WTC creates new capital forum
The Women Tech Council has a new service, called the Women Tech Council Capital Forum.
This new forum will bring the WTC network together to help women gain more access to capital, work with mentors, get introductions and find champions to help navigate the fundraising process. According to organizers, the forum includes capital conversations for any stage of a business -- from idea to acquisition.
To kick off the forum, the WTC will provide a 30-minute informational webinar session about the Utah Science Technology and Research (USTAR) Technology Acceleration Program (TAP). This is a grant focused on technology development, with $4.5 million available in this round.
The webinar will be at 11:30 a.m. Thursday. Any Utah-based company is welcome to register for it and participate. TAP proposals should align with the targeted industry sectors identified by the USTAR governing authority: automation and robotics, aerospace, advanced materials, big data, energy and clean technology, and life sciences.
To register visit https://attendee.gotowebinar.com/register/2888957283433771266.
USTAR launches University Technology Acceleration Grant
The Utah Science Technology and Research Initiative (USTAR) announced it is accepting proposals for two of its grant programs, the Technology Acceleration Program (TAP) and the University Technology Acceleration Grants (UTAG).
These programs target automation and robotics, aerospace, advanced materials, big data, energy and clean technology, and the life sciences sectors. USTAR’s TAP, a competitive grant program, supports private sector technology development for Utah-based companies, and targets technologies that are between the technology readiness levels between three and five.
While designed for start-ups and early stage companies, mature companies can apply to TAP for development of a new technology or product. Proposed work can include research and development, proof of concept, product validation and product development.
Available to individual researchers or ad-hoc teams employed by Utah colleges or universities, UTAG is a competitive research grant for advancing the maturity of or de-risk technology that has been developed in university labs.
UTAG is intended to support research and development of specific technologies between technology readiness level two through five that have significant commercial potential, but need additional development before they can be spun out from the university setting. This funding addresses an innovation ecosystem gap between federal research dollars and angel investment, or the “valley of death.”
“We are excited to be moving forward with two programs designed to accelerate the technology development pipeline in Utah,” said Thomas Williams, USTAR managing director, in a press release. “These programs allow us the opportunity to work very closely with projects and companies that are poised to make a huge impact on the state’s technology ecosystem and economic horizon.”
For information on applying for these programs visit www.ustar.org.
doTerra hosts 30,000 wellness advocates at annual convention
doTerra, a Pleasant Grove-based global essential oils company, will host 30,000 direct-sale distributors known as wellness advocates from countries all around the globe Sept. 14-17 for its annual four-day conference.
Organizers say it will be the most highly attended corporate convention in Utah’s history and is expected to inject more than $28 million into the local economy.
In order to accommodate the unrivaled number of attendees, the conference will take place at the Vivint Smart Home Arena and Salt Palace Convention Center in Salt Lake City.
“Salt Lake continues to be a fantastic destination for hosting our convention and we are pleased to be in a position to significantly contribute to the local economy,” said David Stirling, doTerra founder and CEO, in a press release. “We recall our first convention, just eight years ago, which had 350 attendees. We are grateful that year over year, our conference continues to grow as the number of enthusiastic doTerra wellness advocates exponentially increases.”