ETF Funding Process

Click here for a detailed explanation of the ETF Funding process.

Step 1: Initial Evaluation
To learn more about the RCIC or if you are considering going through our investment process, the first step is to submit your company executive summary (sample executive summary template) via our "Submit a Plan" page. Once we receive your executive summary, we will schedule a one hour meeting to learn more about your company and for you to learn more about our funding process. We can go into further detail in regards to the Texas Emerging Technology Fund (ETF) during this meeting as well. We would like to meet with each company before you apply!

Step 2: Application
Applications are accepted quarterly. The next application deadline is May 1, 2012. When submitting an Application, it should include all required documents listed below (in Word or PDF format) and it should be e-mailed (no hard copies accepted! ) by 5:00 p.m. on the deadline date to vikt@ntxrcic.org.

These are the requirements to a completed Emerging Technology Fund application:
1.    Executive Summary (view a sample)
2.    Business Plan (in Word of PDF format)
3.    Letter from a Texas Institute of Higher Education for your collaboration on their letterhead
4.    Commercialization Award Fund IV Application
5.    $250 Application Fee (add $10 for payments online)

6. Additional supporting documents, including patents, customer recommendations, PowerPoints, etc.

If you have questions regarding the application process, please contact Vik Thapar via phone (972) 883-5317 or e-mail (vikt@ntxrcic.org).

Step 3: Evaluator Pitch
The Evaluator Pitch will require each company to present for 10 minutes followed by 10 minutes of Q&A to a group of North Texas RCIC volunteer evaluators. These evaluators consists of local executives, entrepreneurs, technologists, etc.. They will have access to your application material before your presentation but you will have the ability to remove an evaluator if a conflict of interest exists. The North Texas RCIC team will mentor you before your Evaluator Pitch presentation to ensure you are prepared. Each evaluator will vote and if you receive positive feedback then you will move forward in the process. Each company will receive written feedback from each evaluator.

Step 4: NTXRCIC Board Meeting

Step 5 Final Deals sent to Austin

Step 6: ETF Sub-Committee Presentation

Step 7: ETF Full-Committee Presentation

After the Step 7:ETF Full-Committee Presentation, your company will work closely with the ETF Office of the Governor Staff. The North Texas RCIC will continue our involvement with your company.

Step 8: Due Diligence

Step 9: Leadership Approval

Step 10: Contract

Step 11: Award