UA and the Office for Research & Economic Development are committed to enhancing the economic well-being of the state and the region. Our efforts focus on addressing the economic development needs of distressed and rural communities; building resource teams and programs around community development needs; and providing leadership that develops nontraditional and new mechanisms for economic development. The University’s efforts to encourage and foster entrepreneurship are growing the number of start-ups and future inventors for state, regional and national economies.
The mission of the Office for Innovation and Commercialization (OIC) is to effectively manage and deploy the intellectual property assets of the University. OIC is primarily responsible for commercializing the innovations generated by UA faculty, staff, and students, either through licenses to industry partners or via the formation of spin-off enterprises based on UA IP.