December 21, 2012

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah


Martin Plaehn

Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

In the Lab

Rent to Own

Business Trends
Back from the Dead

Living Well
Artful Inspiration

A Breath of Fresh Air

Worst-Case Scenario

Regional Report
Northern Utah

Measure Up

Industry Outlook
Travel & Tourism



University of Utah Embraces “Crowdfunding”

Press Release

December 21, 2012

“Crowdfunding allows us to engage supporters in a way never possible before,” Ritchie said. “We hope the people who will directly benefit from these inventions help make them possible by donating directly to the inventor. This new way to get funding circumvents traditional ways to raise capital, which can be slow and difficult. For certain kinds of technologies, crowdfunding will prove to be a game changer. The University of Utah is the right place and RocketHub is the right partner for us to be a world leader.”

Crowdfunding is part of the recently passed Jumpstart Our Business Startups (JOBS) Act, which includes a provision that will allow the general public – unaccredited investors – to receive security interests in exchange for their contributions. In other words, it will allow people to invest in campaigns, instead of just donating. That portion of the law is expected to go into effect in 2013 and could boost crowdfunding activities by giving supporters an even greater incentive to participate.

“We expect big things on the horizon,” Ritchie said. “We encourage everyone to participate and help make the world a better place.”

Learn more about University Tech Vault and browse current campaigns at, or call the University of Utah’s Technology Commercialization Office at 801-581-7792.

Page 12
Utah Business Social
UB Events View All
Utah Employers Healthcare Summit and Healthcare Heroes Utah Business Event
Oct 6, 2015
The Utah Employers Healthcare Summit is a gathering of all of the major employers, healthcare pro...
Twenty in Their 20sUtah Business Event
Nov 5, 2015
Meet the young and ambitious professionals who are taking the business world by storm! The honore...
Sustainable Business Awards Utah Business Event
Nov 19, 2015
Utah Business magazine is pleased to announce the Utah Sustainable Business Awards. This program ...
Community Events View All
9th Annual CHINA Town Hall: Chinese Investment in the United States
Oct 5, 2015
CHINA Town Hall is a national day of programming on China involving 70 cities throughout the Unit...
Oct 6, 2015
Link to tickets:  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
* Event Description: