Texas Emerging Technology Fund

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The Texas Emerging Technology Fund (TETF) was created by legislation in 2005 and had its first award given out by 2006. The $200 million is designed to help create jobs and to develop the economy of Texas over the long-term by expediting the development and commercialization of new technologies and attracting and creating jobs in technology fields. It focuses on three main investment areas:

increasing research collaboration through new Regional Centers of Innovation and Commercialization

matching research grants funds

and attracting more top-notch research talent.

As of July 2006, nearly $6 million had been awarded to emerging technology companies. Texas Tech University received the first TETF award, nearly $2 million, to help it become the international leader in agriculture genomics research and development and help make the West Texas region the fiber capital of the world.