Texas Tech University

Innovation Hub

Innovation Award

Coming Fall 2021

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 February 15th, 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 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 PIA grant are ineligible to submit unless application is for a different startup company.

Startup/Applicant Process:

        1. Complete the Hub Lease Application and business plan.
        2. 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.
        3. Committee assesses applicant space requirements and business plan and nominates recommendations to TTU & TTUHSC Presidents.

View the pdf of the rubric here.

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
$25,000 awarded

BaoNano: A company that will significantly downscale the power circuit profile and enhance
the lifetime and functionality of electronic devices.
CEO Founder – Zhaoyang Fan
$15,000 awarded

iNoon: A company with a novel diagnostics method of detecting eye diseases using a smartphone.
CEO Founder – Jo Woon Chong
$10,000 awarded

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
$25,000 awarded

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, or exercise.
CEO Founder – Jennifer Phy
Awarded $5,000 plus an additional $5,000 to develop app


Kimberly Gramm
Associate Vice President of Innovation & Entrepreneurship