SAN ANTONIO, Jun 12, 2012 (BUSINESS WIRE) — Startech Foundation ( www.startech1.org ) announced today as host of the South Texas Regional Center of Innovation and Commercialization (STRCIC) that it is now accepting applications from innovation startups located in South Texas for funding by the Texas Emerging Technology Fund (ETF). Created by the State of Texas, the nationally recognized Texas Emerging Technology Fund exists to provide early stage seed funding for technology startups, university faculty, and others that have an emerging technology that may be ready for commercialization.

“The State of Texas has about $50M from the Texas Emerging Technology Fund to invest into Texas innovation startups in the next 15 months. Companies should apply in a timely manner to receive the vital funding that is necessary to enter a market,” said Jim Poage, President and CEO of Startech. “With almost $43M already invested into South Texas, several companies and universities have already taken advantage of the available funding from the ETF, more should do the same,” Poage further stated.

In addition to the Texas Emerging Technology Fund, Startech works with clients coaching them on how to access a wide variety of funding sources including Angel Investors, Federal Small Business Innovation Research & Small Business Technology Transfer (SBIR/STTR) programs, venture capital and many more.

Those companies interested in applying should contact Ms. Erica Amaya at Startech (210.458.2713; ea@startech1.org) for more details. Startech will be accepting applications through 11:59PM CDT, Tuesday, July 24, 2012.

About Startech

Startech Foundation is a private non-profit 501 (c)(3) Texas corporation that exists to Inspire technology innovation and commercialization, Create technology companies, and Grow them into viable businesses in the South Texas regional economy. Startech offers Venture Innovation, Investment and Collaborative services for Entrepreneurs, Investors, Researchers, Service Providers and Partners interested in innovation and commercialization. Startech works closely with several funding sources including the South Texas Angel Network, the Texas Emerging Technology Fund, Venture Capital, SBIR and STTR grants, Microsoft BizSpark, and many others. From 2003 – 2011, Startech portfolio clients have raised more than $261 million in external financing. For more information, visit www.startech1.org .

SOURCE: Startech