Emerging Technology Program

The Emerging Technology Program helps facilitate the expansion of high-tech industry and job growth. This specific initiative includes working with state, regional and local resources to identify potential areas of development.

MEDC offers incentives to high tech start-up companies that are in the process of growing. Each awarded company must demonstrate that its technology fits MEDC’s technology targets and that it has intellectual property ownership, angel investors and the financial ability to execute a commercial lease.

If MEDC Board approves the project for the MEDC’s Emerging Technology Program, real estate rental cost assistance can be awarded to the company for up to one year with a maximum of $50,000 per company. The Emerging Technology fund for incentives is limited. Incentives are awarded on a first-come, first-served basis.

Other Services

As with a traditional "bricks & sticks" incubator, the Program offers business consultation services through non-profit business resource providers such as: Collin College, Collin Small Business Development Center, Emerging Technology Fund, SBA, US Export – Import Bank, and others.

Contact John Valencia, Director of Business Retention/Expansion and Emerging Technology
for more information.