One organization is providing funding that will help four local companies develop new technologies and support Houston jobs. Visit http://houston.jobing.com/jobs to learn more.
The Texas Emerging Technology Fund recently announced its plans to invest in four Houston area companies in order to support the development and commercialization of their innovative technologies, which will in turn support local Houston jobs.
“Texas is the best state in the nation for developing ground breaking technologies thanks to investments from the Texas Emerging Technology Fund, which has fostered an environment of innovation that attracts companies and top researchers to our state,” Gov. Rick Perry said. “These four TETF investments will help develop these cutting edge technologies in fields ranging from biomedical engineering to electronics.”
The companies slated to receive funding from the TETF include:
- Leonardo BioSystems Inc. – The company will get $2.5 million to develop a cancer treatment that will eventually allow for the development and use of more powerful and effective chemotherapy drugs that are safe for humans and have fewer side effects. Leonardo is partnering with the University of Texas Health Science Center at Houston for the technology.
- Ensysce Biosciences Inc. – The company will receive $250,000 to develop a carbon nanotube technology that delivers cancer therapeutics to patients. Ensysce is working with Rice University and the University of Texas MD Anderson Cancer Center to develop the technology.
- N3D Biosciences Inc. – The company will get $250,000 to commercialize its 3D in vitro cell culturing, which will help with life science research and development, as well as drug discovery, toxicology and regenerative medicine. Nano3D is partnering with Rice University and the University of Texas MD Anderson Cancer Center to further the technology.
- Veros Systems Inc. – The company will receive $250,000 to develop and launch its Smart Electrical Interface technology, which constantly monitors and assesses industrial machines in order to identify problems. Veros is working with Texas A&M University to develop the technology.
Since its creation in 2005, the TETF has allocated more than $141.75 million to 109 early stage companies, and $153 million in grant matching and research superiority funds to universities throughout Texas.
Tags: Houston jobs