Utah Innovation Fund

Executive Summary

The Utah Innovation Fund is dedicated to accelerating Utah’s economy by investing in early-stage, deep-tech ventures emerging from the state’s universities and research institutions. They provide not only financial support but also access to mentorship, networks, and commercialization resources.

• Focuses on early-stage deep-tech ventures
• Invests in startups associated with Utah’s higher education institutions
• Provides mentorship, networks, and commercialization resources
• Aims to drive economic, scientific, and social returns

Snapshot

Fund Size	N/A USD
Stages Focus	Prototype, Early Revenue, Scaling, Seed, Series A
Sectors Focus	Healthcare, Life Sciences, High-Precision Technology
Portfolio Size	1 companies

Investment Thesis

The Utah Innovation Fund’s investment thesis is centered on supporting early-stage deep-tech startups in Utah, particularly those emerging from the state’s universities and research institutions. Their goal is to drive significant economic, scientific, and social returns by providing both financial and non-financial support to these ventures.

• Target Founders: Early-stage founders with deep-tech innovations, especially those affiliated with Utah’s higher education institutions.
• Sectors: Deep-tech sectors, with a focus on healthcare, life sciences, and other high-precision technology areas.
• Stage: Early-stage investments, typically seed to Series A.
• Check Size: Up to $700,000 per investment.
• Geography: Primarily Utah-based startups.
• Deal Criteria: Innovations with high potential for economic, scientific, and social impact.

Team & Activity

Active team contains 52 members (8 partners, 4 founders).