A grant from the Department of Commerce’s Economic Development Administration will help kick-start the transformative initiative. Creating opportunities for the future of Lubbock and West Texas is at the top of the priority list for the Texas Tech University Innovation Hub at Research Park. For the next several years, the federal government will lend a hand … Continued

For angel investors, an exit is an opportunity to sell their shares in a company to receive a return on their investment. Members of the Lubbock Angel Network have received an exit from software company Onit. The Houston-based firm, who provides enterprise-level solutions to better manage workflows, has received a secondary investment from a private … Continued

NuPark, a company specializing in license place recognition (LPR) based enterprise parking management solutions that was initially developed at Texas Tech University, has been acquired by Passport, Inc. Based in Charlotte, NC, Passport is an industry-leading parking payments solutions company. It is estimated that between Passport and NuPark approximately 1 in 3 vehicles in the … Continued

TenantCloud, a software solution for independent landlords based in Austin, Texas has sold a majority stake in their company providing a return to members of the Lubbock Angel Network (LAN) who were invested in the company. This is the group’s first acquisition or “exit” by a portfolio company. TenantCloud provides free property management software for … Continued

The Texas Tech Innovation Hub at Research Park kicked off its second annual Spark Conference Monday at its 3911 4th St. headquarters. The two-day conference is a way to highlight innovative work happening at Texas Tech and in the local business community. “We’re showcasing innovation and entrepreneurship at Texas Tech,” said Taysha Williams, program director … Continued

Students of the Lubbock Chamber of Commerce’s Young Entrepreneurs Academy pitched their businesses to local investors at the Scottish Rite Event Center Thursday night, leaving with much of the money needed to get their dreams going. The 15 participants in this year’s YEA! group had just a few minutes to explain their business plans, target … Continued

LUBBOCK, Texas, June 21, 2018 /PRNewswire/ — SitePro today announced a financing round led by Cottonwood Venture Partners (“CVP”), a leading digital oilfield technology venture capital firm. Investing alongside CVP were several of SitePro’s earlier investors, including members of the Lubbock Angel Network. SitePro provides an end-to-end solution for water management by digitalizing and automating … Continued