The Center for Innovation, Commercialization and Entrepreneurship at University of Alaska Fairbanks has welcomed an initial cohort of five spinouts.

University of Alaska Fairbanks (UAF) last week launched a new incubator, called Center for Innovation, Commercialization and Entrepreneurship, to support the institution’s ecosystem.

The centre will accelerate technology transfer, support entrepreneurship and boost economic diversification and job creation.

Launching with an initial cohort of five spinouts, the centre will operate from the UAF campus to begin with but will move off-campus into Fairbanks in the long-term. The long-term plans also envisage a research park to collaborate with industry and further support spinouts.

The centre will be overseen by the Office of Intellectual Property and Commercialization, the technology transfer office of UAF.

Gwen Holdmann, the office’s director, said: “There are lots of ways a university can benefit the state. One of those ways is to push that intellectual property into the private sector.

“This is about giving researchers whatever tools they need to move their ideas along. How can we create more of a culture of entrepreneurship? I truly believe there is so much our university can do to support the private sector.”