UVI Research and Technology Park

What UVI Research and Technology Park does

UVI Research and Technology Park (UVI RTPark) is a technology and entrepreneurship hub affiliated with the University of the Virgin Islands (UVI), a U.S. territory institution. Founded in 2002 and headquartered on the Albert A. Sheen Campus of UVI on St. Croix in Kingshill, U.S. Virgin Islands, the organization operates as a publicly funded, government-affiliated entity with no disclosed external private investors or venture capital backing. Its mission is to support tech businesses, entrepreneurs, and residents of the U.S. Virgin Islands through incubation, economic development, workforce training, and innovation programs. The customer base comprises Virgin Islands entrepreneurs (primary), local businesses and organizations seeking modern event facilities, and USVI residents interested in STEM enrichment and professional pathways.

The organization's commercial anchor is the 64 West Center, a state-of-the-art event and meeting facility comprising a Large Conference Room (up to 75 attendees), an Outdoor Courtyard (up to 100 attendees), and an Outdoor Terrace (up to 30 attendees), equipped with built-in Zoom functionality, dual 98-inch flat-panel monitors, and professional audio systems for hybrid meetings and presentations. Its flagship programmatic offering is the USVI Idea Incubator, a free 15-week virtual program that trains Virgin Islanders to launch web or mobile app startups through weekly virtual sessions with in-person engagements in the first and final weeks; the Fall 2025 cohort is scheduled to run October 30, 2025 through January 2026. Supporting programs include VISTA+ (professional development), SPARK Initiative (entrepreneurship), Entrepreneurship Programs, STEM Enrichment, and Professional Pathways, collectively forming the "Community Advancement" pillar of RTPark.

UVI RTPark's revenue model combines direct commercial transactions with publicly funded programming. Direct revenue is generated through facility rental fees — $50 to $150 per hour depending on space and weekday/weekend status — plus add-on charges for AV equipment ($200 half-day, $400 full-day), after-hours access ($50/hour before 8:30 AM or after 5:00 PM), and event support services. The USVI Idea Incubator and community advancement programs are offered free of charge to participants, sustained by university resources, government partnerships, and program fees. The organization maintains a regional distribution model, with bookings handled through an online facility reservation workflow and incubator applications submitted directly to RTPark, and has no disclosed patents, AI capabilities, or external private funding.

Name

UVI Research and Technology Park

Legal name

UVI Research and Technology Park

Website

https://uvirtpark.net

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

UVI Research and Technology Park is a University of the Virgin Islands-affiliated technology and entrepreneurship hub in the U.S. Virgin Islands. It operates the 64 West Center event facility on St. Croix and runs the free USVI Idea Incubator plus community advancement programs serving local entrepreneurs, residents, and businesses.

Ownership category

akta.pro rank

Product category

Business Incubation Services

akta.pro primary industry

Coding, Game Design & Computer Science Camps (EDAMALAD)

akta.pro secondary industries

STEM & Science Camps (Biology, Chemistry, Space, Lab Science) (EDAMALAC), College & Career Exploration Camps (Pre-College Samplers, Pathways) (EDAMALAN)

Keywords

• Business incubation
• Technology park
• Startup accelerator
• Facility rentals
• Community development

Headquarters

HQ city

Kingsville

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Others

Revenue model

1. Facility Rental Services: Hourly and daily rental of event spaces including the Large Conference Room, Courtyard, and Terrace at the 64 West Center. Additional revenue from AV equipment rental, terrace access add-ons, and outside business hours booking fees.
2. Event Support Services: Event Support Facilitators provide on-site assistance for setup and coordination. Additional fees apply for AV systems, weekend bookings, and extended hours outside normal business operations.
3. Incubator Program Services: Free 15-week virtual incubator program for Virgin Islanders launching web or mobile app startups, with weekly virtual sessions and in-person engagements. Applications accepted until October 10, 2025 for Fall 2025 cohort running October 30 through January.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

UVI Research and Technology Park operates a university-affiliated technology park on the UVI St. Croix campus, providing startup incubation, event/meeting facility rentals, and community advancement programs. Core offerings include the USVI Idea Incubator (a free 15-week virtual startup accelerator for tech founders), the 64 West Center (a hybrid-capable event facility), and workforce/STEM development programs (VISTA+, SPARK Initiative, Entrepreneurship, STEM Enrichment, Professional Pathways).

