Champlain College and the five Vermont State Colleges.
The Agency of Commerce and Community Development (ACCD) helps Vermonters improve their quality of life and build strong communities. Collaboration is central to carrying out this mission and we work with other state Agencies as well as businesses of all sizes, communities, educators, non-profits, students, recreational venues and many others.