Mike Toomey Lobbyist Update: Gov. Perry Announces TETF Investments
Governor Rick Perry has just announced the awards from the TEFT (Texas Emerging Technology Fund). This announcement was made to two young and growing companies that are developing new water purification technologies. HydroLogic Industries Inc. received $340,000 for their development of a water purification system that separates water from salt. Telemedicine Up Close Inc. has received $280,000 for their development of an efficient and low cost bacteria diagnostic kit. These awards are taking Texas one step closer towards water security for the future.
“Entrepreneurs and high tech industries continue to look to Texas as the next frontier in technological innovation,” Gov. Perry said. “From potable water to disease diagnosis and treatment, these TETF awards give important, early stage funding to companies creating groundbreaking technologies to address some of our most pressing needs.”
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