Wyoming expects a new office for co-ordinating entrepreneurship to increase the number of viable startups linked to the institution.

University of Wyoming yesterday revealed it is going to launch a new entrepreneurship coordination office called Institute of Innovation and Entrepreneurship (IIE) later in 2018 to further its five-year strategic plan.

IIE will exist alongside Wyoming’s tech transfer arm, Office of Research and Economic Development. The university hopes IIE will help drive its blueprint for 2017-2022, which calls for enhanced entrepreneurship schemes and more royalty-generating licences.

IIE will receive capital from Wyoming’s strategic initiative fund and is expected to submit…