Tag: VelocityTX

VelocityTX backs military medical SAMMI Innovation Fund in San Antonio
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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...
VelocityTX to Build Lab Spaces for Biomedical Startups
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VelocityTX to Build Lab Spaces for Biomedical Startups

Biomedical professionals aspiring to develop a new medical device or biotech innovation will soon have access to a resource critical for early-stage bioscience product development. A new research and development-focused laboratory space named Co-Labs broke ground Friday morning in San Antonio’s Eastside.The Texas Research & Technology Foundation (TRTF) and its nonprofit subsidiary VelocityTX have been working with community leaders to plan, develop, and supply Co-Labs with the right resources to support aspiring biomedical entrepreneurs and researchers.The U.S. Department of Commerce Economic Development Administration awarded $4 million in federal funding to TRTF for constructing and operating six fully-equipped bioscience laboratories. The 5,000-square-foot state-of-the-art l...
VelocityTX Admits 4 Companies into its 2022 BioGlobal Accelerator
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VelocityTX Admits 4 Companies into its 2022 BioGlobal Accelerator

The innovation hub on San Antonio’s Eastside has announced four bioscience companies for its 2022 accelerator program.VelocityTX supports the development of early-stage life science and technology companies in San Antonio. Launched in 2020, Velocity’s BioGlobal Accelerator is designed to help local, national, and international companies with innovative, scalable business ideas accelerate the launch of their business.The accelerator is the first and only program in San Antonio specializing in early-stage companies focusing on medical devices, biotech, and healthcare IT.Read: VelocityTX Launches Bioscience Accelerator Program, Co-Working SpaceThe six-week, in-person program helps founders grow and scale bioscience ventures through educational sessions, mentorship, and financi...
Healthtech Startup Thummi Wins $25,000 at VelocityTX Demo Day
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Healthtech Startup Thummi Wins $25,000 at VelocityTX Demo Day

Thummi, a healthtech startup originally from Brazil, won the $25,000 prize at the VelocityTX Demo Day pitch competition Thursday.Since summer, six early-stage bioscience companies from Texas, Brazil, and Chile have participated in VelocityTX's 16-week BioGlobal Accelerator program. VelocityTX is an innovation center that runs an accelerator program designed to help startups in the medical devices, biotech, and healthcare technology spaces.The founders pitched to five judges and a Tobin Center audience Thursday evening. Mentors, judges, and audience members voted for the six teams using an app. VelocityTX provided the $25,000 in equity-free funding.Thummi's founder and CEO Dr. Alessandra Morelle became an oncologist after her tuberculosis diagnosis at the age of 13. She experien...
7 Startups Join VelocityTX Inaugural Bioscience Accelerator Cohort
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7 Startups Join VelocityTX Inaugural Bioscience Accelerator Cohort

VelocityTX announced the bioscience startups that will participate in its inaugural BioGlobal Accelerator. A selection panel chose seven international and local early-stage bioscience companies from over 140 applicants to participate in the 16-week accelerator program.VelocityTX, a subsidiary of the Texas Research & Technology Foundation (TRTF), strives to support the development of early-stage life science and technology companies in San Antonio. The new BioGlobal Accelerator is designed to help local, national, and international companies with innovative, scalable business ideas accelerate the launch of their business, VelocityTX vice president for global development David Fonseca said.The program will run from July to October 2021. A panel of local industry experts from bios...
VelocityTX Launches Bioscience Accelerator Program, Co-Working Space
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VelocityTX Launches Bioscience Accelerator Program, Co-Working Space

The innovation hub taking root on San Antonio's Eastside has launched an accelerator program for bioscience startups. VelocityTX is accepting applications for its new BioGlobal Accelerator, a 16-week accelerator program for early-stage bioscience companies.VelocityTX's mission is to support the development of more early-stage life science and technology companies in San Antonio. Its BioGlobal Accelerator is designed to help local, national, and international companies with innovative, scalable business ideas accelerate the launch of their business.The program will run from February to June 2021. A panel of 42 local industry experts from bioscience and healthcare sectors will facilitate the 21 planned modules over four months. The curriculum plan includes modules spanning concept an...
The Sonar Company Founder and CEO Nick Hayward Dead at 37
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The Sonar Company Founder and CEO Nick Hayward Dead at 37

Nick Hayward, CEO and co-founder of The Sonar Company, died in a parasailing accident in Key West on July 17. He was 37.Hayward was born in Canada but spent most of his life in Costa Rica, where he met Allan Matarrita-Chinchilla at a startup incubator in Costa Rica called Parquetec. The two founded Sports Sonar, moving to San Antonio in October 2018 after the innovation accelerator VelocityTX reached out to the sports-tech startup via its Global Accelerator Program. Sports Sonar's technology enables clients to send videos and other content to mobile phones easily and quickly without internet access by using an ultrasonic sound people can't hear. Since the COVID-19 global pandemic shut down spectator-filled crowds for sporting events, Hayward and Matarrita-Chinchilla have been ...
The Sonar Company Pivots Sound Wave Technology From Sports to Education, Nonprofits
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The Sonar Company Pivots Sound Wave Technology From Sports to Education, Nonprofits

Most startup founders learn to embrace pivoting as they search for product-market fit. Since the onset of the COVID-19 global pandemic, the founders of  The Sonar Company have expanded their product line with new applications for the sports, education, and nonprofit sectors.CEO Nick Hayward and CIO Allan Matarrita first founded Sports Sonar in 2018 while in Costa Rica. The duo moved to San Antonio in September 2018 when VelocityTX reached out to the sports-tech startup through its Global Accelerator Program.Sports Sonar’s technology enables event sponsors to send videos and other content to mobile phones using an ultrasonic sound people can’t hear. Fans can play games on the platform that does not require using internet access. The startup can customize an app for sports clients to...
BioBridge Global To Scale Biomanufacturing at Merchants Ice Complex
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BioBridge Global To Scale Biomanufacturing at Merchants Ice Complex

The Texas Research and Technology Foundation (TRTF) revealed Tuesday that BioBridge Global (BBG) is the anchor tenant in its planned innovation hub. The first phase of the TRTF redevelopment includes $14.2 million for the BioBridge Global biomanufacturing facility and the new VelocityTX incubator and community building to be constructed as part of TRTF’s Merchants Ice complex redevelopment project on San Antonio’s Eastside.Read more: VelocityTX Innovation Hub Receives City of San Antonio Incentives for DevelopmentThe facilities for GenCure, a subsidiary of BioBridge Global, will include an initial 6,000 square feet of clean-room production space, expandable to 14,000 square feet, and an initial 2,500-square-foot development lab, along with office and meeting space. The new biomanuf...
VelocityTX Innovation Hub Receives City of San Antonio Incentives for Development
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VelocityTX Innovation Hub Receives City of San Antonio Incentives for Development

The San Antonio City Council approved a package of economic development incentives Thursday for the ambitious Texas Research and Technology Foundation (TRTF) project on San Antonio's Eastside.Robert McDermott founded TRTF in 1982 as an economic development nonprofit with an endowment fund for investing in early-stage companies. The $5.7 million incentive package is earmarked for the renovation of the empty complex of Merchants Ice and Cold Storage Company buildings on the 1300 block of East Houston Street, as well as for the construction of TRTF's new Velocity Center within the complex.The Velocity Center will house the new VelocityTX biomedical sciences innovation center.  The approved package included a $750,000 Chapter 380 agreement or economic development grant with the rest st...