Idaho Falls has a long-established and vibrant technology-based economy that provides great jobs and an excellent resource for high-tech companies looking for a new base. Increased focus on the application of science and technology to solve energy and national security challenges will continue drawing technology companies to the area. Other assets that make the area attractive to technology companies include:
Idaho National Laboratory (INL) works cooperatively with economic developers and business assistance programs to move promising new technologies into the private sector. Idaho Falls has hosted this premier nuclear energy research facility since the 1950s. In addition to pioneering nuclear energy research, the INL supports a variety of energy-related research including research on biofuels, fossil energy, geothermal and hydrogen technologies. The INL also supports critical national security research including protection of infrastructure systems and cybersecurity. Companies looking for research and development collaborations will find the laboratory and its spin-off companies to be significant assets.
Center for Advanced Energy Studies is a public/private partnership comprised of the three Idaho public universities, private industry, and the Idaho National Laboratory. CAES research initiatives bring together the technical expertise of Idaho's four major research institutions in programs that focus on materials analysis and testing; the nuclear fuel cycle; the environmentally sound use and distribution of fossil fuels; the economical production and delivery of renewable energy; and, critical energy infrastructure protection. CAES also supports policy-makers in their decisions and analyses and in understanding how policy shapes science and engineering through the CAES Energy Policy Institute (EPI), a home for energy-related policy research, analysis, and education.
CAVE (computer assisted virtual environment) at INL's Center for Advanced Energy Studies was developed in the 1990s by researchers at the Electronic Visualization Laboratory at the University of Illinois-Chicago.The new computer-assisted virtual environment (CAVE) lets researchers get more information from data represented in an interactive 3-D form.
Partnership for Science and Technology (PST) was formed as a community effort to demonstrate public and political support for research and technology. This non-profit advocacy organization promotes the benefits of INL research and energy-related technology locally, regionally and nationally.
Technology Ventures Corp. (TVC) opened the Idaho Falls office two years ago. The TVC Idaho office helps entrepreneurs strengthen their business case and prepare to obtain funding from equity investors. In doing so, TVC creates value for investors as well, and is considered by many investors as a high-quality source of deal flow. The TVC-Idaho office can be credited with having four of its clients over the past two years for the 16th & 17th annual Equity Capitol Symposia held in Albuquerque, NM. TVC exists to help the technology transfer and commercialization of technology based businesses coming out of the national laboratories, universities, and the community.
TVC also offers a six-month series of free seminars with certification from the Center for Commercialization and Entrepreneurial Training program. This series includes: Entering the Entrepreneurial World; Market Research & the Marketing Plan; Financial Management; Preparing & Presenting the Business Plan; Operations Startup, Monitoring & Human Resources; and Attracting Equity Investors & Lessons Learned.