Sid Burback is the Founder and Director of the Global Commercialization Group (GCG) of IC2 Institute, The University of Texas at Austin. For more than fourteen years, Mr. Burback has built an organization that created, developed and implemented economic development programs in 16 countries. These initiatives are centered on global entrepreneurship and capacity building in the form of incubators, innovation centers, as well as technology transfer organizations and supporting ecosystems. GCG programs helped to build networks in each country that are linked globally to support entrepreneurs’ access new markets and create wealth. Mr. Burback’s group has supported over a thousand entrepreneurs and new enterprises and trained hundreds of professionals in the best practices to sustain economic growth for future entrepreneurs. GCG has developed a global ecosystem that substantially enhances the flow of new innovation and business opportunities across regions and countries that contribute to real economic impact. He has generated agreements for The University of Texas, worth over $50 million, supporting over a thousand new technology ventures, and creating fourteen centers for innovation.
Prior to his work for The University of Texas, Mr. Burback worked with Pepperdine University on a USAID grant-funded Russian conversion program to commercialize technology from the Russian defense enterprises. He then founded and directed The Global Venture Specialist, and in this capacity worked with 110 Russian defense enterprises and created nineteen ventures serving markets in the US and other regions worldwide. This was accomplished during the Russian transition to a market economy from 1993-1998.
As Principal at the Tora Center, he developed and marketed customized tools for Russian banks, trading companies, the Russian stock market and personal investors. Previously, Mr. Burback owned and operated two franchise companies over a four-year period, during which he designed and developed a software tool for one of these businesses. The technology was ultimately sold to a national franchise company. Additionally, he held various management positions at Continental Airlines for ten years, including the position of the Western Region Director from 1985 – 1990.
Mr. Burback served as a Naval Officer for five years, first as a Foreign Ship Liaison Officer at the 14th Naval District and later as a First Lieutenant on the USS Peoria.