Perry Invests $3 Million In State Funds In New Research Center

Gov. Rick Perry is investing $3 million in taxpayer dollars to help launch a biotechnology research center.

Credit: AP

HOUSTON (September 13, 2013)--Gov. Rick Perry announced Friday that a $3 million investment by the state's Emerging Technology Fund will help fund the creation of the Center for Cell and Organ Biotechnology, a partnership between the Texas Heart Institute and Texas A&M University.

The center will do research aimed at tackling chronic diseases in both human and veterinary health care.

More than one million people in the U.S. die from end-stage organ failure each year.

The Texas Emerging Technology Fund, which is one of Perry's signature programs in his 13 years as governor, has doled out more than $200 million to more than 140 startup companies since launching in 2005.

The state has lost some of that money over troubled and failed investments.

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