HOUSTON, March 8, 2011 /PRNewswire/ -- The Houston Technology Center (HTC), a business accelerator and the largest business incubator in Texas, is announcing a $100,000 donation from the Greater Houston Partnership's Opportunity Houston marketing program to the 2011 and 2012 Goradia Innovation Prize.
The Goradia Innovation Prize will distribute $150,000 in prize monies for the 2011 and 2012 awards. The Prize is awarded to early stage companies that have commercialized, or are close to commercializing, innovative technology within the Gulf Coast region. The selection of awardees is based upon the commercial potential of the innovation, the soundness of the business plan, the potential for job growth within the region and the likelihood of significant long-term success. A structured and disciplined process is used by a prestigious panel of judges to evaluate the finalists and select the prize winners which will be announced in the fall at the Gulf Coast Innovation Conference and Showcase.
"The Goradia Innovation Prize is meant to inspire entrepreneurialism, support the Gulf Coast region with job growth, and take innovation the last mile to reach customers, consumers and patients," said Walter Ulrich, president and CEO of the Houston Technology Center. "The additional donated funds from the Greater Houston Partnership will allow for larger prize monies thus compounding the impact on the greater Houston area."
"The Greater Houston Partnership is pleased to join forces with the Houston Technology Center to promote the Goradia Innovation Prize and build upon the region's reputation for pioneering spirit and technology savvy," said GHP president & CEO, Jeff Moseley. "Innovation is the key to securing the future prosperity and excellent quality of place for the Houston region."
The Houston Technology Center and the Greater Houston Partnership gratefully acknowledge the support and contribution of Mr. Vijay Goradia, his wife, Dr. Marie Goradia, and their family, for donating $1 million to the Goradia Innovation Prize which will be distributed over the next 10 years.
About Houston Technology Center
Named among Forbes' top 10 "incubators changing the world," Houston Technology Center (HTC) is a business accelerator that assists Houston-based emerging technology companies by providing in-depth business guidance, access to capital and service providers, and education. A 501(c)(3) non-profit organization, HTC fosters innovation and technology commercialization in the Greater Houston area within five key sectors: Energy, Information Technology, Life Sciences, Nanotechnology and NASA/Aerospace technologies. For more information, visit www.houstontech.org.
About The Greater Houston Partnership
GHP is the primary advocate of Houston's business community and is dedicated to building regional economic prosperity. It represents 10 counties: Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, San Jacinto and Waller.
Opportunity Houston is an aggressive five-year marketing and lead generation program that will help grow jobs, increase capital investment and expand foreign trade for the region by the end of 2015. Visit the Greater Houston Partnership on the World Wide Web at houston.org.
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Director, Marketing and Communications
Houston Technology Center
SOURCE Houston Technology Center