UGP developed out of the I2C Start-Academy, a programm of the Innovation & Incubation Centre at TU Wien. The Start-Academy aims at identifying & validating business opportunities based on research projects.

During this program the two founders met and worked together. Later they decided to found UGP materials together each bringing expert know-how. One in the field of materials science, the other one in the field of business development and starting a company.