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HTC and Gulf Coast RCIC Announce $750,000 ETF Award for StarVision Technologies, Inc.

 FOR IMMEDIATE RELEASE

January 9, 2008


Houston Technology Center (HTC) and Gulf Coast Regional Center of Innovation and Commercialization (Gulf Coast RCIC) for the Texas Emerging Technology Fund (ETF) announced today that StarVision Technologies, Inc. has been awarded a Commercialization Award by the ETF. The award for the Gulf Coast region company was officially announced by Governor Rick Perry.

StarVision Technologies, Inc., a Research Valley-based aerospace research and development company, was awarded $750,000 to help complete itsSpeedStarTM product, a revolutionary new altitude determination sensor system that improves the performance and reduces costs for satellites.

“This investment from the Emerging Technology Fund accelerates the growth of StarVision Technologies and leverages our capacity to attract and create new, high-value jobs in the aerospace industry which will form the future technology backbone of the Texas economy.” said Michael Jacox, President & CEO of StarVision Technologies, Inc.

StarVision Technologies, Inc. is committed to innovative research and development supporting the unmanned vehicle, government and commercial satellite and advanced missile systems markets in the aerospace industry.  StarVision is one of the original spin-off technology companies under Texas A&M University System’s new initiative to increase the commercialization of its intellectual property. StarVision has close collaborations with aerospace industry experts at Texas A&M University and Prairie View A&M University enabling the company to maintain a competitive edge in its target markets and attract the involvement of talented students who gain from real-world activities. For more information, visit www.starvisiontech.com.

The company will become a joint client of both the Houston Technology Center Acceleration program and the Research Valley Innovation Center, a science and technology incubator/accelerator recently established by The Research Valley Partnership and various Texas A&M University System entities to support early-stage companies.  

With this award, StarVision Technologies, Inc. joins 13 other Gulf Coast region award recipients, all supported by Houston Technology Center Acceleration program: CorInnova Incorporated; Endothelix, Inc.; itRobotics, Inc.; NanoComposites, Inc. (NCI); Nanospectra Biosciences, Inc.; Carbon Nanotube Acceleration Project (CNAP), an operating division of Carbon Nanotechnologies, Inc. (CNI); PLx Pharma; Molecular LogiX Inc.; Lynntech, Inc.; Bellicum Pharmaceuticals, Inc.; Laser Tissue Welding, Inc.; Thrombovision, Inc.  and Visualase, Inc.
 
Texas Governor Rick Perry’s $200 million Texas Emerging Technology Fund was created in June 2005 to assist small to mid-size technology companies 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. The ETF program has been renewed to fund awards through August, 2009.
 

HTC serves as the Gulf Coast RCIC for the ETF, collaborating with Greater Houston Partnership (GHP), Economic Development Organizations (EDO) within its 30-county region, area universities, and community volunteers. The Gulf Coast RCIC and the other seven centers are responsible for processing all funding applications and supporting emerging technology companies in their regions.

 

“Together with our EDO partners in the Research Valley, the Houston Technology Center welcomes StarVision Technologies, Inc. as a joint client and congratulates the company for winning this award that will assist the company in commercializing its innovative technology. HTC is privileged to be a part of this state-wide effort to elevate our emerging technology sector and universities and make Texas a strong competitor in the global marketplace. ETF results thus far have had great benefits to the State, the region and our community”, stated Walter Ulrich, President and CEO of Houston Technology Center.
 
Gulf Coast RCIC is currently reviewing applications submitted for the 2-2 round of funding by the ETF. Deadline to submit applications for 2-3 round is March 11, 2008, 10:00 AM CST. For detailed information about the Emerging Technology Fund and upcoming deadlines, visit the Gulf Coast RCIC web site at www.gulfcoastrcic.org.
 

About Houston Technology Center: Houston Technology Center (HTC) is Greater Houston’s business accelerator and the largest technology business incubator in Texas. A 501(C)(3) corporation and the center of entrepreneurship in Houston, HTC accelerates the commercialization of emerging technology companies within several key sectors: Energy, Technology, Life Sciences, Nanotechnology and NASA / Aerospace technologies. For more information visit www.houstontech.org.

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For more information please contact:

Bob Prochnow

Director, Gulf Coast RCIC

(713) 658-1750

BProchnow@HoustonTech.org


Deborah Mansfield
Associate Director, Gulf Coast RCIC
Submitted on January 09th, 2008 11:39 AM by hillaba