178. Jefferson Moss and Ryan Starks — Cultivating a Community of Innovation and Entrepreneurship

Business Elevated

Season 6 Episode 21: In this episode, Pete Codella, managing director of business services at the Governor's Office of Economic Opportunity (GOEO), talks with Jefferson Moss, state representative and associate commissioner of innovation at the Utah System of Higher Education, and Ryan Starks, executive director of GOEO.

The discussion highlights Utah's transformation into a recognized leader in innovation. Moss underscores the importance of bridging gaps between market ventures and academic research to propel commercialization, support emerging businesses, and further the state's innovative success.

Starks discusses the governor's ambition for Utah to become the startup capital of the world, outlining initiatives like the Utah Broadband Center, which expands broadband access statewide and supports remote work in rural areas, and the Startup State Initiative, which fosters entrepreneurship by providing a centralized resource for entrepreneurs. Moss and Starks highlight the collaboration among Utah's government, industry, and higher education as essential in creating impactful, globally relevant solutions.

The conversation also delves into the unique investment strategy of an evergreen fund in Utah that supports companies with ties to higher education. Moss explains that the fund aims to continuously reinvest in Utah-based businesses to strengthen the state's economic ecosystem. Additionally, the state-owned innovation hub, The Point, will unite various sectors, students, and universities to solve significant problems, generating financial returns and societal benefits. Moss and Starks reflect on Utah's strong sense of community and its inclusive, innovative culture making it a fertile ground for entrepreneurship.