In 2017, the TRTF formed VelocityTX, LLC, to house the Incubator, Accelerator, and training programs for entrepreneurs, investors, and mentors. VelocityTX has programs designed to encourage and nurture emerging technologies in the San Antonio area. The purposes of VelocityTX is to:
- Stimulate company research, development, and formation
- Encourage economic development in the high-tech, life science and biotech industries
- Attract high-tech, life science and biotech industries
The Texas Research & Technology Foundation (TRTF) and VelocityTX are San Antonio’s champions for driving economic development in and around emerging technologies. We fund and develop innovative ventures, building San Antonio’s bioscience and technology economy.
For over 35 years, the Texas Research Technology Foundation (TRTF) has been successfully promoting and developing emerging technologies and the life science industry in the San Antonio area. In that time, it has established strong relationships within and become an integral part of the innovation ecosystem.
In 2010, TRTF established the McDermott Pre-Seed Fund to provide early stage funding to small and startup ventures and the McDermott Legacy Fund to continue investing in emerging technology ventures. To date, the Fund has invested in 31 small, growing bioscience and technology ventures, either through direct investment, or through investment in local venture capital funds.
In 2017, TRTF purchased the five-acre Merchant Ice complex which is located near Ft. Sam Houston. The Merchant Ice complex is being developed as an innovation center and includes an accelerator/incubator
TRTF’s primary purpose and objective is to establish a strategy centered around propelling economic growth in biotechnology especially focused on local start-ups and entrepreneurial development. A robust and growing life science industry is critical to San Antonio’s future economic success and is dependent on the community’s support of a thriving entrepreneurial culture and the ecosystem we invest in.
Our flagship initiative will be the development of physical space – the VelocityTX Innovation Center. Through VelocityTX, a subsidiary of TRTF, this innovation hub will create a nexus of expertise designed to facilitate access to local resources which launch, accelerate, and incubate innovative technologies, especially those related to the life sciences and military missions. The ultimate desire is to have a world-class hub of innovative activity as a part of an innovation district for science and technology that benefits the San Antonio community, the life science ecosystem, the military, and the network of partners.
1. Be honest
2. Provide Fair Treatment
3. Demonstrating Strong Moral Principals
4. Building Trust Through Every Interaction
5. Placing Our Collective Interest Above Ourselves
6. Being Reliable and Delivering on Expectations
7. Being Unified and Cohesive
1. Having a Bias Toward Action
2. Demonstrating Skip Counting
3. Delivering Impactful Results with Speed
4. Working in Parallel
1. Accelerating New Ideas
2. Every Experience is a Learning Opportunity
3. Sustaining Momentum for New Innovations
4. Being Creative
5. Initiating Change
Founded the Texas Research & Technology Foundation (TRTF)
UT Health San Antonio established the institute of Biotechnology at the TRTF Research Park
TRTF develops Research Plaza I/II which creates facilities for growing bio companies
BioMedical Enterprises, Inc. [BME] established manufacturing facility
UT Health and Cancer Treatment and Research Center develop labs and new facilities
McDermott Pre-Seed Fund Created
Microsoft purchased land and established their Data Center
TRTF Purchases Merchant’s Ice & Storage and created its subsidiary VelocityTX, the innovation arm for entrepreneurial efforts in the life sciences, biosciences, and disruptive technologies.
VelocityTX Innovation Center Ground Breaking
VelocityTX Innovation Center Opens with anchor tenant GenCure