Texas Tech Research and Technology Park underwayTexas Tech Research and Technology Park underwayhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=30372014-09-18T06:51:00Z2014-09-18T00:00:00Z

LUBBOCK - Texas Tech University has broken ground on Phase I of the new Research and Technology Park.

The $29 million, 41,000-sf building, at the corner of Fourth St. and Quaker Ave., is set for completion in summer 2015.

The two-story facility, directly west of the Texas Tech Health Sciences Center, will include common space for research programs that promote entrepreneurialism and innovation, space for public-private partnerships and an incubator/accelerator for new startup businesses.

Individuals, groups or businesses can lease space in the facility to conduct research, therefore it is separate from the rest of the Texas Tech campus and will be specifically designed so that air quality or traffic on nearby streets will not affect experiments or research being conducted inside.

“We have to have opportunities for faculty and students to work with other scholars and industry in ways that accelerate new businesses and support startup companies. I think the first phase of our research park contributes to that significantly,” said Texas Tech President M. Duane Nellis.

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