Monday, October 26, 2009

LaserGen, Qcue, Shape Memory Therapeutics Get TETF Awards

Three local companies have scored pre-seed commercialization funding from the Texas Emerging Technology Fund, according to Governor Rick Perry late last week. The awards--worth $250,000 each--went to LaserGen, Qcue, and Shape Memory Therapeutics. Houston-based LaserGen develops DNA sequencing chemistry; Qcue is developing dynamic pricing softare for the sports and entertainment ticketing business; and Shape Memory Therapeutics develops medical devices for shape memory polymer materials developed at Texas A&M and Lawrence Livermore National Laboratory. The three firms are now eligible for up to $1M more from the ETF.