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Texas State University System regents on Friday approved design plans for a $7 million facility to house the school's technology accelerator for startup businesses.

The approval of the 20,000-square-foot Center for Research Commercialization facility comes as the school has been adding engineering degree programs over the past few years.

The new facility will provide startups and young businesses with access to Texas State faculty, as well as laboratory and office space.

The facility "has been a goal of the university's for some time," said Bill Nance, vice president for finance and support services.

"We think it really is a nice partnership toward economic development and research in San Marcos, so we're very excited about it," he said.

To read the full, original article click on this link: Texas State System regents OK technology accelerator for startups

Author: Brian Gaar