Texas Tech University

Innovation Hub

Innovative Startup Award


Applications open Spring 2023!

Texas Tech University has partnered with Market Lubbock, Inc. to establish the Presidents' Startup 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 in September 2022. 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 February and run through the calendar year.

Grant Eligibility: All TTUS students, faculty, and staff are eligible. All community members are eligible. All applicants must have formed a company to be considered for the award. If you need help on how to start a company, contact TTU SBDC or follow the steps here: How do I start a company?

Prior awardees of the PISA grant are ineligible to submit unless the application is for a different startup company.

Startup/Applicant Process:

Our application process is straightforward but thorough, as we want to ensure that we obtain all the information we need to assist you in the best way possible.  

Step One:   Fill out the Inquiry Form to create a profile in IncuTrack.  If you have done this for a previous program and have a IncuTrack login already, you can skip this step. If you have not done this yet, this is required before you can fully complete the application process. 


Step Two:  Complete the Hub Lease Application

Hub Lease Application

Step Three:  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.

Business Plan Rubric


Apply Here

Step Four:  Sit back and Relax. The committee will assess the applicant's space requirements and business plan. From there the committee will nominate recommendations to TTU & TTUHSC Presidents.


2021 Awardees

Taysha Williams
Managing Director of the Texas Tech Innovation Hub