Innovaro
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UTEK Corporation now now trades as Innovaro.
Innovaro, formally known as UTEK Corporation, was founded by Clifford M. Gross, Ph.D. in 1997[1]. The original concept was to facilitate “open innovation” through the acquisition of university-developed technologies by companies that needed technologies to grow.[2]
The company went public in October 2000, raising US$ 6.0 million. Innovaro is currently traded on the NYSE-Alternext under the stock symbol INV.
Innovaro is headquartered in Tampa, Florida, with offices in Chicago and York, UK. As of March 2009, the company has over 450 clients.
The name “UTEK” originated from a phonetic contraction of University and Technology.[citation needed] The Company began doing business as Innovaro in March 2010. Innovaro came from one of UTEK's acquired companies and chosen as best representation of the overall company and most relevant to the market the Company serves.[citation needed]
[edit] Services
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Innovaro is a comprehensive end-to-end innovation solutions firm. The company provides fully scalable innovation solutions for global 1000 companies, small R&D labs, and university scientists in order to create breakthrough innovation, and accelerate their innovations to market.
[edit] Acquisitions
The following is a list of acquisitions by UTEK:
- Pharmalicensing (January 2008)
- Strategos (April 2008)
- Innovaro (July 2008)
- Social Technologies (September 2008)
