HTC announces second funding round for the Texas Emerging Technology Fund
Houston Technology Center
410 Pierce Street
Houston, TX 77002
FOR IMMEDIATE RELEASE
December 7, 2005
The Houston Technology Center announced today that the Gulf Coast Regional Center of Innovation and Commercialization (GCRCIC) will accept applications for the second round of funding for the Texas Emerging Technology Fund (TETF) starting Monday, December 12, 2005 until Thursday, December 22, 2005, 10:00 a.m. CST. A new web site launched by the GCRCIC provides information and assistance in the application process: www.gulfcoastrcic.org.
Companies eligible for funding by the TETF should be legally formed and have some prior scientific / technical validation, either via protected IP or prior grant funding. In addition, proposals submitted must be in collaboration with at least one, public or private, Texas university.
The GCRCIC is also seeking individuals from the GCRCIC''s 32-county region who are interested in serving as Reviewers for the second funding round. Additional information on becoming a Reviewer is available at www.gulfcoastrcic.org. The deadline for Reviewer applications is Friday, December 16, 2005.
The Houston Technology Center, in collaboration with Greater Houston Partnership (GHP) and all the Economic Development Organizations (EDO) within its 32-county region, serves as the GCRCIC for the Texas Emerging Technology Fund. The GCRCIC accepts all funding applications for energy and technology companies 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 Texas universities.
Seven regional centers and one additional center dedicated to life sciences projects only, are assisting the administration of the fund in Texas by receiving applications from individuals and companies, researching each application and submitting recommendations to the Texas Emerging Technology Committee. The Committee makes its recommendations to the Governor, Lt. Governor and Speaker, who determine quarterly which projects will be funded.
"HTC is proud of the collaborative work that was done by the GCRCIC, evaluating the 41 proposals submitted for the first round of funding and selecting those proposals to be submitted to the Texas Emerging Technology Committee. We are looking forward to the Governor''s announcement of the selected proposals and are already working diligently on implementing improvements for the second round of funding", said Paul Frison, President and CEO of the Houston Technology Center. "The much needed support for emerging technology companies in Texas will help not only the companies funded but will also advance the state as a whole", he added.
About the Houston Technology Center
Houston Technology Center (HTC) accelerates the commercialization of emerging technology companies in Houston. A 501(c)(3) corporation and the center of entrepreneurship in Houston, HTC assists Houston-based entrepreneurs within several key sectors: Energy, Information Technology, Life Sciences, Nanotechnology and NASA-originated technologies.
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