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University of Iowa News Release

Oct. 20, 2005

UI To Announce New Economic Development Focus

On Wednesday, Oct. 26, University of Iowa officials will announce a new economic development initiative called Iowa Centers for Enterprise: Business and Commercialization Services, an innovative program of technology transfer and new business development including new leadership, new ideas and new approaches to university-private sector partnerships.

The new initiative will be described at a program and reception from 4 p.m. to 5:30 p.m. in the Medical Education and Research Facility Atrium (MERF) of the Roy J. and Lucille A. Carver College of Medicine. Scheduled speakers include UI President David Skorton, UI Vice President for Research Meredith Hay, Pamela York, executive director of the UI Research Foundation, and David Hensley, director of the John Pappajohn Entrepreneurial Center.

Hay said the UI is integrating its existing economic development activities into the Iowa Centers for Enterprise. The Centers will offer a comprehensive program that promotes economic development and technology transfer, provide assistance to Iowa startups and existing Iowa businesses and communities, and help the state of Iowa develop a creative, entrepreneurial workforce. Also, Iowa Centers for Enterprise programs will optimize the flow of university intellectual property into opportunities for licensing, commercialization and business development, Hay said.

"Through the Centers, we will give businesses, communities and individuals one point of contact for all economic development and technology transfer programs offered by the UI," Hay said. "This initiative will combine an aggressive program of technology transfer and new business development with improved and better coordinated support for existing businesses that involves appropriate colleges, faculty members and other services."

The Iowa Centers for Enterprise include the UI Research Foundation, the Office of Corporate Relations, the John Pappajohn Entrepreneurial Center, Small Business Development Center, along with the Technology Innovation Center business incubator and Oakdale Research Park. The Center also includes liaisons from several UI colleges.

In the near future, the UI will open an Iowa Centers for Enterprise office located in a central campus location, Hay said, with the new location providing a focal point for bringing together business and area economic development partners.

For more information and a printable map to MERF see

STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.

CONTACTS: Media: George McCrory, 319-384-0012,;