Announcements and Press Releases
For more Texas Office of the Governor's Emerging Technology Fund press releases, see Governor Perry's News Room
Wind Power Will Help Address Texas’ Growing Energy Needs
Monday, July 26, 2010
Gov. Rick Perry today discussed the importance of diversifying the state’s energy portfolio in order to protect our environment, reduce our dependence on foreign energy sources and grow our state economy. The governor announced an $8.4 million research superiority investment through the Texas Emerging Technology Fund (TETF) in the Texas Tech University System for the development of a collaborative wind energy project.
DeviceFidelity Announces Mobile Contactless Payment Solution for iPhone
Business Wire - Monday, May 17, 2010
RICHARDSON, Texas--Device Fidelity. today announced the availability of its In2Pay™ solution for iPhone, designed to enable iPhone users to make contactless transactions, such as Visa Mobile Payments, by simply waving the iPhone in front of a contactless payment terminal. The solution combines DeviceFidelity’s In2Pay microSD technology with a specially designed, patent-pending protective case that adds mobile contactless capability and works with iPhone 3GS and iPhone 3G.
SolarBridge collects $15M in VC
Austin Business Journal - Monday, April 26, 2010
Microinverter developer SolarBridge Technologies Inc. has received $15 million in Series B funding. Officials at Austin-based SolarBridge said the capital will enable the company to finalize testing and certification, deploy additional beta sites and ramp up production.
Smooth-Stone Bets ARM Will Invade the Data Center
Business Week - April 11, 2010
The Austin (Tex.) startup uses ARM-based chips to create computers for corporate data centers. Its goal: solve data-center power issues once and for all.
MicroTransponder Inc. gets $10M for chronic pain treatment
Dallas Business Journal - by Joyce Tsai Staff writer
February 26, 2010 MicroTransponder Inc. has received nearly $10 million to help it conduct clinical trials to develop a wireless neurotransmitter that treats chronic pain.
February 3, 2010 , Gov. Rick Perry announced that the Texas Emerging Technology Fund (TETF) is awarding a $3.5 million research superiority grant to the University of Houston’s Texas Center for Superconductivity (TcSUH) to help establish and recruit top scientists and researchers in superconductivity to the center’s Applied Research Hub.
Gov. Perry Announces $2 Million Investment in Development, Commercialization of Cancer Treatment
January 28, 2010 , Gov. Rick Perry today that the Texas Emerging Technology Fund will invest $2 million in Salient Pharmaceuticals Inc. of Houston for the commercialization of their CASAD therapy, used to prevent and treat some side effects of cancer therapy.
Gov. Perry Announces $5 Million Investment in Development, Commercialization of Cancer Treatment
December 10, 2009 , Gov. Rick Perry today the state will invest $5 million through the Texas Emerging Technology Fund (TETF) in Mirna Therapeutics Inc. for the development and commercialization of its biopharmaceutical research in micro ribonucleic acid (RNA) treatments for cancer.
Gov. Perry: In Case You Missed It... Texas Ranked as a Top State for Entrepreneurs
December 3, 2009, The Small Business and Entrepreneurial Council (SBEC) has ranked Texas in the top three states for small business and entrepreneurship in their Small Business Survival Index 2009: Ranking the Policy Environment for Entrepreneurship Across the Nation. The index includes comparisons of state competitiveness based on factors including regulatory costs, government spending, property rights, health care and energy costs.
Gov. Perry: The Future of Innovation and Technology is in Texas.
December 3, 2009, Gov. Rick Perry emphasized the importance of strengthening Texas’ economy by promoting research and education in emerging technology sectors. The governor spoke at the grand opening of the Texas A&M Institute for Preclinical Studies (TIPS), which will train veterinarians, physicians, scientists, technicians and engineers to meet the growing needs of the biomedical industry, while accelerating the research, development and commercialization of breakthrough technologies.
Gov. Perry Announces ETF Investment in ActaCell Inc.
November 10, 2009, Gov. Rick Perry today announced the state will invest $250,000 in ActaCell Inc. through the Texas Emerging Technology Fund (ETF) for the development and commercialization of its next generation, high power, rechargeable lithium ion batteries for use in electric vehicles.
Gov. Perry Encourages Optimism on the Texas Economy
November 4, 2009, Thank you, Scott [Johnson, TexasOne Board Member] and thank you for your leadership within the Texas One organization. I also want to thank you and the folks at the Frisco City Council who are committed partners in Texas One. When people hear me talk, they expect me to brag about Texas, so it’s good to be with folks who are willing to join the chorus, and spread the good news about our state.
