| Company type | Government |
|---|---|
| Industry | Private Equity |
| Founded | 2005 |
| Headquarters | Austin, Texas, United States |
| Products | Venture Capital |
| Total assets | $500 Million |
Number of employees | ~ 8 |
| Website | www.emergingtechfund.com |
The Texas Emerging Technology Fund (often abbreviated as TETF or ETF) is a technology investment fund created by legislation in 2005 at the urging of Governor Rick Perry to provide Texas with an unparalleled advantage in the research, development, and commercialization of emerging technologies. The enabling legislation (Texas HB 1765 of the 79th Legislature) launched the ETF with $200 million to help create jobs and develop the economy of Texas.[1] Legislative revisions during the 2007 and 2009 sessions have expanded the total funds under management to approximately $500 million.
As of October 2010, the program has given a total of $173 million to 120 companies as well as $161 million to educational institutions.[2]
Governor Greg Abbott signed a law ending the Texas Emerging Technology Fund on June 4, 2015.[3]
- ^ "Texas Emerging Technology Fund". Archived from the original on June 23, 2011. Retrieved 2023-04-26.
- ^ Cite error: The named reference
dmnwas invoked but never defined (see the help page). - ^ Texas Gov. Abbott Abolishes Rick Perry's Emerging Tech Fund http://www.govtech.com/state/Texas-Gov-Abbott-Abolishes-Rick-Perrys-Emerging-Tech-Fund.html