BioVentures was established as a formal outgrowth of the University of Arkansas for Medical Sciences‘ (UAMS) interest in promoting a biomedical technology industry for Arkansas and translating its research into products that benefit human health. UAMS established BioVentures to maximize global, industrial interaction with the University of Arkansas faculty, as well as to facilitate technology transfer, the development of startup companies that are based on UAMS technology, and contributions to Arkansas’ economic development. BioVentures links the research minds at UAMS to global markets in order to advance Arkansas’ scientific and economic development.