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http://thedailycougar.com/2014/05/16...research-park/

Academics & Research May 16, 2014 // by Nam-My Le // Comments

Investment deal builds new building, faculty start ups at Energy Research Park


The new facility, slated at $15 million, will house laboratories and startup businesses, complementing the entrepreneurial nature of UH. | Courtesy of University of Houston online.

On Wednesday, UH signed a $25 million deal with the Texas Collegiate Regional Center for the construction of a new building at the Energy Research Park which will house laboratories and startup businesses for commercialized technology created by UH faculty.

TCRC, formed by investors David Franklin, Huan Le and James Tao, will include a venture capital fund for foreign investors and will invest between $3 million and $10 million in specific technologies chosen by a board of appointees from both TCRC and UH.

“Developing a more entrepreneurial culture promotes UH’s overall academic and research mission to create new knowledge for the good of society,” said President and Chancellor Renu Khator.

“Ideally, the revenues from this arrangement will be used to support additional research that leads to even more innovation.”