Idaho TechConnect is the state's only market driven private-public organization focused solely on technology - its development, transfer and commercialization.

TechConnect offers services in four broad areas:

Commercialization
Raising Capital
Business Teambuilding
Networking

These services are intended to address business risks including:

Business Model
Technology
Market
Execution/Management
Financing

There are 4 regional offices (Post Falls, Nampa, Jerome and Idaho Falls) located around the state that provide access to regional, state and national resources.

TechConnect was created to bridge the gap between innovation (research, patents, copyrights, ideas) and entrepreneurial assets (people, money, facilities).

As Idaho's only private-public business development organization, TechConnect focuses on the start-up, growth and success of innovation-based businesses.  These businesses make up less than 5% of the total business entities in the state but contribute more than 25% of the state's gross domestic product.  These businesses employ higher concentrations of science and technology occupations and pay 50 to 100% more in salaries and wages than the state's average wage (income).

Idaho TechConnect specializes in "connecting" new and existing innovation-based businesses to the resources and solutions that will allow them to be competitive in the global economy. 

In 2006 and 2007, the Idaho Legislature allocated $300,000 to TechConnect. The funds pass through the Idaho Department of Commerce, Office of Science and Technology. Additional funds come through the Idaho National Lab (INL) and other sources.

TechConnect staff work to alleviate key business risks, including technological, product, competition, market and management. This is accomplished through the operation of the Goldsmith Model. The model, developed by Randall Goldsmith under a contract with the US Department of Energy in the 1980s, screens and assesses the economic feasibility and viability of a company's commercialization process for a product.

Idaho TechConnect's services are open to everyone with an innovative idea. However, priority is given to Idaho companies with a focus on industries with a higher concentration of occupations that are technology-oriented.