 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
GOVERNMENT CODE |
|
Title 4. EXECUTIVE BRANCH |
|
Subtitle F. COMMERCE AND INDUSTRIAL DEVELOPMENT |
|
Chapter 490. FUNDING FOR EMERGING TECHNOLOGY |
|
Subchapter D. INCENTIVES FOR COMMERCIALIZATION ACTIVITIES |
Sec. 490.153. PRIORITY FOR FUNDING
-
(a) In allocating money from the fund under this subchapter, priority shall be given to proposals that:
(1) involve emerging scientific or technology fields that have a reasonable probability of enhancing this state's national and global economic competitiveness;
(2) may result in a medical or scientific breakthrough or a breakthrough in the area of clean energy;
(3) are collaborative between any combination of private or nonprofit entities and public or private agencies or institutions in this state;
(4) are matched with other available funds, including funds from the private or nonprofit entity or institution of higher education collaborating on the project; or
(5) have a demonstrable economic development benefit to this state.
(b) An amount not to exceed two percent of the amount allocated for a fiscal biennium for incentives under this subchapter may be invested directly in the regional centers of innovation and commercialization as recommended by the committee and approved by the governor, lieutenant governor, and speaker of the house of representatives to support commercialization activities.