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South Texas Regional Center of Innovation and Commercialization STRCIC
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General Intent: Get both intellectual property and capital out of Texas' ... Calhoun, Comal, De Witt, Frio, Gillespie, Goliad, Gonzales, Guadalupe, Jackson, ... – PowerPoint PPT presentation
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Title: South Texas Regional Center of Innovation and Commercialization STRCIC
1
South Texas Regional Center of Innovation and
CommercializationSTRCIC
Presentation to About
Emerging Technology Fund
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ETF A 3-Tiered Program
General Intent Get both intellectual property
and capital out of Texas Institutions of Higher
Education (IHEs) and into Texass private
sectori.e. Technology Transfer
3
Subchapter D100M Incentives for
Commercialization
- Quarterly funding rounds
- Propensity to early-stage companies
- Virtually all industries
- Sweet spots
- Collaboration, Collaboration, Collaboration w/ a
TX IHE - Scientifically Innovative
- Magnet for job creation ED
- State expects an ROI, ergo not a traditional
grant - Awards in the 250K - 2M range
- 4.85M invested in South Texas Companies to date
- CardioSpectra Sold for 25M
Process
Apx 6 months
4
South Texas RCIC Geography
San Antonio
Victoria
Counties Served Aransas, Atascosa, Bandera, Bee,
Bexar, Blanco, Calhoun, Comal, De Witt, Frio,
Gillespie, Goliad, Gonzales, Guadalupe, Jackson,
Karnes, Kendall, Kerr, Kimble, Lavaca, Live Oak,
Llano, Mason, McMullen, Medina, Nueces, Refugio,
San Patricio, Victoria, and Wilson
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Subchapter E50M Research Grant Matching
- Handled directly by the Governors Office for
now - Quarterly funding rounds
- Private sector company must be applicant, but
can be shared - Grant to be matched must come from outside TX,
i.e. feds, private foundations, corporate, etc - Sweet spots
- Collaboration, Collaboration, Collaborationw/ a
TX IHE - Quality of commercialization
- Quality of match
- Emerging Interdisciplinary
- Awards in 200K - 5M range, average is 1M -
1.2M - 7.9M invested in South Texas
- Traditional grant
Process
Apx 6 months
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Emerging Technology has been defined to include
- Semiconductors
- Information
- Computer software technology
- Energy
- Mfg. energy systems
- Micro-electro Mech. systems
- Nanotechnology
- Biotechnology
- Aerospace and defense
- Medicine
- Life sciences
- Petroleum refining and
- chemical processes
- Other pursuits as determined by the Governor, Lt.
Gov. and Speaker.
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What Makes an Application Competitive?
- Subchapter D
- Strong collaboration with an IHE
- Licensing, and/or
- Contract, and/or
- Student support
- Traditional VC criteria
- Comprehensive business plan
- Strong management
- Large market
- Proprietary IP
- Technology that approaches a medical or
scientific breakthrough - Job creation and economic development benefits
- Subchapter E
- Strong collaboration with an IHE
- Joint research, and/or
- Applied research and commercialization
- Innovative and emerging nature of technology
- Strength of the match
- Federal, e.g SBIR phase II better than phase I
- Other, world renown? Industry leader? etc
- Technology that approaches a medical or
scientific breakthrough
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