I  Gulf Coast RCIC


     Office Locations:

c/o Houston Technology Center
410 Pierce Street
Houston, TX 77002
Phone: 713-658-1750



  • Early
  • Seed



  • Electronics & Advanced Materials
  • Information Technology
  • Life Sciences & Healthcare
  • Medical Device
  • Software & Internet



    The Gulf Coast Regional Center of Innovation and Commercialization (Gulf Coast RCIC) was established to service the 30-county Gulf Coast region for the TETF (the $200 million state administered Texas Emerging Technology Fund). The Houston Technology Center is the Gulf Coast RCIC, partnering with the Greater Houston Partnership, Economic Development Organizations and universities throughout the 30-county region. The Gulf Coast RCIC processes applications for TETF Commercialization Grants from companies located within the Gulf Coast region. TETF awards have been announced to forty-four Gulf Coast region companies, eligible to receive up to $54,679,520. All Gulf Coast region awardees are able to take advantage of one year of Client Services from the Houston Technology Center (see profile). For-profit companies that have raised less than $500,000 in prior equity investments are qualified to apply for a Pre-Seed Commercialization Award of up to $250,000. These businesses may be earlier stage companies, with less mature management teams and business plans. The State will reserve $1,000,000 of TETF funding for Pre-Seed awardees. The awardee will receive up to $250,000 for an initial project, and upon project completion can request their remaining TETF funding. The first $500,000 received in TETF funding may be in the form of convertible debt. Businesses receiving Pre-Seed Commercialization Awards may have up to 30 months to raise matching funds from qualified investors. Renewal of the Texas Emerging Technology Fund has been renewed for through August 2013.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Bob Prochnow Director
    Deborah Mansfield Associate Director
    Paul Frison RCIC Investment Advisor


    Portfolio companies include:

      Animal Innovations
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      Apaxis Medical
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      AuricX Pharmaceuticals
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      Bellicum Pharmaceuticals
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      Blue Box Health
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      Castle Biosciences
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      Ensysce Biosciences
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      Laser Tissue Welding
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      Molecular Logix
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      Nano3D Biosciences
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      PLx Pharma
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      Salient Pharmaceuticals
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      ScanTech Sciences
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      Veros Systems
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    Recent News:

      There is no recent news for Gulf Coast RCIC.