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2nd Annual TECHCELERATOR Program Now Accepting Applications
by Ryan Reber

The Texas Tech Office of Technology Commercialization has opened applications its second annual TECHCELERATOR program.

The TECHCELERATOR is a university-based new venture accelerator designed to launch new companies created around Texas Tech intellectual property (IP). The program, founded in January 2014, combines university IP, entrepreneurs, students, mentors, collaborative office space, as well as intensive curriculum based on Lean Startup Methodology to launch new companies and move inventions from the lab to the market.

The TECHCELERATOR program, which begins Jan. 14, concludes with Demo Day on May 13. At Demo Day, companies present their businesses to an audience of venture capitalists, angel investors and business leaders. The top two TECHCELERATOR companies at Demo Day will compete for a prize to visit an entrepreneurial ecosystem such as Silicon Valley. 

Over the four-month program, new ventures work through a detailed curriculum that involves opportunity identification, product development, business planning, pitching, and more. Ventures spend the majority of the time engaging prospective customers, and understanding the needs of the market prior to launch and market entry. The TECHCELERATOR provides teams of entrepreneurs and students, who are accepted into the program, capital, access to collaborative work space, and coaching from the top industry mentors.

Applications are now being accepted from students and professional entrepreneurs from all backgrounds at www.innovatetexastech.com.  Students will receive a paid stipend for their acceptance into the program and entrepreneurs will be provided access to cutting edge technology and a verified method for helping entrepreneurs raise Angel and Venture Capital dollars.

The intellectual property available for the program consists of the technologies that are being developed and discovered by Texas Tech researchers every day. A wide variety of IP is available, including 3D printing technologies, new pharmaceutical drugs and medical treatments, microfluidic devices, vaccines, energy technologies, and new software solutions.

For more information, contact Ryan Reber, TECHCELERATOR Program Manager.