TMC opens accelerator, aims for million-dollar fund

The new Texas Medical Center accelerator is open for business. TMCx, as it will be called, occupies the old Nabisco cookie factory, which is now the TMC's McGovern campus. It's 100,000 square feet of open space is dedicated to life science companies. The front lobby of TMCx at the McGovern Campus. VIEW SLIDESHOW 6 photos The front lobby of TMCx at the McGovern Campus. Dr. Robert Robbins, TMC's president and CEO showed off the space alongside the medical center's COO, Bill McKeon, to a small group Oct 9.

Applications are currently being accepted on the accelerator's new website and ideally the pair would like to have companies this fall. Featured Jobs Director of Advancement and Corporate Development Neuhaus Education Center Branch Manager Satellites Unlimited Inc. ‚ÄčEditor in Chief Houston Business Journal Post a Job See More Jobs The TMCx program won't take any equity or require rent, McKeon said. Companies can stay for the initial six months or longer if need be. And in the near future, the hope is to launch a new multimillion-dollar fund to help young companies, Robbins and McKeon told the Houston Business Journal. Ideally, it would be somewhere between $10 million to $50 million supplied from member institutions of the Texas Medical Center, governing organizations like the city or state, and other sources.‚Äč

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