Relating to the creation of the Texas technology and innovation program.

SB 209 establishes the Texas Technology and Innovation Program to help Texas businesses access federal innovation funding. The program matches or supplements money from federal small business innovation programs (like SBIR/STTR) for eligible Texas businesses. To qualify, businesses must be based in Texas (with a state headquarters, manufacturing facility, or majority of employees residing here), meet federal program requirements, and not receive similar funding from other state programs. The Texas office will administer the program, requiring businesses to apply with proof of federal program eligibility and other documentation.