It might surprise some to hear that Forbes magazine has listed the Houston Technology Center (HTC) as one of the ten technology incubators that are changing the world. An article written by Forbes editor Christopher Steiner ran on the company’s Web site on April 16. The article, “Ten Technology Incubators Changing the World” lists each of the ten and describes its function Steiner poses the question, “Entrepreneurship spurs economic growth, but how do you spur entrepreneurship?” The answer, as it turns out, is technology incubators. The article begins with the admission that some of the biggest companies in the world (HP and Google among them), were “born in garages and basements.” But a more direct route to commercializing new ideas, he says, is technology incubators. According to the article, “In the last few decades 300 of these facilities have sprung up in the US, many attached to universities. Incubators now host about 6,000 companies and provide an array of services, from expensive lab equipment to accounting and secretarial support.” One of the most important take-aways from the article is this: “Creating jobs by creating companies takes time, but the rewards are greater. A 2009 study by the U.S. Department of Commerce’s Economic Development Administration found that, for each US $10,000 EDA investment, incubators created 45 jobs.” The HTC has been raising its profile and expanding its reach in Houston. The organization defines itself as a nonprofit that enables and accelerates the growth of emerging technology companies for the purpose of creating jobs and promoting economic development in the greater Houston area. Its vision is to be a driving force in placing Houston in a position of global recognition as one of the top centers of technology innovation and commercialization by 2012, emphasizing energy, information technology, life sciences, nanotechnology and NASA/aerospace technology. HTC accelerates the commercializationof emerging technology companies by providing in-depth business guidance, access to capital and service providers, and entrepreneurial education. HTC also promotes Houston as a leading technology city and serves as a hub for the local technology business community. Supported by more than 300 corporations and organizations along with Houston’s leading academic institutions, Greater Houston Partnership, Texas Medical Center, NASA-Johnson Space Center and the City of Houston, HTC has become Houston’s center of technology entrepreneurship by assisting companies within several key sectors: energy, technology, life sciences, nanotechnology, and NASA/aerospace technologies. In ten years of operation, HTC has provided feedback to more than 1,000 companies and coached nearly 250 companies, helping them to raise more than $750 million and creating thousands of jobs. And it is always looking for more members. According to Maryanne Barker, Director of the Energy Practice at HTC, “Now more than ever, it’s critical that the energy industry value and support the development of new energy technologies.” If you want to know more about HTC, you can visit the Web site HTC serves as the Gulf Coast Regional Center of Innovation and Commercialization (Gulf Coast RCIC) for Texas Governor Rick Perry’s Emerging Technology Fund (ETF), assisting small to mid-size technology firms expedite the commercialization of new life-changing inventions and improving research at Texas universities. To date, the Gulf Coast RCIC has helped 31 Gulf Coast region companies have been authorized to receive $31 million in funding from the Texas ETF program.