New life sciences incubator comes to Austin

Emergent Technologies, an Austin-based firm that helps entrepreneurs and investors address global issues by developing innovative solutions, has made a difference in the area. This business and its industry partners have used more than $500 million to invest in technologies including an oilfield services company, a pharmaceutical firm and more. In fact, Emergent Technologies will soon launch a new life sciences incubator for entrepreneurs and startups that could affect current residents and those who are pursuing some of the homes for sale in Austin.

The Austin Business Journal reports that the incubator will be located within Emergent Technologies' headquarters and offer a variety of tools to innovators. This facility will feature 2,000 square feet of wet-lab space to help foster creativity. Additionally, entrepreneurs can seek on-site advice from professionals with Emergent Technologies.

Startup opportunities for students
Emergent Technologies' new life sciences incubator represents just one of several chances for people to develop new businesses.

The Jon Brumley Texas Venture Labs (TVL) at The University of Texas at Austin's McCombs School of Business also recently recognized local entrepreneurs through the Texas Venture Labs Scholar Program. This initiative provides scholarships to students who are attempting to launch startups while they earn their MBAs.

"Many of our best MBA startups come from students seeking our top-ranked entrepreneurship program, arriving with a business idea and using coursework to incubate their idea," said MBA program director Christina Mabley. "With the TVL Scholar Program, we are recognizing and funding this fast- growing cadre of MBA applicants."

Students could earn up to $175,000 as part of the program.

Resources available to entrepreneurs in Austin
Those who want to get their business ideas off the ground should consider the opportunities available in Austin.

The Greater Austin Chamber of Commerce provides many newcomers with valuable resources to help them launch their businesses. This organization is participating in the Startup America: Texas initiative to promote the development of new technologies by small, locally owned companies.

Startup America: Texas was designed to connect entrepreneurs across the Lone Star State. The campaign promotes collaboration and learning by giving small-business owners the chance to interact with one another so they can better understand what it takes to succeed. Events are held throughout the Austin area to help startups grow and give entrepreneurs the resources they need to develop innovative products and services.