Product overview

UVI Research and Technology Park is a technology park and business incubator operated by the University of the Virgin Islands. The organization offers a portfolio of programs and facilities including the USVI Idea Incubator (a free 15-week virtual startup accelerator), the 64 West Center (a state-of-the-art event facility with advanced conferencing technology), VISTA+ Program, SPARK Initiative, Entrepreneurship Programs, STEM Enrichment, and Professional Pathways. The organization focuses on supporting tech entrepreneurship, workforce development, and community advancement in the U.S. Virgin Islands through training, facilities, and resources.

Differentiator

Problem solved

Functional benefit

Brands

• SPARK Initiative: A community advancement initiative under RTPark focused on supporting local entrepreneurship and innovation.
• VISTA+ Program

Products and services

• 64 West Center

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Partnerships

One partnership is on record.

• Virgin Islands Catalyst FundminorOthersReferenced as a related resource on the UVI RTPark website under Doing Business section. The Virgin Islands Catalyst Fund is a separate initiative supporting Virgin Islands businesses.

Scale indicators2 records

Recent moves3 records

Expansion highlights4 records

Broad incumbents

• Techstars: Global startup accelerator operating cohort-based programs in partnership with corporations and governments. Comparable in offering accelerator programming to founders, but operates at much larger scale and serves a far broader founder base across geographies.
• Y Combinator: The largest global startup accelerator, offering remote-first programming to founders worldwide including those in the USVI. Sets the benchmark that RTPark's incubator must compete against on prestige, mentor network, and alumni outcomes.

Regional players

• SlashRoots Foundation: Caribbean-focused organization working at the intersection of technology, data, and economic development. Comparable as a regional ecosystem builder operating in Caribbean geographies and supporting local founders and communities.
• Caribbean Climate-Tech and Innovation Hub: Caribbean-focused entrepreneurship and innovation initiatives operating in the same broader region as RTPark. Comparable as a Caribbean-region ecosystem builder, though generally less focused on a single territory's full innovation stack.

Direct peers

• MaRS Discovery District: University-affiliated (University of Toronto) innovation hub offering startup incubation, event facilities, and entrepreneurship programs. Most comparable to RTPark in the structure of combining incubation, facilities, and community programming under a single academic-anchored entity, though at significantly larger scale.
• Dreamit Ventures: Pre-seed accelerator running cohort-based programs with university and corporate partners. Comparable cohort structure, mentorship model, and focus on early-stage tech founders, though typically serves founders in larger US metro areas.
• gener8tor: Accelerator network running 12-week cohort-based programs for startups, often in partnership with regional universities and economic development organizations. Directly comparable in the free/low-cost accelerator model and community-building emphasis.
• Cambridge Innovation Center (CIC): Operator of shared workspace and event facilities serving startups and innovation communities, with locations in multiple cities. Comparable in that it monetizes flexible meeting/event space and hosts ecosystem programming — though typically in larger urban markets and without a public university owner.
• Innovation Depot: Technology business incubator and startup hub affiliated with the University of Alabama at Birmingham. Operates event spaces, mentorship, and accelerator programs for tech founders — a structurally similar model combining university backing, facility rentals, and free programming.
• LaunchCode: Nonprofit organization offering free technology training, apprenticeships, and job placement for underrepresented populations. Directly comparable in combining free tech education with career pathways and employer connections, often in markets underserved by traditional education providers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights3 records

Customer concentration

• Xx.com/UVIRTPark
• Facebookfacebook.com/UVIRTP
• LinkedInlinkedin.com/company/uvirtp

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UVI Research and Technology Park