TIME Magazine Names The University of Arizona Center for Innovation Among Top Business Incubators

August 18, 2026 (Tucson, Ariz.)- The University of Arizona Center for Innovation (UACI) was recognized as one of America's Best Incubators & Accelerators in 2026, as published by TIME Magazine, securing national recognition for its success in helping entrepreneurs launch and grow innovative science and technology companies. The ranking spotlights the United States’ most effective entrepreneurial programs that deliver the greatest value and measurable outcomes for early-stage companies. 

UACI earned the number 56 ranking through 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. UACI's impact spans more than 20 years, supporting over 1,500 entrepreneurs and 300 startups that have secured upwards of $200 million in capital. From 2021 to 2023, UACI client companies generated $664.8 million in economic impact, highlighting the organization’s significant contribution to Arizona’s economy. 

Time Magazine’s recognition underscores UACI's proven track record of helping science and technology startups transform 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.  

The incubator’s impact is best illustrated by the progress of companies like Paramium Technologies, a satellite communications startup based on University of Arizona research, that transformed early-stage innovation into a growth-ready enterprise through 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.  

"Time Magazine’s distinction is a testament to UACI’s commitment to fostering innovation and supporting the next generation of entrepreneurs," said UACI Chief Innovation Officer Casey Carrillo. "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." 

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 Town of Oro Valley, the Town of 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. 

To see the full TIMES ranking list, click here: America’s Best Incubators and Accelerators of 2026 

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

About the UA Center for Innovation 
The University of Arizona Center for Innovation (UACI) is a startup incubator network with outposts across the Southern Arizona region. For two decades, the program has directly served over 300 companies, impacting thousands of entrepreneurs who have attracted $200M in external capital. This is done by providing access to the people, place, and programming that help entrepreneurs take their companies from idea to market. With the mission to fuel the Arizona economy, UACI works to help scale science and tech-based startups under the scope of Tech Parks Arizona creating university-based economic impact.   

About Tech Parks Arizona 

Tech Parks Arizona creates environments where innovation thrives, connecting entrepreneurs, industry, and the University of Arizona to drive economic growth. Through the UA Tech Park, UA Tech Park at The Bridges, and the University of Arizona Center for Innovation (UACI), Tech Parks Arizona supports organizations of all sizes, from startups to global companies, generating $2.6 billion in economic impact annually.