History 2017-05-23T11:36:35+00:00

HISTORY: The Wayne Brown Institute (a.k.a. VentureCapital.org) was founded by the late Dr. Wayne Brown who held positions in mechanical engineering and had served as Dean of the College of Engineering at the University of Utah. In addition to his academic postings, he was a founder of Kenway Engineering (HK Systems), TerraTek, NPI (Agridyne Technologies), the Utah Innovation Center (the world’s first venture accelerator/incubator) and Utah Ventures (now Pelion Partners, Utah’s first venture fund). By virtue of his academic, government, and business background, Dr. Brown was a leading authority in technological innovation and entrepreneurship (commercialization). Many of the world’s science/research parks, innovation centers and incubators have their roots with Dr. Brown. In addition to his many accomplishments, he affected the role of government in innovation and entrepreneurship as the architect with Roland Tibbitts of the national Small Business Innovation Research (SBIR) program. Later, as head of the State’s Science Council, he spearheaded legislation to create the Utah Technology Finance Corporation (UTFC) and Utah’s Centers of Excellence program. He successfully negotiated with the U.S. government to obtain military land for the establishment of the University of Utah’s Research Park. His knowledge, experience and passion live on in the Wayne Brown Institute, its staff, its investor-led Board and its countless supporters.