The Houston Technology Future Fund is raising $100m to invest in regional early-stage companies developing innovative technologies in the aerospace, energy, information technology, life sciences, and nanotechnology sectors and take them to the marketplace.
The vehicle, whose target is to make controlling and non-controlling equity investments in new or established businesses, has named John White, who has extensive experience in the venture capital sector, CEO of the General Partner.
He is currently a partner at Murphree Ventures, a position he has held since 2008.
The investment committee also includes Scott Crist, Managing Partner, Texas Ventures, J. Benton Mayberry, President, Winston Sage Partners, David McWilliams, Chair of the Board, BioHouston, Inc., Dennis Murphree, Managing General Partner, Murphree Ventures.
The Advisory Board consists of J. Downey Bridgwater, Chair, Houston Technology Center Board of Directors, and president & CEO and Chairman of the Board of Sterling Bancshares Inc. and Walter Ulrich, president & CEO, Houston Technology Center in addition to three investor representatives.
FinSMEs
05/04/2011