Applications Open until December 31st, 2020.
Texas Tech University has partnered with Market Lubbock, Inc. to establish the Presidents' Innovation Award. The objectives of the grant from Market Lubbock include: 1) programs for students and entrepreneurs; 2) seed-stage funding for startups; and 3) seed grants for startups to support equipment and rental expense at the Innovation Hub at Research Park (Hub).
A committee of TTUS faculty, Hub staff, and TTUS facility staff determine the top applicant startups that exemplify innovation and commercialization. The committee will review applicant budgets and make a recommendation that may or may not be reflective of the budget submitted in the application. Final decisions for awards are made by the TTU President and TTUHSC President.
The awardees of this prestigious Presidential grant will be announced January 29th, 2021. Here are four awards by each President in the following categories:
1- $25,000 award
1- $15,000 award
2- $5,000 awards or 1- $10,000 award
The lease contract for these awards will begin in January and run through the calendar year.
Grant Eligibility: All TTUS students, faculty, and staff are eligible. All community members are eligible. Prior awardees of the PIA grant are ineligible to submit unless application is for a different startup company.
- Complete the Hub Lease Application and business plan.
- Applicant submits a 3-page business plan and budget requirements to the following link. Please clearly specify which budget category you are applying for in the header of your application.
- Committee assesses applicant space requirements and business plan and nominates recommendations to TTU & TTUHSC Presidents.
Fall 2019 Awardees
Texas Tech University President's Awards
NemaLife: A company that developed a platform technology for high throughput drug discovery
and toxicology in small animals.
CEO Founder – Siva Vanapalli
BaoNano: A company that will significantly downscale the power circuit profile and enhance
the lifetime and functionality of electronic devices.
CEO Founder – Zhaoyang Fan
iNoon: A company with a novel diagnostics method of detecting eye diseases using a smartphone.
CEO Founder – Jo Woon Chong
TTUHSC President's Awards
VxMed: The company transforms medical school textbooks and lecture content into a virtual
reality training experience for first- and second-year medical students.
CEO Founders – Anthony Betteridge and Nathan Lloyd
Performance Fasteners: A company that manufactures automotive-styling accessories along with a new line
of custom-off parts and accessories for the discriminating automotive enthusiast.
CEO Founder – Toby Brooks
PCOS Diet: A company that developed a novel dietary approach to managing polycystic ovarian
syndrome (PCOS) that has resulted in successful weight loss and improved metabolic
parameters with no caloric restriction, carb counting, fat counting, portion limitation
CEO Founder – Jennifer Phy
Awarded $5,000 plus an additional $5,000 to develop app