- $100
million from General Revenue – available
September 1, 2005
- $100
million from Rainy Day fund surplus –
estimated to be available September 1,
2006
The
Emerging Technology Fund (ETF) shall be
allocated as follows:
Fiscal
Year 2006 to start September 1, 2005
- $50
million is reserved to Regional Centers
of Innovation and Commercialization project
activity.
- $25
million is reserved for emerging technology
research matching grant activity.
- $25
million is reserved for acquisition of
research superiority grant activity.
Fiscal
Year 2007 to start September 1, 2006 (dependant
on available rainy day funds)
- $50
million is reserved to Regional Centers
of Innovation and Commercialization project
activity.
- $25
million is reserved for emerging technology
research matching grant activity.
- $25
million is reserved for acquisition of
research superiority grant activity.
The
Governor may reallocate money from one component
of the fund to another component subject
to the prior approval of the Lt. Governor
and Speaker of the House.
The
ETF will have 3 components:
- Subchapter
D – Regional Centers of Innovation
and Commercialization project grants
- Subchapter
E – Matching emerging technology
research grants
- Subchapter
F – Acquisition of research superiority
grants
Emerging
Technology activity is eligible for funding
if:
- Will
result in creation of high quality new
jobs, immediately or over a longer period,
in the sate if tied to emerging technology;
or
- Has
the potential to result in a medical or
scientific breakthrough
Source:
http://www.governor.state.tx.us/divisions/ecodev/etf/
