Paratus Diagnostics Wins International Award for Innovation
Posted by Miranda Ferris
Texas State STAR Park
October 12, 2017
SAN MARCOS, Texas (October 12, 2017) – Paratus Diagnostics, LLC received the Innovation Award from the Association of University Research Parks (AURP) for developing a novel point of care diagnostic platform to detect infectious disease pathogens. The award is given annually to a company located in a science or research park who is commercializing a technology which has significant impact on its industry and has meaningful benefits for society.
Paratus Diagnostics moved into Texas State’s Science, Technology, and Advanced Research (STAR) Park in 2015, and has conducted innovative research in the STAR One technology incubator since then. They have received funding support from the Bill and Melinda Gates Foundation, National Institutes of Health and the Department of Defense. In 2016, they successfully closed their Series A equity funding round.
“At Paratus, our philosophy is to ‘think, innovate, invent’ and we have used this strategy to transform the way diagnostics tests can be performed at the point of care in doctor’s offices, small clinics, urgent care settings, or developing countries,” according to Dr. Shannon Weigum, VP of Biological Sciences.
According to Stephen Frayser, STAR Park Executive Director, “Paratus Diagnostics exemplifies what is possible through close collaboration between the private sector and universities. The firm has worked closely with faculty in the Biology Department and Materials Science, Engineering and Commercialization Program at Texas State, funding research supporting product development, hired Texas State graduates and provided internships for university students.”
If you would like to learn more about Paratus Diagnostics, please visit their website at www.paratusdiagnostics.com.
STAR Park is Texas State University’s 58 acre research park being developed as a location dedicated to collaboration with industry, governmental labs and nonprofit research institutions to increase innovation, commercialization and entrepreneurship. For more information please visit the STAR Park website at www.txstate.edu/starpark
Rededication marks completed STAR One research building expansion
Posted by Jayme Blaschke
Office of Media Relations
October 20, 2016
Texas State University will host a rededication of the STAR One technology incubator in the Science, Technology and Advanced Research (STAR) Park October 24.
The event celebrating the STAR One expansion will run 3:30-5 p.m. at 3055 Hunter Road in San Marcos. U.S. Rep. Lamar Smith will offer remarks.
The expansion, completed September 1, added 16,000 square feet of lab space and office suites, bringing STAR One’s square footage up to a total of 36,000 square feet. The new wet labs will support the needs of a broad range of users requiring chemistry, materials and life sciences lab space to advance new products and processes more quickly to the market place. A conference room, large multipurpose room, leasable offices and an open collaborative space were included in the expansion.
STAR Park has been an instrumental part of the university’s research success, allowing the university to partner with promising technology startups. These startups benefit from the expertise and skilled work of Texas State’s faculty and students, who in turn gain valuable knowledge working on commercial innovation. There are currently five clients leasing space at the facility. Nine Texas State graduates are working for these STAR Park clients, four current students are serving paid internships and an additional eight students are working on student-led startups. Over the last three fiscal years, these startups have funded more than $1.2 million worth of research, and collectively have raised in excess of $28 million in equity investments.
Active research areas include material sciences (semiconductors, nanomaterials, advanced polymers used in aerospace and automotive applications), life sciences (diagnostics, advanced DNA analysis, medical devices and new research tools), advanced manufacturing (lighting and display products, renewable energy production) and software platforms.
About STAR Park
STAR Park is a collaborative effort of Texas State University and research partners serving as a catalyst for continued public/private development of new or improved technologies. Anchored by the STAR One technology business incubator, the 58-acre STAR Park is currently home to five new and emerging technology companies, student startup teams, an advanced polymers and nanomaterials center and Texas State's Small Business Development Center.
Forbes on America's Next Metropolis
The positive momentum of job growth and economic strength in the Greater San Marcos Region is something the city and region's leadership has known and invested in for some time. Now others are taking notice - notably Forbes.
"America's Next Great Metropolis is Taking Place in Texas," claims
Forbes today in an article that takes a deep look into the boom taking place along the Austin-San Antonio Corridor, and specifically the San Marcos region.
The article says, "Over the past decade, Hays and Comal's job growth rate has been an astounding 37%, outpacing Austin's impressive 31% growth, the other Texas cities, and over six times the pace of the country overall." It later notes that the arrival of Amazon.com, Inc. to San Marcos is one of many factors drawing attraction to the corridor.
Additionally, the article lends to the development of this corridor as a future "San Jose/Silicon Valley, north Dallas, Orange County and Raleigh-Durham" and credits the emerging tech and innovation reputation of the corridor to Texas State University.
Click the link below to read the article and then please help us tell the story by sharing with your networks.