Tech receives federal grant to facilitate technology transfer
Texas Tech has announced the receipt of a $300,000 Federal Grant.
The Economic Development Administration, an agency within the U.S. Department of Commerce, awarded the grant to Texas Tech University to help build on the South Plains region’s capability in wind and other renewable energy sources that increase innovation and entrepreneurship through technology commercialization.
The grant will help fund analysis and applications of commercialization of the university’s wind power research and development projects.
The Commerce Department actively supports university’s efforts across the United States to help spur local economies with technology transfer projects.
The Economic Development Administration, created in 1965, has a regional office in Austin, and currently has an annual program budget of approximately $2 million dollars.