Gov. Perry Announces $250,000 Emerging Technology Fund Investment to Commercialize 3-D Gaming Technology
Gov. Rick Perry has announced the state will invest $250,000 through the Texas Emerging Technology Fund (ETF) in AnaLogix Development Corporation for the commercialization of its 3-D movement-based game controller for the personal computer and gaming markets.
"The ETF is a unique and powerful tool that helps Texas companies in all sectors and stages of development realize the goal of commercializing innovative technologies," Gov. Perry said. "Continued investment in this growing gaming industry and other areas of technological innovation fortifies our state's economic future."
In addition to creating the first programmable 3-D motion-sensing controller, AnaLogix has also developed a device that is compatible with all games currently available on the market with the ability to adapt to custom simulation environments. The controller is based on Micro Electro-Mechanical technology, making it one of the most affordable designs for entertainment, simulation and training applications.
AnaLogix is working with the University of Texas and the Austin Technology Incubator to commercialize the product. The ETF award will allow AnaLogix to launch and sustain production and marketing of the controllers.
Entertainment software is one of the nation's fastest growing industries, adding $3.8 billion to the U.S. gross domestic product in 2006, and bringing in $9.5 billion in 2007. It is projected that the industry will support more than a quarter of a million American jobs this year.
Texas was ranked third nationally for the number of entertainment software jobs in the state between 2003 and 2007. To date, Texas' gaming industry has generated $409 million, with 2,824 jobs created and $179.3 million in production in 2008.
The ETF is a $200 million initiative created by the Texas Legislature in 2005 at the governor's request and was reauthorized in 2007. A 17-member advisory committee of high-tech leaders, entrepreneurs and research experts reviews potential projects and recommends funding allocations to the governor, lieutenant governor and speaker of the house. To date, the ETF has allocated $62 million in funds to 15 universities, attracting more than 40 top researchers and their teams to the state and creating more than $139 million of industry capital investment and federal research dollars.