News | Texas Medical Center launches business accelerator

October 09, 2014

By Lora Hines | Houston Chronicle

The Texas Medical Center's new business accelerator, TMCx, on Thursday began taking applications for its inaugural class --its first step to launch scientists' discoveries into a thriving pharmaceutical and medical device manufacturing center.

The accelerator program is one of the core components of the Medical Center's innovation institute and its plan to become one of the world's premiere commercialization clusters for research in the life sciences -- microorganisms, plants, animals and humans. It will provide space for emerging companies to learn to develop, as well as meet business and legal experts, advisors and potential investors at no cost.

William McKeon, the Medical Center's executive vice president and chief strategy and operating officer, said at a news conference the accelerator will work with others, including the Houston Technology Center, to launch new businesses and keep them here. He and Medical Center President and CEO Robert Robbins want to establish Houston as a life science commercialization center to rival those in the Boston, San Francisco and San Diego areas.

"This accelerator will be a great step forward in that process," said David Underwood, the Medical Center's board chairman, in a video recorded for the unveiling of TMCx, describing it as a place for entrepreneuers to share and develop ideas that become "solutions for the world's health problems."

Go to tmcx.org for more information.