Utah grants aid startup firms through 'valley of death' period

November 14, 2017

For startup companies, the difference between success and failure may be simple to identify -- generating the capital needed to keep the lights on while developing a product for market.

But finding that funding is often tenuous and challenging.

"There's this 'valley of death' when you're trying to raise money and go to market," according to Clark Cahoon, fund manager for Utah's Technology Commercialization and Innovation Program http://business.utah.gov/programs/tcip/ "We hope to bridge that gap."

The program run through the Governor's Office of Economic Development has $2.5 million available this year for competitive grants to small businesses and university teams to help fast-track commercialization of technology innovations.

By Jasen Lee @JasenLee1