Gov. Perry announces $2 million Tech Fund Award

Governor Rick Perry (photo)

Austin – Gov. Rick Perry announced a $2 million award to SecureOrigins Inc. of El Paso to help bring its emerging technology to market. The grant is awarded through the Texas Emerging Technology Fund (TETF), a $200 million initiative created by the Texas Legislature in 2005 at the governor’s request and re-authorized this year.

“Technological innovation is the lifeblood of today’s economy. Through these grants, we are investing in potentially life-saving technologies and elevating our state’s emerging technology sector to make Texas a strong competitor in the global marketplace,” Perry said. “Continued investment in emerging technology creates more jobs and generates substantial capital investments, diversifying and enriching our economy.”

SecureOrigins Inc. of El Paso is receiving $2 million for further development of its Intelligent Software Agents (ISA). ISA are software modules that automate specific tasks, provide round-the-clock decision support and collaborate with each other without human intervention to determine best response action.

A 17-member advisory committee of high-tech leaders, entrepreneurs and research experts reviews potential TETF projects and recommends funding for projects to the Governor, Lieutenant Governor and Speaker of the House.