AUSTIN Gov. Rick Perry today announced the state will continue to strengthen its expanding emerging technology sectors through investments from the Texas Emerging Technology Fund (ETF) in nine innovative North Texas area companies.The ETF is super-charging the research environment in our state harnessing Texans pioneering ideas and encouraging even greater efforts to inquire innovate and invest" Gov. Perry said.
These investments will help further the research and ideas born in Texas university laboratories and invest in their development into products that can ultimately create jobs improve peoples quality of life and strengthen our state economy" said Perry.
The ETF awards are as follows:
Cimple Inc. of Dallas is receiving a $1.5 million investment for commercialization of its interactive online video system software. The program allows interactivity within the video and can be used for target advertising merchandizing e-commerce lead generations mobile and online coupons viral marketing e-learning quizzing polling voting calls email chat SMS messaging and search. 2Cimple is working with the University of Texas at Dallas Department of Computer Science to commercialize the software.
Advanced Receiver Technologies (ART) of Dallas is receiving $250000 investment for their Single Antenna Interference Cancellation handset technology for 3G cellular phones. The device addresses problems that result from adjacent-cell interface in cellular communications systems such as dropped calls slow downloads or frozen videos. The technology will improve call connectivity and allow 3G mobile users to have uninterrupted high speed broadband internet connectivity. ART is partnering with the University of Texas at Dallas to develop the device.
Bynari of Dallas is receiving a $1.5 million investment for commercialization of its messaging integration software. The program allows interoperability between all versions of Microsoft Outlook and third party email creating a seamless collaboration that promotes sharing and groupware functions. Bynari is partnering with the University of Texas at Arlington to continue development of the software.
Device Fidelity Inc. of Richardson is receiving a $3 million investment for commercialization of its In2Pay technology which enables contactless secure banking transactions via mobile phone. The technology allows banks to commercialize mobile payment without the need for major expensive changes to existing financial transaction processes. Device Fidelity is working with the University of Texas at Dallas Computer Science Department to further develop the technology.
iLearning Gateway of Dallas is receiving a $1 million investment for the development of their TeachingBOT tutoring software. The software will help K-12 students across the state by providing affordable one-on-one web based tutoring in a variety of subjects. iLearning is partnering with the University of Texas at Dallas College of Engineering to further develop the software.
Interoperate.biz Inc. of Plano is receiving a $250000 investment for the commercialization of its rapid computer language translation software. The program enables the automatic translation of obsolete computer legacy codes to modern computer languages reducing the time and cost associated with translation.
Net.orange of Dallas is receiving a $1.9 million investment for the development of their Clinical Pathways Management Solution software. The program allows healthcare providers to more easily analyze monitor and act on information for better patient care and treatment. The technology will initially be used to monitor oncology diabetes and womens health patients. Net.orange is working with the University of Texas Southwestern Medical Center to develop the software.
OnTrack Imaging Inc. of Flower Mound is receiving a $250000 investment to commercialize its high definition ultrasound imaging system for horses. The system can detect defects in a horses soft tissue such as pre-injury lesions to avoid catastrophic or career ending injury in performance horses. The company plans to expand to the human sports medicine market as well. On Track Imaging is working with Texas A&M University to develop and test the device.
Varaha Systems Inc. of Dallas is receiving a $1.5 million investment to commercialize their uMobility software. The program allows users to extend voice data and video applications to mobile devices creating ease of communications for the mobile workforce while maintaining security and network accessibility. Varaha is partnering with the University of Texas at Arlington to further develop the technology.
The ETF is a $200 million initiative created by the Texas Legislature in 2005 at the governors request and reauthorized in 2007 and again this session with $203.5 million for the 2010-2011 biennium. A 17-member advisory committee of high-tech leaders entrepreneurs and research experts reviews potential projects and recommends funding allocations to the governor lieutenant governor and speaker of the House.
To date the ETF has allocated more than $110 million in funds to 89 early stage companies.
For more information on the ETF please visit www.emergingtechfund.com.
