U of A ranks among nation's top university-affiliated business incubators

University Communications
Aug. 19, 2026
Image
A large red, white and blue block 'A' is affixed to the side of a metal wall. The photo is taken through a window, casting a slight reflection.

TIME Magazine ranked The University of Arizona Center for Innovation ranked No. 6 among public university-affiliated incubators, No. 15 among all university-affiliated incubators and accelerators, and No. 56 overall for delivering the greatest value and measurable outcomes for early-stage companies.

The University of Arizona was recognized by TIME Magazine for its continued success helping entrepreneurs launch and grow innovative science and technology companies after the publication listed the University of Arizona Center for Innovation in the 2026 edition of America's Best Incubators and Accelerators.

Image
A man and a woman wearing formal clothes stand next to each other in front of a sign that reads: The University of Arizona Center for Innovation

UACI Chief Innovation Officer Casey Carrillo and Paramium Technologies CEO Justin Hyatt

University of Arizona Center for Innovation

The center, also known as UACI, ranked No. 6 among public university-affiliated incubators, No. 15 among all university-affiliated incubators and accelerators, and No. 56 overall in this year's rankings. The list recognizes the most effective entrepreneurial programs in the nation for delivering the greatest value and measurable outcomes for early-stage companies.

"TIME Magazine's distinction is a testament to UACI's commitment to fostering innovation and supporting the next generation of entrepreneurs," said Casey Carrillo, chief innovation officer at UACI. "It reflects not only the success of the startups we serve, but also the strength of our community partners and the collaborative ecosystem we've built across Southern Arizona. We remain focused on helping founders navigate the challenges of being market-ready while building companies that positively impact our communities, industries and economy." 

Rankings were based on a comprehensive evaluation conducted in partnership with the data firm Statista, which included organization submissions, feedback from startup founders and alumni, and assessments from experienced entrepreneurship and innovation professionals. 

As part of Tech Parks Arizona, a not-for-profit focused on university-based economic development, UACI serves as a foundational element of a broader strategy to grow local companies, support business retention, and attract new enterprises. The center guides science and technology startups in transforming innovative ideas into thriving businesses by helping founders build and scale companies across industries including health and life sciences, climate technology, engineering, software, optics, aerospace and semiconductors.  

UACI's impact spans more than 20 years, supporting more than 1,500 entrepreneurs and 300 startups that have secured upwards of $200 million in capital. From 2021 to 2023, client companies generated $664.8 million in economic impact, highlighting the organization's significant contribution to Arizona's economy. 

That work is illustrated by the progress of companies like Paramium Technologies, a satellite communications startup based on U of A research that transformed early-stage innovation into a growth-ready enterprise through the UACI's tailored mentorship support. After graduating from the incubator, the company expanded into the UA Tech Park to construct its first Magnum antenna, highlighting UACI's ability to support the company in refining its business model and go-to-market strategy, creating a clear pathway for growth and expansion. 

UACI has expanded its impact through a new digital incubation program, increased support for international companies with its award-winning Soft Landings program, and strengthened partnerships that connect entrepreneurs with mentorship, funding sources and industry expertise.  

UACI's success is fueled by a strong network of partners that have a shared commitment to economic development, including collaborations with Pima County, Startup Tucson, the towns of Oro Valley and Sahuarita, the city of Sierra Vista, Tucson Electric Power, PICOR, Tetakawi and others, which have created a thriving environment for founders and international companies wanting to expand to the United States. Together, these organizations have built a robust startup pipeline, attracted investment, supported job creation, and elevated Southern Arizona's reputation as a hub for innovation. 

A version of this story originally published on the University of Arizona Center for Innovation website.