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Technology fund managers to expand oversight to the Rio Grande Valley
January 8, 2014

File photo of York Duncan, president of the San Antonio-based Texas Research & Technology Foundation. South Texas Regional Center for Innovation & Commercialization (RCIC) is taking over management of the Tropical Texas RCIC. The South Texas RCIC is hosted at the San Antonio foundation. Photo by Lyndsey Johnson / San Antonio Business Journal.

By Mike W. Thomas, San Antonio Business Journal

The South Texas Regional Center for Innovation & Commercialization (RCIC) in San Antonio will formally broaden its scope later this year to encompass all of South Texas.

The Texas Research & Technology Foundation, which was selected last year to be the host organization for the South Texas RCIC covering most of South Central Texas, will soon take over management of the Tropical Texas RCIC based in Harlingen, which oversees the South Texas Border region, says York Duncan, president of the foundation.

"We will now oversee everything south of San Antonio all the way to the Valley," Duncan says.

The RCICs serve as a clearinghouse and review station for applicants seeking monies from the Texas Emerging Technology Fund (ETF). The state fund was established in 2005 to promote the development and commercialization of technology in Texas. It was replenished with a $50 million infusion of fresh capital by the Texas Legislature during the last session.

Duncan says they forwarded 18 deals to the state last year including three from the Tropical region.

A state review board looks at applications recommended by the RCICs and final decisions on funding are made by the governor's office with input from the lieutenant governor and Speaker of the House.


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