Office of the Governor Rick Perry

Gov. Perry Receives Government Technology Leadership Award From National Association of Seed and Venture Funds

Tuesday, October 18, 2011  •  Austin, Texas  •  Press Release

Gov. Rick Perry has received the National Association of Seed and Venture Funds (NASVF) Government Technology Leadership Award, which is given to a federal, state or regional official that has made exceptional contributions in leadership, program initiatives and resources to improve the economic climate for technology-based emerging enterprises.

"Here in Texas, we've focused on creating an economic environment that encourages innovation and entrepreneurship, which includes having a source for critical venture capital funding, like our Texas Emerging Technology Fund, to help get innovative ideas off the ground," Gov. Perry said. "I'm proud of the work we've done to make Texas a leading center for groundbreaking research and technology innovation, and I will continue to work toward an even brighter future that combines our business climate, investments in university research and the success of programs like our Texas Emerging Technology Fund to make Texas the best place in the nation to pursue the next great idea."

"Gov. Perry has demonstrated leadership and dedication to deploying innovation capital through state-based economic development organizations and private-public partnerships resulting in technology initiatives that have contributed to the economic growth of Texas," NASVF President and CEO Jim Jaffe said. "Texas has outperformed the majority of other states in the effort to support entrepreneurs and startup technology companies."

The State of Texas and the Center For Innovation in Arlington are hosting the 18th Annual NASVF Conference in Arlington on October 17-19.

NASVF is an international membership organization that advocates for the growth of seed and early-stage innovation capital. NASVF connects the people in the world of venture capital and regional economic development, and collaborates with public and private fund managers and tech transfer professionals, who are committed to building their local economies by investing in entrepreneurs.

The TETF was created by the Texas Legislature in 2005 at the governor's request, and reauthorized in 2007, 2009 and 2011. 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 $197.2 million in funds to 133 early stage companies, and $173 million in grant matching and research superiority funds to Texas universities, attracting 57 lead researchers, 20 research teams and more than 360 research staff.

For more information on the TETF, please visit http://www.emergingtechfund.com.

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