Texas Tech Breaks Ground on Research and Technology
This project will provide academic and business opportunities with the private sector.
Texas Tech University officials on Monday broke ground on the new Research and Technology Park, which will further help the move toward innovation and entrepreneurship.
Forged from the idea of more economically engaged universities by the Association of Public and Land-grant Universities (APLU), Phase I includes the construction of a $29 million, 41,000 square-foot, two-story building located at the corner of Fourth Street and Quaker Avenue, directly west of the Texas Tech Health Sciences Center. It will include a common space for research programs that promote entrepreneurialism and innovation, space for public-private partnerships and an incubator/accelerator for new startup businesses.
“A 21st century university must be more entrepreneurial,” Texas Tech President M. Duane Nellis said. “We have to have opportunities for faculty and students to work with other scholars and industry in ways that accelerate new businesses and support startup companies. I think the first phase of our research park contributes to that significantly.”