VelocityTX backs military medical SAMMI Innovation Fund in San Antonio
VelocityTX announced new military medical partnership agreements to support local military medical research. The San Antonio nonprofit, a subsidiary of the Texas Research & Technology Foundation (TRTF), helps early-stage bioscience companies launch innovative breakthroughs.
VelocityTX agreed to fund the continuation of the San Antonio Military Medical Innovation (SAMMI) program and its director position under the VelocityTX umbrella. On August 30, 2022, the San Antonio Economic Development Corporation (SAEDC) board approved a professional services agreement with VelocityTX. SAEDC is a nonprofit corporation created in 2010 by the City to promote economic development.
San Antonio Military Medical Innovation (SAMMI) Fund
The SAMMI Fund was created in December 2019 to provide financial...