Emerging Technology Fund
“In Texas, we understand that high-tech companies don't just happen overnight but are a product of forethought, sound vision and planning, and strategic investments by both the public and private sectors. Through our Emerging Technology Fund, we are bringing the best scientists and researchers to Texas, attracting high-tech jobs and helping start-up companies get off the ground faster.” -- Gov. Rick Perry
What is the Emerging Technology Fund?
The Emerging Technology Fund (ETF) was created by the Texas Legislature in 2005 at the urging of Gov. Perry to provide Texas with an unparalleled advantage in the research, development, and commercialization of emerging technologies.
ETF grants are awarded in the following three areas:
- Research Superiority Acquisition -- funds for Texas higher education institutions to recruit the best research talent in the world.
- Commercialization Awards -- funds to help companies take ideas from concept to development to ready for the marketplace.
- Matching Awards -- funds create public-private partnerships which leverage the unique strengths of universities, federal government grant programs, and industry.
How is the ETF good for Texas?
The ETF brings new ideas and products to the marketplace today. This innovation and the commercialization will have a long-term profound impact on Texas. Priority is given to emerging technology projects that will enhance Texas’ global competitiveness that are collaborative and leverage both critical expertise and financial resources.
Not only will these ETF investments demonstrate economic benefits but also result in significant medical and or scientific breakthroughs which will improve people’s lives.
How can a company win an ETF grant?
The first step is to contact the Regional Center of Innovation and Commercialization (RCIC) in your area. Click here for more information. There are seven RCICs and one Texas Life Science Center to serve stakeholders throughout the state.
RCICs receive applications for ETF awards each calendar quarter from companies within their regions and help guide companies through the application process. For detailed information about applying for ETF grants, click here.
What companies have received ETF awards?
Applications are reviewed quarterly and ETF awards are granted throughout the year. Companies across the state have won ETF awards. For a complete list, click here.
For comprehensive information about the Emerging Technology Fund, visit http://www.emergingtechfund.com/.
