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News Release — 23 September 2010
FOR IMMEDIATE RELEASE
Media contact: Herb Booth, (817) 272-7075, email@example.com
ARLINGTON - U.S. Sen. Kay Bailey Hutchison is expected to unveil a new model for economic development centered on transferring federal technology to the marketplace Thursday, Sept. 23, during the Arlington Chamber of Commerce's annual Gala and Awards Banquet.
Hutchison worked with Chamber leaders to secure funding for TechComm (Technology, Commercialization & Manufacturing), a new partnership between the Arlington Chamber and The University of Texas at Arlington. Texas Comptroller Susan Combs will join Hutchison as the Chamber celebrates its 65th year during the gala, which begins at 7 p.m. at the Arlington Convention Center, 1200 Ballpark Way. A reception and silent auction start at 5:30 p.m.
TechComm is a technology transfer arm of the Center for Innovation at Arlington, a cooperative high-tech business accelerator operated jointly by the Arlington Chamber and UT Arlington. TechComm's mission is moving ideas and technologies from concept to market across an eight-state region.
"The Arlington Chamber of Commerce's technology transfer partnership is an important and forward-looking initiative that helps create jobs and stimulate the economy, while addressing some of the nation's pressing challenges," Hutchison said. "TechComm's collaboration with the U.S. Department of Defense is a prime example of this partnership at work, and it is particularly important during this time of war. I believe it's critical to move defense technology research from the lab to the market and ultimately to the field to support our troops. I have been proud to support this effort."
Combs has contributed staff to the TechComm cause.
"I am honored and excited to serve as chair of the Texas Steering Committee for TechComm, an ambitious new project to identify high-value innovations," Combs said. "The launch of this project marks a moment of great potential for innovation and the Texas economy. We'll pair innovators in federal labs and research universities with serious investors, creating a viable pathway from research to commercialization."
Wes Jurey, president and chief executive officer of the chamber and chairman of TechComm, said the program would become a catalyst for the creation of high-paying jobs.
"From an historical perspective, research resulting in technology innovation has been the primary driver of economic growth and development," Jurey said. "TechComm represents an opportunity for the Center for Innovation to serve as a catalyst for technology led economic development in North Texas."
UT Arlington President James D. Spaniolo said TechComm provides incentives to further enhance University research.
"Strong research programs are part of what makes a great university, and this partnership certainly will provide even more opportunity to strengthen UT Arlington's research profile," Spaniolo said. "World-class faculty and their graduate students are creating and refining technologies that will fuel the economy for generations to come. TechComm will be an important link in moving those innovations to the marketplace."
Ron Elsenbaumer, UT Arlington vice president for research and co-chair of TechComm, said one strength of the tech transfer effort is that it will match needs in the market with researchers or businesses that may envision applications previously not considered.
"Developing these technologies across different platforms for different uses in the market would make this technology transfer network even more valuable," Elsenbaumer said. "Plus, UT Arlington researchers will be able to license and market their technologies through the partnership."
For more information, contact Jon Weist at the Arlington Chamber of Commerce, 817-543-4300, or Herb Booth at The University of Texas at Arlington, 817-272-7075.
For more about The Center for Innovation, visit http://thecenterforinnovation.org/.
For more about The University of Texas at Arlington, visit www.uta.edu.
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The University of Texas at Arlington is an Equal Opportunity/Affirmative Action employer.