Type Private | Website teknekroncorp.com | |
Founded 1968; 49 years ago (1968) Headquarters Incline Village, Nevada, United States | ||
Teknekron Corporation is one of the world's first technology-focused business incubators.
Contents
Teknekron was founded in 1968 by Harvey Wagner and several UC Berkeley professors. By 1991 it had grown to $225 million in revenue, a 40% annual rate of growth. .
The company is registered in the tax shelter of Incline Village in Nevada. Although Wagner had a small office there near his Lake Tahoe house, most of the company's operations are in Berkeley, the San Francisco Peninsula, and the Dallas–Fort Worth area.
Theoretical and policy research
During the 1960s and 1970s, Teknekron was awarded numerous research contracts by the U.S. government, including the transfer of technology from NASA's space program to civilian uses, the dispersal modeling and generation forecasts of noxious gases from power generation, urban effects of drought in San Francisco, mental health services in California, durability of manufactured goods, and public perceptions of highway safety.
Contracted research for private clients included Workers' compensation.
Some of Teknekron's research was performed in partnership with UC Berkeley.
Incubated businesses
By 1991 four companies had been spun out as separate public companies or sold off, one had failed and six were running as "affiliate companies."
Partnerships
Teknekron partnered with external firms as well. In 1991 it signed a co-marketing agreement with the Belgian microelectronics research partnership Interuniversity Microelectronics Centre.