The Texas Research and Technology Foundation's goal is to make VelocityTX central to an urban innovation district focused on bioscience.
Randy Harig, chief executive officer, left, and Rene Dominguez, president and chief operating officer, stand outside the Velocity, TX headquarters in San Antonio's East Side.An old-fashioned brass bell mounted high on a wall in the sleek hallway at the high-tech bioscience incubator VelocityTX is there for celebrating accomplishments and milestones.
On May 18, the nonprofit will lay out its next steps and ask city leaders, philanthropists and others for financial support as they work to expand economic opportunity around research and development in the bioscience sector. The foundation got its start in 1984 and really hit its stride two decades later when ILEX Oncology, a startup incubated at the Texas Research Park on State Highway 211, was bought by Genzyme Corp. for $1 billion.
It’s become a selling point in attracting business. “The customer response is really interesting,” she said. When potential customers see GenCure’s proximity to the airport, highway and downtown, and new housing and other developments occurring, she said they also see the potential for “the right kind of talent” moving in to support their manufacturing efforts.
as space for military medical research and have begun talks with several Department of Defense institutions. When complete, the complex could support almost 2,500 jobs. It would also address housing and gentrification as development grows, he said. “We’re not anticipating displacing people, but there needs to be thoughtful policies developed to help the residents as we do.”
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