Regents expected to establish commercialization fund

University of Texas System regents today are expected to establish a $10 million fund to help commercialize new technologies, inventions and other intellectual property developed at system campuses.

The proposal to create the UT Horizon Fund is in part a response to Gov. Rick Perry’s suggestions that universities can do more to spawn new technologies and jobs. He has said that UT-Austin could help the city become the next Silicon Valley.

All nine members of the UT Board of Regents are Perry appointees. Meeting in Austin, the regents heard Thursday from Richard Miller, chief commercialization officer at UT-Austin, about some of the flagship school’s successful efforts.

By Ralph K.M. Haurwitz

Full Story: http://www.statesman.com/news/local/ut-regents-expected-to-establish-commercialization-fund-1786257.html