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Policy Alerts Archive
Emerging Technology Fund
On June 13, 2005, Gov. Rick Perry signed House Bill 1765 creating the $200 million Texas Emerging Technology Fund (ETF). The program is designed to help Texas create jobs and grow the economy over the long-term by 1) expediting the development and commercialization of new technologies and 2) by attracting and creating jobs in technology fields that will form the backbone of our economy. The ETF will have three components: 1) Regional Centers of Innovation and Commercialization (RCIC) project grants, 2) Matching emerging technology research grants and 3) Acquisition of research superiority grants.
The University of Texas at Austin was actively involved in the creation of the ETF and continues to work closely with the Governor’s Office of Economic Development. Before the ETF can disperse funds, several steps remain which include: 1) The Governor’s appointment of a 17-member ETF Committee, 2) The formation of Regional Centers of Innovation and Commercialization (RCIC) and 3) Development of the process to submit applications.
The State will have its first quarterly round of RCIC projects submitted for review on Oct. 1, 2005. As the State continues to develop and define the application process, additional information will be forthcoming about how the grant submission process will work within UT.
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