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UTFC OPENS ANOTHER INNOVATION PROGRAM

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The Utah Technology Finance Corp. is opening another Utah Small Business Innovation Program, and proposals are requested for product development contracts ranging from $30,000 to $50,000.

Small business or individuals in Utah are eligible, and applications are due by 5 p.m. Tuesday, Feb. 18. Full details and applications are available from UTFC, c/o Utah Engineering Experiment Station, 104 Engineering Mineral Research Office, University of Utah, Salt Lake City, UT 84112, telephone 581-5245.UTFC officials said topics must involve new technologies or innovative adaptions of existing processes, products or services that have significant potential for establishing or expanding a Utah business and leading to the creation of jobs.

Prototype construction, product testing and proof of concept are examples of successful activities in this program, they said. Applications that demonstrate a high probability for creating jobs due to their likely technical and commercial success are most likely to be funded.