Gov. Perry Announces Two University Research Superiority Grants and TETF Investments In Four Companies
Gov. Rick Perry has announced two research superiority grants to Texas universities and investments in four companies through the Texas Emerging Technology Fund (TETF) for the development and commercialization of their innovative technologies.
"Texas continues to be a leader in jobs, innovation and technological development, thanks in part to investments through the Texas Emerging Technology Fund that have helped attract top researchers to our universities and cutting-edge companies to the state," Gov. Perry said. "The technologies being developed by these investments have the potential to significantly impact a wide range of aspects in our lives, from the way we use energy to the way we treat and cure diseases."
The TETF awards are as follows:
The Texas Therapeutic Institute (TTI), a consortium of the University of Texas Health Science Center Houston, MD Anderson and UT Austin - $6 million to develop and commercialize medical discoveries, particularly in pharmaceuticals. TTI will be headquartered at the Brown Foundation Institute of Molecular Medicine for the Prevention of Human Diseases at UTHealth.
The University of Texas at El Paso - $3 million to establish the Structural and Printed Emerging Technologies Center (SPEC), a research and development facility for integrated 3D systems technologies for use in the aerospace and defense industry. SPEC will work with Lockheed Martin Aeronautics to build on existing world-class rapid-prototyping or additive manufacturing equipment and research at UTEP's W.M. Keck Center for 3D Innovation.
Convergen LifeSciences Inc. - $4.5 million for the development of nano-molecular therapies that target cancer cells without harming normal cells, and can be combined with cancer drugs that are currently available and in development. The product is undergoing lung cancer therapy testing at MD Anderson.
Ideal Power Converter Inc. - $250,000 for the development of its patented electric converter technology for commercial and industrial scale use in North America. Ideal Power's converter is significantly smaller in size than existing power converters, saving costs in materials, manufacturing, shipping and installation. Ideal Power's technology also converts power more efficiently, can support battery interface, and responds faster to power grid transients than conventional electric converters. The company is working with UT Austin.
InView - $1.5 million for the development of high-performance cameras with non-visual infrared (IR), ultraviolet (UV) and terahertz (THz) capabilities utilizing compressive sensing technology developed at Rice University. These cameras will offer increased optical resolution at a lower cost and have security and military applications, as well as value in drug and food inspection.
KLD Energy Technologies Inc. - $2.8 million for the commercialization of its motor system for electric vehicles. KLD's motor conducts energy with greater efficiency than traditional, iron-core motors, improving the performance of vehicles while substantially decreasing the negative impact on the environment. The company is working with the University of Texas at Austin Department of Electrical and Computer Engineering.
The TETF is a $200 million initiative created by the Texas Legislature in 2005 at the governor's request, and reauthorized in 2007 and again in 2009. A 17-member advisory committee of high-tech leaders, entrepreneurs and research experts reviews potential projects and recommends funding allocations to the governor, lieutenant governor and speaker of the House. To date, the TETF has allocated more than $188.5 million in funds to 128 early stage companies, and nearly $170 million in grant matching and research superiority funds to Texas universities.
According to statute, a report on the TETF is due to the Legislature by Jan. 1, 2011. View the Report.
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