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Texas State University is opening a $6.95 million science,
technology and advanced research incubator known as STAR One.
The 20,000-square-foot building is the first phase of the 38-acre site
in San Marcos being developed by the Office of Commercialization and Industry Relations.
The incubator program is designed to foster and develop new commercial ventures
related to Texas State technologies
and applied research in all disciplines.
Texas State is one of eight emerging research universities in Texas.
Its location on Interstate 35 between Austin and San Antonio makes the university
an attractive partner for researchers and entrepreneurs.
Our vision for STAR Park
and the first building, which we are in, STAR One,
is that it will be a place where
the research with relevance - is what we call it -
or the applied research
has an outlet to take it to the market.
We may have a faculty member that generates some intellectual property
and wants to start a company.
We will work with that faculty member to start that company,
maybe move them into this incubator here in STAR One,
help nurture that technology, and get it to a point where it is ready
to spin out into a company.
We also have companies that come to us because of our expertise, because of our
equipment, wanting to work with us.
We form collaborations with them, work with them in developing their proof of principal
on their technology, developing their first widget.
So we see it as like a symbiotic relationship
with the university, here with assets
both human and physical in terms of the building, the equipment.
And companies will be attracted to work with us because it
will help them start and get their product to market.
STAR Park is scheduled to open its doors in summer 2012
bringing exciting, new opportunities for innovators in Texas.