ETF Announces More than $11 Million Investments in Nine North Texas Area Technology Companies
October 8, 2009
Posted: October 8, 2009
Gov. Rick Perry announced the state will continue to strengthen its expanding emerging technology sectors through investments from the Texas Emerging Technology Fund (ETF) in nine innovative North Texas area companies.
“The ETF is super-charging the research environment in our state, harnessing Texan’s pioneering ideas and encouraging even greater efforts to inquire, innovate and invest,” Gov. Perry said. “These investments will help further the research and ideas born in Texas university laboratories, and invest in their development into products that can ultimately create jobs, improve people’s quality of life and strengthen our state economy.”
The ETF awards are as follows:
1. 2Cimple Inc. of Dallas is receiving a $1.5 million investment for commercialization of its interactive online video system software.
2. Advanced Receiver Technologies (ART) of Dallas is receiving $250,000 investment for their Single Antenna Interference Cancellation handset technology for 3G cellular phones.
3. Bynari of Dallas is receiving a $1.5 million investment for commercialization of its messaging integration software.
4. Device Fidelity Inc. of Richardson is receiving a $3 million investment for commercialization of its In2Pay technology, which enables contactless, secure banking transactions via mobile phone.
5. iLearning Gateway of Dallas is receiving a $1 million investment for the development of their TeachingBOT tutoring software.
6. Interoperate.biz Inc. of Plano is receiving a $250,000 investment for the commercialization of its rapid computer language translation software.
7. Net.orange of Dallas is receiving a $1.9 million investment for the development of their Clinical Pathways Management Solution software.
8. OnTrack Imaging Inc. of Flower Mound is receiving a $250,000 investment to commercialize its high definition ultrasound imaging system for horses.
9. Varaha Systems Inc. of Dallas is receiving a $1.5 million investment to commercialize their uMobility software.
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