The purpose of this innovative space is to facilitate collaboration and entrepreneurial networking for Richardson businesses and the North Texas startup community. In 2018, a visioning study was developed for the Richardson Innovation Quarter which identified 10 main strategies. Below are two strategies identified in the Study:
- Create a shared “innovation space” for businesses
- Strengthen partnerships between the City and universities and colleges for programming and marketing
The IQHQ® @ 1302 E. Collins Boulevard advances these goals and is a critical element in Richardson’s growing innovation ecosystem.
Opened in February 2022, UTD occupies approximately 10,000 square feet of the 27,500-square-foot facility with its Venture Development Center and Emerging Novel Technology Center. Approximately 3,000 square feet has been dedicated for programs, networking and event space that attracts entrepreneurial and startup activity to the area’s thriving tech business ecosystem. The remainder is occupied by the City’s Office of Strategic Initiatives, which coordinates with partners to promote Richardson’s 1,200-acre innovation district. Approximately 7,000 square feet has been set aside for future expansion or flexible partnering opportunities. The City-owned building also adjoins the district’s Duck Creek Trail.
The facility is a living test bed for new technology and Smart City initiatives. As part of the improvements to the facility, a new roof top unit incorporating many of the CDC and ASHREA guidelines for addressing COVID best practices, with MERV 14 filters, air cleaning ionizer in all employee area units, and outside air economizer ensure maximum fresh air exchanges has been installed.