This EDA investment supports the texas higher education foundation with coordinating and implementing a study to support a state-wide initiative to accelerate job creation and tech innovation in texas

The $815,000 Economic Development Administration Project Grant will support the Texas Higher Education Foundation in coordinating and implementing a statewide study to accelerate job creation and technology innovation in Texas. The study aims to develop best practices to spur startup growth through commercialization, ensuring the state provides access to cutting-edge university technologies while creating a business-friendly, competitive environment generating high-skill, high-value jobs. This will help diversify the state economy and strengthen regional economic resiliency post-pandemic under the Department of Commerce's $815K EAA Program (Assistance Listing 11.307) award made August 16, 2022.

The study will lead to the development of best practices that spur startup growth through the commercialization process to ensure that the state of texas is giving the world access to cutting-edge technologies developed in texas universities, while creating a technology business-friendly and competitive environment, ultimately creating high-skill high-value jobs that will help to diversify the state-wide economy and nationally. Once completed, the project will help the state sustain recovery from the coronavirus pandemic, which will strengthen and diversify the regional economy and advance economic resiliency throughout the region.