The mission of the University of Arkansas Technology Development Foundation is to stimulate a knowledge-based economy in the state of Arkansas through partnerships that lead to new opportunities for learning and discovery, that build and retain a knowledge-based workforce and that spawn the development of new technologies that enrich the economic base of Arkansas. The University of Arkansas Technology Development Foundation is a 501(c)(3) organization formed to grow and manage the Arkansas Research and Technology Park. In cooperation with public and private business development entities, the Foundation will bolster University efforts to catalyze a technology-based economy in Arkansas. Specifically, the Foundation will validate, develop and transfer inventions made at the University to Arkansas companies and start-up ventures.