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In 2005, the Texas legislature passed the Texas Emerging Technology Fund (ETF) under HB 1765, establishing an investment fund for technology-based start-up ventures.  The objectives of the legislation were to foster research initiatives among the State’s institutions of higher learning and encourage the development of “next generation” innovative, competitive technology companies in the State of Texas.  The ETF has been renewed twice; most recently with $203.5 million for the next biennium to continue the commitment to advance Texas as an entrepreneurial state through investment in commercialization ventures and applied research.

The goals of the ETF are to:

• Expedite innovation and commercialization of research
• Attract and create high quality jobs in Texas
• Increase higher education applied research capabilities that will make Texas competitive

The ETF is for Texas-based companies that will commercialize a breakthrough technology. Seven physical, and one virtual, regional Centers for Innovation and Commercialization, were established in 2005 to identify, vet and coach ETF applicants.  The Trans-Pecos/El Paso Regional Center for Innovation & Commercialization (TPEP RCIC) is the regional agent for the West Texas area, covering 9 counties.  Our staff is committed to identifying quality clients for ETF investment, as well as providing resources to our funded clients. Apply for Funding