What is KU Innovation Park?
KU Innovation Park is an independent, non-profit economic development organization dedicated to transforming the regional economic landscape through the support of innovation, entrepreneurship, and the commercialization of new technologies. More than a physical location, the Park is a regional ecosystem of facilities, services, people, and partners dedicated to creating more diverse, resilient, and equitable Kansas economy. With the support of its underlying coalition of public and private stakeholders, and alongside its vast network of community, industry, and government partners, the Park seeks to leverage our region’s existing strengths and assets to build the high-growth, innovation-focused industry clusters that will drive Kansas’ long-term economic growth, sustainability, and prosperity for decades to come.
Is KU Innovation Park part of the University of Kansas?
Though the Park is affiliated with the University of Kansas, it is not part of the University or the Kansas Board of Regents system. Formerly the Bioscience and Technology Business Center (BTBC), KU Innovation Park is an independent, non-profit 501(c)(6) economic development organization with four founding stakeholders: KU, the City of Lawrence, Douglas County, and the Lawrence Chamber of Commerce.
Though the KU Innovation Park is not a University entity, it is physically located on KU’s Campus and seeks to leverage the strengths and resources of the University as the region’s largest economic development asset. The Park and its founding stakeholders work closely with the University to maximize its economic development potential and help retain its skilled graduates in the region. For private industry firms interested in engaging in collaborative research with the University, utilizing university facilities and intellectual property, or accessing its pipeline of skilled students and graduates, the Park serves as a gateway to the University and an opportunity to operate in highly-specialized, privately-owned facilities located directly adjacent to campus.
A few examples of how we can help:
- Initial Market/Technology Assessment and Validation
- Company Formation, Business and Commercialization Planning, Strategy
- Sourcing Talent and Technical Expertise
- Accessing University Resources and Talent
- Identifying and Accessing Grant Opportunities, and Federal, State, and Local Funding
- Preparing Your Pitch and Value Proposition
- Access to Shared Workspaces, Professional Meeting Spaces, a Business Address, and Registered Agent Services Without the Cost of a Long Term Lease or Even Dedicated Space
- Access to Student Analyst and Intern Technical Support and Assistance
Does KU Innovation Park take equity or invest in companies?
KU Innovation Park does not require or accept equity in return for access to Park facilities or services, nor does it invest directly in companies.
Is the KU Innovation Park only for University of Kansas students, faculty, and staff?
No, KU Innovation Park’s facilities, services, and amenities are accessible to businesses and entrepreneurs regardless of university affiliation, provided they fit the Park’s mission of creating high-paying jobs in Lawrence and the Northeast Kansas region by growing its technology and innovation-focused startups and industry clusters.