UTEK Corporation Presents a Webinar on Business Model Innovation

Business Wire, April 22, 2009

TAMPA, Fla. -- UTEK Corporation (NYSE-AMEX: UTK) (LSE-AIM: UTK), a leading innovation services company, is pleased to announce its next webinar, Business Model Innovation, which will be held on Tuesday May 5th at 2PM EDT.

Presenting will be Professor Henry Chesbrough, one of the world’s leading authorities on the topic of innovation and one of the few who has literally innovated the discipline of innovation.

Professor Chesbrough is Executive Director of the Center for Open Innovation at the Haas School of Business at UC Berkeley and was named by Scientific American as one of the Top 50 Business and Technology Leaders. Professor Chesbrough currently serves as a Strategic Advisor to UTEK.

Professor Chesbrough will share practical guidelines for executives and managers who seek to transform their business model through innovation. He will introduce a framework for approaching business model strategy and describe specific actions one may take to overcome the internal legacies that stand in the way of success.

Joining Professor Chesbrough will be Peter Skarzynski, the author of Innovation to the Core (Harvard Business School Press, 2008) and a leading expert on the topics of strategy and innovation. Mr. Skarzynski will share leading practice and examples of developing and sustainably executing business model innovation. He is widely published on the topic of innovation across a variety of periodicals, including Dow Jones & Company, The Drucker Foundation, Leader to Leader, CNET News.com, Chief Executive and Management Review. Mr. Skarzynski is a Managing Director of Strategos, which was acquired by UTEK in 2008.

Register for this webinar online at: http://guest.cvent.com/i.aspx?5S,M3,5c5a68a8-e396-4a93-ac76-8ca8c859f5b2.

About UTEK Corporation

UTEK® is a leading innovation services company. UTEK’s services enable clients to become stronger innovators, rapidly source externally developed technologies, create value from their intellectual property and gain foresight into marketplace and technology developments that affect their business. UTEK is a business development company. For more information about UTEK, please visit its website at www.utekcorp.com.