Investment Firm will Spend up to $25 Million on Technologies, New Building at ERP Campus
Story content courtesy of the University of Houston, US
The University of Houston has signed a deal with a group of investors to commercialize technologies created by its faculty, boosting the UH Energy Research Park as a focal point for entrepreneurial activity in the Houston region.
The deal will be worth as much as $25 million, including $15 million for a new building at the research park, which will house laboratories and startup businesses.
The agreement calls for TCRC to invest a minimum of $3 million and as much as $10 million in technologies developed by UH faculty; the company may also invest in outside technologies. The University and individual faculty members still would be able to form agreements with other companies.
Subscribe to our mailing list, and we'll keep you posted of the latest developments.
RSS feed of TechConnect News™