SALT LAKE CITY–(BUSINESS WIRE)–Recursion and the University of Utah’s Center for Technology & Venture Commercialization (TVC) have signed a memorandum of understanding to explore the launch, programming, and management of an incubator for life science and technology startups. The incubator will be located in Recursion’s former Research Park offices, and the company will sponsor the space for an initial period of three years.
“Recursion’s faster-than-anticipated success and growth meant that we needed to expand before our lease expired,” said Chris Gibson, Ph.D., co-founder and chief executive officer of Recursion. “With the space sitting dormant, we realized we had the opportunity to repurpose it to help foster the next generation of biotech and tech companies in Salt Lake City. Supporting the valley’s innovation ecosystem directly furthers our goals for recruitment and our thirst for new ideas and perspectives.”