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Coalition Partner Spotlight: Innovate Texas
About Innovate Texas
Innovate Texas serves as a catalyst for collaboration and transactions among the state’s academic institutions, businesses, investors and government enabling them to engage with the global economy more efficiently and effectively.
Texas is blessed with an abundance of natural resources and a collection of some of the most accomplished academic institutions in the world. The state possesses a diverse range of intellectual capital in areas such as energy, environment, biotechnology, information technology, and agricultural sciences. While these institutions continue to drive scientific innovation and advancement, we realized an enormous opportunity to create even greater value for society by better connecting their research to the global economy to foster businesses in Texas that will create new jobs.
We realized that Texas lacked a unified mechanism to connect its technological resources with entrepreneurs and capital. Responding to the challenge of the accelerated timeframes of technological innovation, Innovate Texas Foundation was founded to provide the rapid and coordinated response essential to capturing opportunities that would otherwise head outside of our state and create jobs elsewhere.
To gain maximum value and competitive advantage in an increasingly globalized economy, it is critical that Texas connects its researchers and innovators with the entrepreneurial and financial capital needed to produce world-class companies that create high-value jobs in the state. Innovate Texas Foundation serves as a catalyst for collaboration and transactions among the state’s academic institutions, businesses, investors and government enabling them to engage with the global economy more efficiently and effectively.
By connecting the wealth of knowledge in Texas with the entrepreneurial and financial resources of the globalized economy, Innovate Texas Foundation helps foster a culture in the state that encourages innovation and appreciates the need for strong businesses to create the high-value jobs that will form the backbone of our future economy.
Ultimately, Innovate Texas Foundation believes improving the utilization of our technology will strengthen our public and private universities through licensing, royalty, and other commercial agreements. Also, the new revenue generated by such commercialization will fund still more research, fueling a self-sustaining cycle that will benefit businesses, universities, and taxpayers for generations to come.
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