Texas boosts its technology fund.

The Texas legislature has pumped $203.5 million into the state's "Emerging Technology Fund," which is used to finance new companies that can have a "global impact," says Craig Casselberry, president of the Texas Coalition for Capital. The funding will underwrite eight "Regional Centers of Innovation and Commercialization." These centers use 500 "expert volunteers" to evaluate, coach, mentor and select investment opportunities. Since it was created in 2005, the fund has screened over 1,000 company proposals and invested in more than 80 early stage technology companies, says Casselberry. For more information, go to http://www.texascapital.org/.

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