Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Houston Technology Center Announces $600,000 Award to Lynntech, Inc. by the Texas Emerging Technology Fund

Abstract:
Houston Technology Center (HTC) and Gulf Coast Regional Center of Innovation and Commercialization (Gulf Coast RCIC) for the Texas Emerging Technology Fund (ETF) announced today that Lynntech Inc. has been awarded a Commercialization Grant by the ETF.

Houston Technology Center Announces $600,000 Award to Lynntech, Inc. by the Texas Emerging Technology Fund

Houston, TX | Posted on May 9th, 2007

The award for the Gulf Coast region company was officially announced by Governor Rick Perry. The company will be supported by the Houston Technology Center Client program.

Lynntech, Inc., a research and development company, was awarded $600,000 to help develop its high power, hydrogen/air fuel cell technology.

"Lynntech appreciates the support of Governor Perry and the ETF. With this award, Lynntech will be able to attract new scientific and engineering talent to Texas as we improve our technology in weight, volume and power density and demonstrate the performance in a heavy vehicle," said John Clanton, CEO of Lynntech, Inc. For more information visit http://www.lynntech.com.

Lynntech, Inc. is a technology company developing scientific and engineering concepts and marketing the resulting innovations. Building on a core area of expertise in electrochemistry, the company has developed innovative products in the markets of alternative energy, water treatment and life sciences. In addition to its products and licensing opportunities, Lynntech offers specialty services in engineering design, machine shop services and unique membrane and electrode assemblies for fuel cell researchers.

With this grant, Lynntech, Inc. joins eight other Gulf Coast region award recipients, all supported by Houston Technology Center Acceleration program:

CorInnova Incorporated - an early stage medical device company, developing and commercializing heart assist technologies that lead to heart recovery rather than replacement, was awarded $500,000.

Endothelix, Inc. - a company dedicated to bringing low-cost and operator-independent endothelial function measurement from research laboratories to the mainstream practice, was awarded $1 million.

itRobotics, Inc., a pioneering technology company operating to provide state of the art non-destructive inspection service for small diameter energy pipes using the latest robotic technology, was awarded $750,000.

NanoComposites, Inc. (NCI), commercializing its proprietary process for the functionalization of carbon nanotubes, was awarded $1.5 million.

Nanospectra Biosciences, Inc., focusing on clinical development of its AuroLase™ Cancer Therapy which is broadly applicable to virtually all solid tumors, was awarded $1,250,000.

Carbon Nanotube Acceleration Project (CNAP), an operating division of Carbon Nanotechnologies, Inc. (CNI), developing a new fuel cell technology that is expected to power the next generation of portable and wireless electronic devices, was awarded $975,000.

PLx Pharma, a pharmaceutical company, developing new formulations for safer and more effective non-steroidal anti-inflammatory drugs (NSAIDs) currently on the market, such as Aspirin and Ibuprofen, was awarded $2,000,000.

Molecular LogiX Inc., developing a "first in class" therapeutic cancer treatment that will optimize the company's Pan-HER Anti-Cancer Ligand, a genetically engineered version of the naturally occurring growth hormone that blocks the cell receptor necessary for growth of tumor cells, was awarded $794,520.

Texas Governor Rick Perry's $200 million Texas Emerging Technology Fund was created in June 2005 to assist small to mid-size technology companies launch sooner, expedite the commercialization of new life-changing inventions out of the lab and into the hands of consumers and improve research at Texas universities.

HTC serves as the Gulf Coast RCIC for the ETF, collaborating with Greater Houston Partnership (GHP), Economic Development Organizations (EDO) within its 30-county region, area universities, and community volunteers. The Gulf Coast RCIC and the other seven centers are responsible for processing all funding applications and supporting emerging technology companies in their regions.

"Houston Technology Center extends congratulations to Lynntech, Inc. and is looking forward to assisting the company as it moves forward in the commercialization of its technology. HTC is privileged to be a part of this state-wide effort to elevate our emerging technology sector and universities and make Texas a strong competitor in the global marketplace. ETF results thus far have had great benefits to the State, the region and our community," stated Walter Ulrich, President and CEO of Houston Technology Center.

Deadline to submit applications for the 8th round of funding by the ETF was May 8, 2007. For detailed information about the Emerging Technology Fund, visit the Gulf Coast RCIC web site at http://www.gulfcoastrcic.org .

####

About Houston Technology Center (HTC)
Houston Technology Center (HTC) is Greater Houston’s business accelerator and the largest technology business incubator in Texas. A 501(C)(3) corporation and the center of entrepreneurship in Houston, HTC accelerates the commercialization of emerging technology companies within several key sectors: Energy, Technology, Life Sciences, Nanotechnology and NASA-originated technologies.

For more information, please click here

Contacts:
Houston Technology Center
Bob Prochnow, 713-658-1750
Director, Gulf Coast RCIC


Deborah Mansfield, 832-476-9285
Associate Director, Gulf Coast RCIC

Copyright © Business Wire 2007

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

Research reveals how our bodies keep unwelcome visitors out of cell nuclei November 24th, 2014

ASU, IBM move ultrafast, low-cost DNA sequencing technology a step closer to reality November 24th, 2014

An Inside Job: UC-Designed Nanoparticles Infiltrate, Kill Cancer Cells From Within November 24th, 2014

Cooling with the coldest matter in the world November 24th, 2014

Grants/Awards/Scholarships/Gifts/Contests/Honors/Records

SUNY Poly Student Awarded Fellowship with the U.S. Department of Energy's Postgraduate Research Program: Ph.D. Candidate Accepts Postmaster's Appointment To Conduct Research At Albany NanoTech Complex November 13th, 2014

MEMS Industry Group's 10th Annual Executive Conference Showcases Rapid Innovation in MEMS/Sensors: Emphasizes Spirit of Collaboration, Supporting First Open-Source Algorithm Community, New Standardization Efforts November 10th, 2014

Microrockets fueled by water neutralize chemical and biological warfare agents October 29th, 2014

New nanodevice to improve cancer treatment monitoring October 27th, 2014

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More












ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE