The University of Colorado’s El Pomar Institute for Innovation and Commercialization (EPIIC) was created in the spring of 2008 at UCCS as part of a revitalization of a former campus unit, the Colorado Institute for Technology Transfer and Implementation (CITTI) which was originally established in 1991 through a grant from El Pomar Foundation, which was matched by the University of Colorado.
EPIIC is located on the campus of the University of Colorado at Colorado Springs (UCCS). The thrust of EPIIC is to play a role in the early development of new ideas and products and to aid people in taking their ideas to market. Connecting academia with the business community and with the local, state, and federal government through innovation and commercialization will provide short- and long-term benefits to Colorado Springs and the surrounding area. The original El Pomar grant endowed three prestigious chairs in the Colleges of Business and Engineering at UCCS, and established the EPIIC office. EPIIC will continue to operate as a focal point for an alliance among high-tech companies, entrepreneurs, community leaders, the University of Colorado, and the El Pomar Foundation.
EPIIC’s mission is to support economic development by providing technology-centered enterprises with access to capital and business information, with an emphasis on sectors recognized as critical to the regional economy; to utilize research with other organizations which assist companies; to provide services through a web of personal connections and information resources; and to catalyze changes in the business climate to establish Colorado Springs as a center for entrepreneurial high-tech companies. EPIIC serves as a bridge between the intellectual resources of the University, the three El Pomar Chairs, and the high-tech community. In support of the vision of Colorado Springs as a high-tech leader, the strategic plan calls for EPIIC to support the emergence of Colorado Springs as a nationally recognized leader in creating and growing high-tech companies by creating an infrastructure where entrepreneurs have easy access to resources and expertise; promoting collaboration between industry and the University; and promoting the creation of a world-class workforce.