GCRCIC announcing a third round of funding by the Texas Emerging Technology Fund
FOR IMMEDIATE RELEASE
March 06, 2005
Early application deadline for the current round of funding is Tuesday, March 21, 2006 10:00 a.m. CST and final application deadline is Tuesday, March 28, 2006, 10:00 a.m. CST.
To qualify for a Commercialization Grant from the Texas Emerging Technology Fund, companies must be legally formed and have some prior scientific/technical validation, either via protected IP or prior grant funding. Proposals submitted must be developed in a well-defined collaboration with a
Grant requests for pre-seed stage companies should be in the range of $100K to $750K. Early stage company requests should be in the range of $500K to $2.5M (not to exceed $5M).
Priority will be given to projects that may result in a medical or scientific breakthrough (potentially disruptive technology) or to projects that involve emerging scientific or technology fields that have a reasonable probability of enhancing the state’s national or global economic competitiveness.
For detailed information about the Emerging Technology Fund, visit the Gulf Coast RCIC web site at www.gulfcoastrcic.org.
The Houston Technology Center (HTC), is the Gulf Coast RCIC for the Texas Emerging Technology Fund, collaborating with Greater Houston Partnership (GHP) and all the Economic Development Organizations (EDO) within its 32-county region. The GCRCIC accepts all funding applications within its region.
The TETF was created in June 2005 by Governor Rick Perry, allocating $200 million to assist small to mid-size technology firms to launch sooner, expedite the commercialization of new life-changing inventions out of the lab and into the hands of consumers and improve research at
“As we launch the third round of funding by the Texas Emerging Technology Fund, we are very pleased to see the momentum generated by the program and the excitement within the technology sector and the business community at large. The RCIC structure helps us elevate the collaboration between the various economic development organizations in our region and strengthen the ties between the different regions”, said
The GCRCIC will hold a workshop on Tuesday, March 14, 2006 for companies interested in applying for funding by the Texas Emerging Technology Fund. For more information visit www.houstontech.org.
For more information please contact:
GCRCIC Project Manager