Texas Tech University

Innovation Hub

Hub Fuel

TRUNO logo, TRUNO delivers retailers and grocers secure, stable and integrated technology solutions using our grocery software, hardware, and information technology systems.
LAN logo, The Lubbock Angel Network (LAN) was formed in January 2015 as a means to provide seed and support capital for innovative start-ups in West Texas and beyond.
Lubbock Chamber of Commerce logo
U.S. Economic Development Administration logo
Seraph Group logo, an organization whose sole purpose is to connect investors.
Plains Cotton Growers logo, a non-profit cotton producer organization
LEDA logo
Plains Cotton Cooperative Association logo
The Innovation Hub at Texas Tech logo

Coming in 2020

The TTTU Hub Fuel Fuel Fund is a partnership initiative of the nine organizations listed above who believe supporting opportunities to fund innovative startups is essential for the strength and prosperity of our local economy. In 2020, the Innovation Hub along with the partners will open the call to market the opportunity for investors to invest in the Fund. Companies, organizations, and individual investors interested in supporting the innovation eco-system by 1) helping us to promote the effort or 2) to invest in the Hub Fuel Fund should fill out the interest form below. Companies seeking funding please familiarize yourself with the FAQs, call for applications is rolling until further notice.

The Hub Fuel Fund invests in seed-stage companies in high-opportunity technology markets (with a focus on agriculture) that can attract follow-on capital, create high growth companies primarily in West Texas and generate strong financial returns. Hub Fuel Fund plans to invest in 25-35 Ag-Tech startups, investments ranging from $100k-$250k.

The following is a list of agriculture investment areas:

big data analytics, biotechnology, emerging contaminants and nano-materials, food, forecasting, imaging, logistics, mapping, natural resource sustainability, plant and animal breeding, packaging, recycling, satellite and atmospheric predictability, sensor and chip IoT, software, smart electronics, supply chain technologies, water and environment technology, wind engineering and mitigation

Key things considered when evaluating investment opportunities:

Experienced leadership/teams that are passionate, curious, coachable, collaborative and motivated.

Product-market fit and early revenue traction

Sustainable competitive advantages from patents, trade secrets, differentiated business models, etc.

Large addressable markets (ideally $100M+) that are experiencing rapid growth.

Capital efficient business models that require limited capital to commercialize solutions and achieve an exit and return on investment.

Deep understanding and defendable clear path to exit


The Hub Fuel Fund invests in startups with a product that has a defined customer segment entry point with scalability and a proven business model strategy through sales traction.


West Texas is an area consisting of 71 out of 254 counties in the state of Texas, 1.53M in population spanning 67,000+ square miles. In an effort to support West Texas innovators and entrepreneurs while attracting deal flow to West Texas the primary focus is to fund local startups. The investment committee will conduct due diligence on each application that includes prioritization of those startups headquartered in West Texas.

- ~50% of capital will go to local (West Texas) Ag-Tech companies

- ~50% of capital will go to non-local Ag-Tech companies sourced through Seraph Group's national angel fund's network

Kimberly Gramm
Associate Vice President of Innovation & Entrepreneurship

Investment App
  Investor Interest Form

Fund FAQs