Texas Emerging Technology Fund

Leonardo Biosystems said this week that it has received the second half of a $2.5 million grant from the Texas Emerging Technology Fund to help develop its multi-stage drug-delivery technology.
The first half of the grant was received in April 2010.

Leonardo, which had been expecting the funding, intends to use the money to ramp up its operations with the goal of securing industry partnerships around its so-called multi-stage delivery approach.

The program will recruit women with technology-development or business experience and provide them with entrepreneurial training and support over the course of a year, and will cull available technologies from universities throughout Texas under a grant from the Texas Emerging Technology Fund.

Former Introgen Therapeutics CEO David Nance founded the non-profit to promote tech commercialization and economic development by linking in-state academic researchers, angel and VC investors, entrepreneurs, and incubators.

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