The recently expanded Venture Development Center is a dedicated facility housing spinoff companies affiliated with UT Dallas. The 12,700 square feet of furnished offices, conference rooms, central facilities, and lab space facilitate the launch of enterprises founded on technology developed at UT Dallas by students and faculty. The Center was opened in September, 2011 and due to demand was expanded in September, 2012. Currently, eleven companies occupy space in the facility. The Center will also be the home to the Naveen Jindal School of Management's Venture Launch initiative, a discovery-based learning environment for student entrepreneurs.
Not only does the Venture Development Center provide conveniently close and inexpensive space for University startups, but VDC staff and its Advisory Board of experienced entrepreneurs and investors team with Office of Technology Commercialization (OTC) staff and Institute for Innovation and Entrepreneurship at UT Dallas (IIE). Faculty to provide mentoring, accounting services, entrepreneurial education, showcase opportunities, and connectivity to investors and professional service providers.
The University's startup facilitation program is operated by the UT Dallas OTC, in collaboration with the IIE. The ultimate objective of the program is to bring UT Dallas' commercially viable innovations to the marketplace that will in turn create jobs in the region.
Innovation Catalyst Award Winner