The Hub Plan
The Hub is a place to nurture smart ideas and entrepreneurs to create a social or commercial impact.
The mission of the Texas Tech University Innovation Hub at Research Park is to be a major center for entrepreneurialism and innovation serving the Texas Tech University System and the West Texas region.
The Innovation Hub at Research Park (The Hub) is the first of five facilities dedicated to house and provide access to resources to students, faculty, alum and entrepreneurs in the new entrepreneurship and innovation initiative at Texas Tech University. The focus of The Hub is to drive economic development in west Texas and beyond. The Hub opened late fall of 2015 and hired a full-time Managing Director in April 2016 to establish numerous programs for all TTU stakeholders to participate in the support of creative innovation, research commercialization, and start-up development.
The Hub assists in the formation of technology startup companies critically relevant to today's local and regional economy, startups create 80%+ of net new jobs, new industries and new solutions. TTU is experimenting with new approaches to economic and sustainable development that focus on growing jobs in productive, innovative, and traded sectors of the economy while concurrently equipping our service region's residents with the skills particularly in STEM (science, technology, engineering and math) to compete for and succeed in high demand jobs. This new approach works to build on our university and region's distinctive assets and advantages of disparate places rather than merely pursuing heavily subsidized consumption-oriented strategies (e.g., building the next sports stadium, convention center, or performing arts facility) that yield lower paying jobs or aspiring to unrealistic economic goals "becoming the next Silicon Valley."
Most of the nation's best research and development is now taking place at universities. Innovation Districts are where academic institutions, government entities, private organizations and entrepreneurs co-locate to create a cluster of innovation and entrepreneurial activity. The Innovation District is where the future of a knowledge-based economy thrives. In thinking about creating great places to live, work, and play Innovation Districts are catalysts. TTU, along with its partners and sister institutions, is leading the way in creating a culture of innovation that will result in attracting the best researchers and the best students. The Hub is the place for creative collision, innovation, collaboration, creative thinkers, and those who want to make West Texas and the world a better place.