Texas Emerging Technology Fund Invests in Local Tech Companies
A pair of Austin companies have received investments from the state's Emerging Technology Fund (ETF).
RFMicron, a developer of RFID (radio frequency identifier) microchips, received $675,000, while Agile Planet, creators of operating software to facilitate safe human-robot collaboration, received $250,000 from the fund.
The legislature created the ETF in 2005 to invest in innovative technologies developed in Texas. Earlier this month, Cedar Park-based Mystic Pharmaceuticals Inc. received $1.56 million from the ETF.
RFMicron's chips are used to track materials from where they're created to where they're delivered. Agile Planet's RobotLogix software helps people control industrial robots more efficiently.
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