AUSTIN Gov. Rick Perry today announced the state will continue to strengthen its expanding emerging technology sectors through investments from the Texas Emerging Technology Fund (ETF) in nine innovative North Texas area companies.The ETF is super-charging the research environment in our state harnessing Texans pioneering ideas and encouraging even greater efforts to inquire innovate and invest" Gov. Perry said.
These investments will help further the research and ideas born in Texas university laboratories and invest in their development into products that can ultimately create jobs improve peoples quality of life and strengthen our state economy" said Perry.
The ETF awards are as follows:
Cimple Inc. of Dallas is receiving a $1.5 million investment for commercialization of its interactive online video system software. The program allows interactivity within the video and can be used for target advertising merchandizing e-commerce lead generations mobile and online coupons viral marketing e-learning quizzing polling voting calls email chat SMS messaging and search. 2Cimple is working with the University of Texas at Dallas Department of Computer Science to commercialize the software.
Advanced Receiver Technologies (ART) of Dallas is receiving $250000 investment for their Single Antenna Interference Cancellation handset technology for 3G cellular phones. The device addresses problems that result from adjacent-cell interface in cellular communications systems such as dropped calls slow downloads or frozen videos. The technology will improve call connectivity and allow 3G mobile users to have uninterrupted high speed broadband internet connectivity. ART is partnering with the University of Texas at Dallas to develop the device.
Bynari of Dallas is receiving a $1.5 million investment for commercialization of its messaging integration software. The program allows interoperability between all versions of Microsoft Outlook and third party email creating a seamless collaboration that promotes sharing and groupware functions. Bynari is partnering with the University of Texas at Arlington to continue development of the software.
Device Fidelity Inc. of Richardson is receiving a $3 million investment for commercialization of its In2Pay technology which enables contactless secure banking transactions via mobile phone. The technology allows banks to commercialize mobile payment without the need for major expensive changes to existing financial transaction processes. Device Fidelity is working with the University of Texas at Dallas Computer Science Department to further develop the technology.
iLearning Gateway of Dallas is receiving a $1 million investment for the development of their TeachingBOT tutoring software. The software will help K-12 students across the state by providing affordable one-on-one web based tutoring in a variety of subjects. iLearning is partnering with the University of Texas at Dallas College of Engineering to further develop the software.
Interoperate.biz Inc. of Plano is receiving a $250000 investment for the commercialization of its rapid computer language translation software. The program enables the automatic translation of obsolete computer legacy codes to modern computer languages reducing the time and cost associated with translation.
Net.orange of Dallas is receiving a $1.9 million investment for the development of their Clinical Pathways Management Solution software. The program allows healthcare providers to more easily analyze monitor and act on information for better patient care and treatment. The technology will initially be used to monitor oncology diabetes and womens health patients. Net.orange is working with the University of Texas Southwestern Medical Center to develop the software.
OnTrack Imaging Inc. of Flower Mound is receiving a $250000 investment to commercialize its high definition ultrasound imaging system for horses. The system can detect defects in a horses soft tissue such as pre-injury lesions to avoid catastrophic or career ending injury in performance horses. The company plans to expand to the human sports medicine market as well. On Track Imaging is working with Texas A&M University to develop and test the device.
Varaha Systems Inc. of Dallas is receiving a $1.5 million investment to commercialize their uMobility software. The program allows users to extend voice data and video applications to mobile devices creating ease of communications for the mobile workforce while maintaining security and network accessibility. Varaha is partnering with the University of Texas at Arlington to further develop the technology.
The ETF is a $200 million initiative created by the Texas Legislature in 2005 at the governors request and reauthorized in 2007 and again this session with $203.5 million for the 2010-2011 biennium. A 17-member advisory committee of high-tech leaders entrepreneurs and research experts reviews potential projects and recommends funding allocations to the governor lieutenant governor and speaker of the House.
To date the ETF has allocated more than $110 million in funds to 89 early stage companies.
For more information on the ETF please visit www.emergingtechfund.com.
