TTU Innovation Hub graduated six companies from its accelerator and helped its wider affiliate community secure a total of $3.5m in grant funding.

Texas Tech University’s (TTU’s) Innovation Hub at Research Park incubator spawned twelve new startups during 2018 and received $1.3m in grant funding to sustain its operations. Six businesses graduated from the hub’s accelerator program, between them generating $1.2m in startup capital. Companies affiliated with the wider incubator together secured $3.5m from federal and internal grants. Founded in 2015, Innovation Hub offers 12 programs each year geared towards the West Texas entrepreneurial ecosystem, banded into three priorities for company building – ideation, commercialisation and acceleration. The agenda includes seminars that coach innovators in areas such as pitching, customer discovery and business planning, as well as the iLaunch competition for students and entrepreneurs, which offers a grand prize of $10,000. Innovation Hub’s incubator currently hosts 19 resident businesses, including enterprise technology consultancy NextGen Code, reproductive health device producer Reproductive Solutions and oncological therapy developer CerRx. The initiative drew 4 million media impressions during the year and has now launched a redesigned website to fuel further interest in its activities.

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?