Bellicum Pharmaceuticals Announces $4.5 Million in New Funding
October 27, 2009, Bellicum Pharmaceuticals, Inc. announced $4.5 million in Series A and Convertible Note funding. The new funds will be used to complete the company’s ongoing Phase I/IIa trial of BP-GMAX-CD1 in patients with advanced, androgen independent prostate cancer, and to prepare for Phase IIb trials. The company anticipates reporting initial results of the Phase I/IIa trial in mid 2010.
Gov. Perry Announces ETF Investment in Patton Surgical Corp.
October 23, 2009, Gov. Rick Perry announced the state will invest $3 million in Patton Surgical Corp. through the Texas Emerging Technology Fund (ETF) for the commercialization of its PassPort double shielded trocar device for use in laparoscopic surgeries. “Texas’ biotechnology industry is essential to developing products that can improve and save lives, and we are working to foster continued growth of this industry within the state,” said Gov. Perry. “This ETF investment will help countless surgical patients by improving upon existing laparoscopic surgery techniques and will further expand Texas’ status as a leader in biotechnology innovations.
First Patient in United Kingdom Treated with AcceleDent
October 22, 2009, OrthoAccel Technologies, Inc., developers of the AcceleDent System, which is an acceleration device for orthodontics, has just completed the sale of the product to several key opinion leaders in the United Kingdom. Doctors Gerry Bellman, Angelos Alvanos and Asif Chatoo are in private practice in the London area while Dr. Lars Christensen is in private practice in Oxford.
Gov. Perry: ETF Encourages Innovation and Investment in Texas
October 21, 2009, Gov. Rick Perry credited the Texas Emerging Technology Fund (ETF) with helping strengthen Texas’ economy by attracting innovative companies, research dollars and jobs to the state. The governor spoke at the Gulf Coast Innovation Conference and Showcase, where he announced ETF investments in three Texas companies.
State tech fund seeding a new crop of Austin startups
October 18, 2009 , AMERICAN-STATESMAN STAFF: Lori Hawkins - Tucked away in an anonymous Southeast Austin business park, scientists at HeatGenie Inc. are developing technology that heats soup with the push of a button to activate a warming element in the can — no stove or microwave needed.
Future of Texas tech fund may well hinge on politics
October 9, 2009, SAN ANTONIO BUSINESS JOURNAL - Now into its fifth year, the state’s Emerging Technology Fund has directed more than $30 million to start-up tech companies in South Texas since its inception. But the future prospects for the ETF are being clouded by the upcoming gubernatorial election. Would a new governor make significant changes to the program set up by Gov. Rick Perry?
ETF Companies Announce Successful Clinical Trial
October 8, 2009, Gov. Rick Perry announced that MacuCLEAR Inc. and Mystic Pharmaceuticals, which have received investments through the Texas Emerging Technology Fund (ETF), have successfully completed a stage one clinical trial for their ophthalmic drug delivery system. The collaboration pairs MacuCLEAR’s therapeutic topical eye drops with Mystic’s innovative drug delivery platform as a treatment for macular degeneration, the leading cause of blindness in the nation.
Gov. Perry Announces ETF Investments in Nine North Texas Area Technology Companies
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.
Gov. Perry Announces $600,000 TEF Investment in Cardiovascular Systems Inc.
October 5, 2009, Gov. Rick Perry announced the state will invest $600,000 through the Texas Enterprise Fund (TEF) in Cardiovascular Systems Inc. (CSI) for the creation of a facility in Pearland to manufacture their arterial disease treatment system, Diamondback 360. This TEF investment will create 100 jobs, with the potential to grow to 250 jobs over the next five years, and generate $23 million in capital investment.
Gov. Perry Announces ETF Investment in Azaya Therapeutics Inc.
September 29, 2009, Gov. Rick Perry announced the state will invest more than $1 million in Azaya Therapeutics Inc. of San Antonio through the Texas Emerging Technology Fund (ETF) for the development of their innovative Azaya Liposome Encapsulated Radiation Therapy (ALERT) for treatment of cancerous tumors.
Gov. Perry Announces ETF Investment in Turbo Trac USA Inc.
September 25, 2009, Gov. Rick Perry announced the state will invest $2 million in Turbo Trac USA Inc., of Midland, through the Texas Emerging Technology Fund (ETF) for the development and commercialization of their energy conservation technology for industrial motor systems.
