Small Business Administration Official to Tour Texas Tech Research Park

A tour will immediately follow the news conference with Texas Tech officials and city councilman.

Innovation Hub

Innovation Hub and Research Park

WHAT: Texas Tech University will host the regional administrator for the U.S. Small Business Administration (SBA) Region VI to highlight what the university offers the small business community in Lubbock and how it can drive technology-based small business in the area.

Yolanda Olivarez, regional administrator for the SBA, will tour the Texas Tech Innovation Hub and Research Park to learn more about the Kinetic Accelerator, Innovated by Texas Tech and the Texas Tech University System Small Business Innovation Research/Small Business Technology Transfer (SBIR/STTR) Resource Center.

WHO: The tour will follow a news conference with Olivarez; Texas Tech Vice President for Research Robert V. Duncan; Texas Tech President M. Duane Nellis; Carrie Romo, senior proposal development administrator for the research development team in the Office of the Vice President for Research; Susan Malone Back, a research scientist and director of the SBIR/STTR Resource Center; Lubbock City Councilman Jeff Griffith; and recent Texas Tech alumnus Weston Waldo. Waldo will discuss how the cooperation between Texas Tech, the city of Lubbock and the SBA helped him form a small business and obtain a grant funded by the National Science Foundation.

WHEN: News conference, 8:30 a.m. Thursday (Aug. 13); tour immediately afterward. Media may arrive at 8:20 a.m. to set up.

WHERE: Conference room 103, Research Park, 3911 Fourth St.

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CONTACT: Stacy Sustaita, West Texas District Office, U.S. Small Business Administration, (806) 472-7462 ext. 123 or stacy.sustaita@sba.gov.

Fact Sheet

Kinetic Accelerator, Innovated by Texas Tech

Kinetic Accelerator, Innovated by Texas Tech aims to accelerate entrepreneurial ideas into the world. Its goal is to launch startups and discover licensing opportunities based on innovative and world-changing technologies developed in research labs at Texas Tech as well as those at NASA and Crane Naval Labs.

By combining cutting edge innovation with entrepreneurs, mentors and an intensive Lean Startup curriculum, Kinetic launches technology from the lab to the market.

Over the course of four months, participating teams of students and entrepreneurs work alongside inventors and mentors to commercialize a selected technology in hopes a startup or licensing opportunity can be borne. Each spring, Demo Day marks the program’s conclusion and teams are given an opportunity to pitch ideas to an audience of angel investors, venture capitalists and business leaders.

Kinetic is open to anybody who wishes to apply. Those who have caught the entrepreneurial bug and have a driving spirit to pave their own way are encouraged to visit the website to apply. Questions about the program may be submitted via email.

Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) Program

The SBIR/STTR program provides funds for early-stage research and development at small U.S. businesses.

Successful projects should provide evidence of a commercially viable product, process, device or system and/or meet an important social or economic need. Projects should have a high potential for commercial payback and a high degree of technical risk.

The program is designed to stimulate technological innovation by small U.S. businesses, strengthen the role of small businesses in meeting federal research and development needs, increase private-sector commercialization of innovations derived from federal research and development funding and foster and encourage participation in innovation and entrepreneurship by socially and economically disadvantaged persons.

Find more information at the website.

Office of the Vice President for Research
169 Administration Building
http://www.depts.ttu.edu/vpr/
(806) 742-3904