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o <br />Designate the Chamber of Commerce’s Education and Workforce <br />Coordinator as the acting liaison between businesses and University <br />officials. <br />Communicate BRE (Business Retention and Expansion) <br />survey responses to the coordinator and recommend actions <br />for the University to consider in addressing the needs of <br />regional businesses. <br />Action 2: Support TXST’s endeavor to become aworld-class research <br />university. <br />Optimize research commercialization and technology-transfer efforts. <br />o <br />Ensure that the TXST Office of Technology Commercialization has <br />the resources and support it needs to respond to research, corporate, <br />and faculty needs in a timely and efficient manner. <br />o <br />Support the creation of a technology business incubator to house <br />companies emerging from TXST’s research activities. <br />Establish a technology incubator facility that is based on <br />national best practices and equipped to support the start-up of <br />target sectors such as materials synthesis and nanotechnology <br />research, biotechnology, and green industry. <br />House each step of the commercialization process in the <br />technology incubator, <br />including laboratory, <br />testing, production, <br />business support, and <br />small office space for <br />startup companies. <br />Consider the technology <br />business incubator as a <br />component of the Texas <br />GreenTech Business <br />and Research Park. <br />Involve regional leaders <br />from TXST, <br />government, and private <br />industry to plan, fund, <br />and realize the technology incubator. <br />o <br />Promote University/private sector research collaboration, particularly <br />in the target business sectors. <br />Encourage businesses to jointly apply for research grants with <br />TXST and the University of Texas. <br />Host a university/private sector forum centered on innovation <br />and research commercialization. <br />o <br />Leverage capital sources including the Central Texas Angel Network <br />(CTAN) and the Texas Emerging Technology Fund. <br />Connect CTAN with Greater San Marcos start-up technology <br />companies. <br />Final Strategy <br />September 2009 19 <br /> <br />