VelocityTX was established in 2017 as a nonprofit organization and a subsidiary of the Texas Research & Technology Foundation (TRTF). TRTF and VelocityTX are working together on a collective vision to drive economic growth, a better quality of life, and a safer world through collaboration and innovation.
To help companies scale, VelocityTX built the first Innovation Center in the city’s near eastside to facilitate collaboration and the collision of ideas, drive innovation, and foster the entrepreneurial spirit. This 17,000 square foot state of the art facility brings together a like-minded community of people who want to change the world — innovators, thinkers, doers, connectors.
Through this world-class Innovation Center, VelocityTX:
VelocityTX innovation model – connect, support, fund— is designed to accelerate the path to commercialization for companies focused on medical devices, biotech, and healthcare IT. VelocityTX exists to help early-stage bioscience companies launch innovative breakthroughs that can significantly change or save lives at a global level.
Leveraging San Antonio’s unique strengths in research & development and commercialization, VelocityTX is positioned to support and promote entrepreneurial development as a key economic strategy. VelocityTX has become a valued community connection point, partnering with some of the nation’s largest, most-respected research institutions, academia, military, and private sector in bioscience. These relationship-driven activities can be expected to accelerate high-quality job growth, create more economic opportunities, and support the future of the next generation of industry-leading bioscience companies.
About the Parent Company, TRTF
Established in 1984, the Texas Research & Technology Foundation (TRTF) is a nonprofit comprised of its subsidiaries, VelocityTX, Alamo Angels, and Community House.
A leader in economic development, TRTF focuses on elevating the quality life for San Antonio residents by advancing the bioscience and healthcare industry through retaining and expanding existing businesses, attracting new businesses, and fostering the growth of entrepreneurs. Partnering with local institutions and the military missions is a key component to TRTF’s long-term community goal of developing a vibrant innovation district on the near eastside.
Learn more about TRTF at texasresearchfoundation.com.