Biotech in Austin. Where's the money?

In 2002, the Governor's Council on Science and Biotechnology Development was developed for the purpose of creating a seamless system of innovation from the laboratory to the marketplace and in 2005, the Texas Legislature established the Emerging Technology Fund (ETF) with $200M of state funds to be made available to emerging technology projects that meet certain criteria.

Over past twelve months, 43% of the ETF went towards Life Sciences. But where?

There is no doubt that Austin is rich in scientific creativity. We are home to a variety of biotech, medical device and healthcare companies. Community colleges are now establishing programs in biotechnology. A cursory search online resulted in high, double-digit science and biotech jobs in Austin.

The questions that beg to be answered are:  Is Austin really a contender in Life Sciences? And if so, where’s the money?

Austin Technology Council is putting ETF deputy director Alan Kirchhoff on the podium to answer those very questions during their Austin Life Sciences Entrepreneurs event from 6:00 PM to 8:00 PM at Sicola’s on Parkcrest.

The PR Divas love biotech. We'll keep you posted.