$200,000 Awarded to Startups for 2020 Texas Tech Accelerator Program
By: GLENYS YOUNG
Eight teams were selected through an innovative virtual competition.
The Texas Tech University Innovation Hub at Research Park announced the list of eight startup companies, judged by investors and accepted into the 2020 Texas Tech Accelerator program after a virtual competition hosted on Wednesday (April 1). Four community members, three student teams, and one faculty team received a much-needed total of $200,000 to launch their business in West Texas.
"This was an excellent Texas Tech Accelerator Virtual Competition experiment," said Kimberly Gramm, associate vice president of innovation & entrepreneurship. "I am so proud of all the startup finalists, the judges and the Innovation Hub team implementing our first virtual competition. It went off without a hitch – the technology worked brilliantly, and all the finalists competed at an impressive, high level. With the help of our partner, the Lubbock Economic Development Alliance, $200,000 is being awarded in support of creating new West Texas startups."