Organization · Government VC
Utah Innovation Fund
The Utah Innovation Fund is a state-backed venture capital fund established to support early-stage, deep-tech ventures originating from Utah's universities. It aims to commercialize technologies and enhance the state's economy through strategic investments.
Overview
What Utah Innovation Fund does
What Utah Innovation Fund is
The Utah Innovation Fund is a state-backed venture capital fund established to support early-stage, deep-tech ventures originating from Utah's universities. It aims to commercialize technologies and enhance the state's economy through strategic investments.
How it participates in the startup ecosystem
The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Government VC
- Founded
- Founded in 2023
- Approximate age
- About 3 years
- Structured capabilities
- Funder
- Last reviewed
- April 24, 2026
Official channels
Find Utah Innovation Fund elsewhere
Open the official website or a supported primary organization account.
Capability profile
Utah Innovation Fund as a funder
Investment thesis
The Utah Innovation Fund supports early-stage, deep-tech ventures originating from Utah's universities, aiming to accelerate the state's economy through innovative technologies.
Focus narrative
UIF focuses on investing in early-stage ventures within the deep-tech sector, particularly those that originate from academic research. The fund's strategy emphasizes connecting these innovations to global markets while providing access to mentorship, networks, and commercialization resources to help founders demonstrate proof of concept before seeking traditional venture capital funding.
Value beyond capital
The Utah Innovation Fund provides not only financial support but also access to mentorship and resources that facilitate the commercialization of innovative technologies. By connecting startups with networks and expertise, UIF helps founders navigate the early stages of their ventures, ultimately preparing them for future funding opportunities.
Terms and economics
- Typical check
- $200,000–$250,000
Focus and fit
- Stages
- Pre-seed
- Regions
- United StatesNorth America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 3
Portfolio context
The Utah Innovation Fund has made initial investments totaling $700,000 across three companies: 1) Eden Technologies - a university spinout from Utah, receiving $250,000; 2) Inherent Biosciences - a biotechnology company and University of Utah spinout, also receiving $250,000; 3) 3Helix - another biotechnology University of Utah spinout, which received $200,000.
Common questions
What to know about Utah Innovation Fund
Upseed classifies Utah Innovation Fund under the Government VC organization type. Its current public profile includes funder capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
April 24, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.