Admittance Technologies has received $1.99 million investment from the Texas Emerging Technology Fund.
The San Antonio-based company created the CardioVol technology platform to measure blood volume measurement using pacemaker to detect disease and treat patients with the devices.
“We are thankful for the investment from the ETF and the expertise that Startech provided during the process,” Dr. Marc Feldman, Founder and CEO of Admittance Technologies, said in a news release.
Dr. Feldman is a Professor of Medicine & Engineering at UT Health Science Center at San Antonio as well as the co-winner of the 2010 Chancellor’s Entrepreneurship Award for the University of Texas system.
Funding from the Texas Emerging Technology Fund allows researchers at the University of Texas Health Science Center at San Antonio to take “their ideas from concept to commercialization,” said David Weiss, vice president for research at the university.
Tag: StarTech
The Startech Foundation, based in San Antonio, serves as the South Texas Regional Center of Innovation and Commercialization, and in that role it is accepting applications from South Texas startups seeking financing from the Texas Emerging Technology Fund.
That state fund provides early stage seed funding for technology startups, university faculty and others that have an emerging technology ready for commercialization.
“The state of Texas has about $50 million from the Texas Emerging Technology Fund to invest into Texas innovation startups in the next 15 months,” Jim Poage, president and CEO of Startech, said in a statement. “With almost $43 million already invested into South Texas, several companies and universities have already taken advantage of the available funding from the ETF, more should do the same.”
To apply, please contact Erica Amaya at Startech at 210.458.2713 or ea@startech1.org for more details. The application deadline is midnight on July 24.
San Antonio-based Startech Foundation is now accepting applications to the Texas Emerging Technology Fund from south central Texas based technology startups.
The program is aimed at providing seed stage funding for technology startups, university faculty and others focused on emerging technology.
“Funds may be used for any legitimate business purpose but the primary focus of the fund is to facilitate those technologies that are ready to come off the lab bench and get into the marketplace,” Jim Poage, president of Startech, said in a news statement.
Companies interested in applying should contact Erica Amaya or at 210-458-2713 for details. Startech will be accepting applications until 11:59 p.m. on April 17.
