A partnership between Texas State University-San Marcos and the City of San Marcos has landed a $1.85 million award from the U.S. Economic Development Administration (EDA) in support of the new Science, Technology and Advanced Research (STAR) building.
The grant funds the construction of a state-of-the-art research and commercialization center at Texas State through the Office of Commercialization and Industrial Relations (OCIR).
This project will attract corporate research on alternative energy projects and establish San Marcos as a place for university graduates to find high tech careers.
The new facility will serve as a technology accelerator for start-up and early-stage businesses, and will provide university and STAR tenants access to secure wet labs, clean rooms and office space. Green and bio-technology companies will be a major focus, and backers hope that San Marcos' convenient location between Austin and San Antonio will work to attract corporate research interest from those cities' technology communities.
This building will house 'spin-offs' from research conducted and intellectual property generated by university faculty, and 'spin-ins' from companies outside the state that want to come in and strategically work with the university. Our mission is education with relevance, and this is expanding our university's research profile, and adding depth and breadth to our educational and research programs.
It will have clean room facilities for materials development and wet labs for small business start-ups in this region. The merging of semiconductor nanotechnology with biotechnology as a major opportunity for economic development in the state. Our location along the I-35 corridor is ideal for linking the large biotech/medical activities in San Antonio and the semiconductor community of Austin.
Interdisciplinary partnership will be a major selling point of the STAR facilities, incorporating expertise from the McCoy College of Business Administration and the Materials Science, Engineering and Commercialization program at Texas State.
The EDA awarded the grant through the Global Climate Change Mitigation Incentive Fund, which is intended to foster the green economy by promoting economic competitiveness while enhancing environmental quality.