Our Story
Our Mission

The Texas Research & Technology Foundation (TRTF) and VelocityTX are San Antonio’s champions for driving economic development in and around emerging technologies.  We fund and develop innovative ventures, building San Antonio’s bioscience and technology economy.

As a leading economic development organization, we strongly support the long-term community goal of supporting commercialization, strengthening and supporting our military missions and promoting entrepreneurial development as a key economic strategy.

VelocityTX at its core is an innovation hub where entrepreneurs and those who are interested in startups can access the resources they need – capital, mentors, investment opportunities, subject matter experts and CONNECTION to the San Antonio Ecosystem.

VelocityTX stimulates company research, development, and formation; encourages economic development and attract companies in the high-tech, life sciences and biotech industries; improves and diversifies the economy; creates high-paying and high-tech jobs; and leverages life science, high-technology and biotech assets within the city of San Antonio and across the region.

Core Values
Integrity

1. Be honest
2. Provide Fair Treatment
3. Demonstrating Strong Moral Principals
4. Building Trust Through Every Interaction
5. Placing Our Collective Interest Above Ourselves
6. Being Reliable and Delivering on Expectations
7. Being Unified and Cohesive

Velocity

1. Having a Bias Toward Action
2. Demonstrating Skip Counting
3. Delivering Impactful Results with Speed
4. Working in Parallel

Innovation

1. Accelerating New Ideas
2. Every Experience is a Learning Opportunity
3. Sustaining Momentum for New Innovations
4. Being Creative
5. Initiating Change

Our History
A Timeline of VelocityTX
1983
1983
Tom and Nancy Pawel Gift Land for TRTF Research Park
1983
1983
General McDermott

Founded the Texas Research & Technology Foundation (TRTF)

1986
1986
Texas Research Park

In December 1986, Tom and Nancy Pawel gave 1,514 acre of land for a research park to TRTF

1986
1986
UT Health

UT Health San Antonio established the institute of Biotechnology at the TRTF Research Park

1990
1990
Research Plaza I/II

TRTF develops Research Plaza I/II which creates facilities for growing bio companies

1993
1993
BioMedical Enterprises, Inc.

BioMedical Enterprises, Inc. [BME] established manufacturing facility

2000
2000
UT Health & Cancer Treatment

UT Health and Cancer Treatment and Research Center develop labs and new facilities

2010
2010
McDermott Pre-Seed Fund

McDermott Pre-Seed Fund Created

2015
2015
Microsoft

Microsoft purchases land and establishes Data Center

2017
2017
VelocityTX

TRTF Purchases Merchant’s Ice & Storage and created their subsidiary VelocityTX, the innovation arm for entrepreneurial efforts in the life sciences, bio sciences, and disruptive technologies.

2019
2019
VelocityTX Ground Breaking

VelocityTX Innovation Center Ground Breaking

2020
2020
VelocityTX Innovation Center Opening

VelocityTX Innovation Center Opens with anchor tenant GenCure

For over 37 years, the Texas Research Technology Foundation (TRTF) has been successfully promoting and developing emerging technologies and the life science industry in the San Antonio area. In that time, it has established strong relationships within and become an integral part of the innovation ecosystem. In 2017, TRTF purchased the five-acre Merchant Ice complex which is located near Ft. Sam Houston. The Merchant Ice complex is being developed as an innovation center and includes its VelocityTX incubator and accelerator with a focus on the life sciences, biotech, military medicine and disruptive technologies.
What We Do
Add Value

Add value to the community by
identifying and filling gaps.

Invest

Increase potential by investing in
Ecosystems and Companies

Connect

Act as a connector of resources in
the entrepreneurial community.

Promote

Our priority is the success of your
business and your community.

Our Team
The Velocity TX Team
Randy Harig
CEO
Rene Dominguez
President & COO
JP Negem
CFO
David Fonseca
Vice President of Global Business Development
Jenness
Jenness Gough
Director of Marketing & Communications
David Clark
Director of Investment Services
Anita
Anita Moreno-Navarro
Controller
Liliana Chavez
Liliana Chavez
Global Programs Coordinator
Kaitlyn Bloch - USA Programs Assistant
Kaitlyn Bloch
Operations Coordinator
Melissa Rodriguez
Melissa Vazquez
Accounting Analyst