Press Release

UConn Research & Development Corporation Opens Office in New Haven

New Haven, CT, November 20, 2006 – The University of Connecticut Research & Development Corporation (UConn R&D) announced today that it has recently opened a satellite office at 300 George Street in New Haven. The main office of the R&D Corporation continues to be located at 406 Farmington Avenue, Farmington, Connecticut, near the University of Connecticut Health Center.

Mark Van Allen, President of UConn R&D, stated “the new location increases our access to a burgeoning talent pool of entrepreneurs and technologist that have located at 300 George Street. Working in close proximity to new startups out of Yale University and this growing cluster of like-minded innovators will increase our opportunities and potentially initiate collaboration between our respective institutions.”

UConn R&D is a for-profit subsidiary of the UConn Foundation that initiates new business start-ups based on innovative technologies developed by the faculty and staff. UConn R&D’s portfolio includes an orthodontic appliance company, an education software company, a natural insecticide company, and several other projects in development.

Paul Pescatello, President of Connecticut United for Research Excellence, Inc. (CURE), observed: “UConn R&D’s New Haven office is a very positive indicator for the growth, breadth and sophistication of the Connecticut bioscience cluster. It bodes well for research and entrepreneurial collaboration among Connecticut’s research universities. Adding this new connection will help draw talent and venture capital to the state.”

UConn R&D commercializes technologies developed at UConn by evaluating the economics of starting a business that has significant growth potential and will offer investors a return. Each technology is scrutinized by the Center for Science and Technology Commercialization (CSTC) and UConn R&D staff to determine the best development path for that particular business opportunity. CSTC is the department of the University that handles its intellectual property, and is responsible for negotiating all licensing opportunities at the University. The R&D Corporation and CSTC are part of the Office of Technology Commercialization at the University of Connecticut which is charged with bringing all University generated ideas into the marketplace.