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Who We Are – North Texas RCIC. Connecting Innovation & Capital Our mission ... to accelerate the growth of the North Texas technology based economy by identifying, educating, and connecting entrepreneurs, investors, universities, government, and business.
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Who We Are – North Texas RCIC • Connecting Innovation & Capital • Our mission... to accelerate the growth of the North Texas technology based economy by identifying, educating, and connecting entrepreneurs, investors, universities, • government, and business. IDENITIFY CONNECT EDUCATE
What We Do • Identify emerging technologies that change our: • Environment • Culture • Economics
Technologies of Interest Platform Technologies – building blocks for seamless, interconnected architectures Adopting technology, faster implementation of innovation Context based services – streamlining data, value-added services, social IT Extending and integrating business capabilities. Mobile & Business Intelligence – solutions for anyone, anywhere Applications, financial, development techniques and tools Analog – Digital – foundations for Advanced Technology & Manufacturing Precision tools, smart systems, medical devices
Technologies of Interest Not just a passing trend… Advanced Manufacturing – Tools, molecular engineering, nanoscale Environmental – Chemical, organic, high yield production, green tech Energy – wind, water, smart systems Synthetic Biology – Therapeutics and processes Information Technologies & Communications – Mesh networks, mobile mapping, identification, business intelligence
Identifying Emerging Businesses • The future businesses of Texas must have: • IP – Patents. Competitive advantage, trade secret, platform for difference • A Team. Experienced entrepreneur. Market and technology expertise. • Customer and or institutional product/technology validation. • Market. Size of opportunity. Growth and cross market applications. • Business model. License technology, revenue generation.
Investing in Innovation North Texas Portfolio Companies 41 funded companies = $53M 7 Research and Centers of Excellence: $32M 19 – IT and Telecommunications 14 – Life Science 6 – Energy, Environmental 2 – Advanced Technologies & Manufacturing Attracted $151M in private/VC investment Created 325 new jobs, 1100 indirect jobs 9 regional business incubators Active technology transfer offices in regional universities Growing Arts and Engineering programs