TSTH Receives Consortium Accelerator Award

SHERMAN, TEXAS — The Texoma Semiconductor Tech Hub (TSTH) Consortium previously convened at Austin College on January 8th, 2024, to develop the application for an Economic Development Administration (EDA) Regional Technology and Innovation Hubs grant. TSTH was one of 31 applicants nationwide—and the only one in Texas—to receive the Tech Hub designation following Phase I of the competition. Additionally, TSTH is one of only 11 applicants to also win a Strategy Development Grant as part of the EDA’s initiative.

Following the application for the Consortium Accelerator Award, TSTH, led by SMU, has been awarded $500,000 through the EDA to continue implementing its strategy focused on increasing semiconductor production in the Texoma region.

The Tech Hub Program’s Consortium Accelerator Award will help the TSTH build momentum across their “consortia as EDA awaits further Tech Hubs appropriations as set forth in the President’s Fiscal Year 2025 Budget Request”, according to TSTH’s website, enabling them to continue developing a globally competitive regional industry across 29 counties through technological innovation, workforce development and commercialization efforts.

Austin College’s strong connections to the North Texas region, combined with their location in the epicenter of the semiconductor hub, allows the College to collaborate with The Texoma Semiconductor Tech Hub in many ways—acting as a gateway for collaboration and networking in their region and across the border into southern Oklahoma.

Austin College is a private national liberal arts college located north of Dallas in Sherman, Texas, in one of the fastest growing regions of the state and in the heart of the flourishing North Texas technology corridor. The College has earned a reputation for excellence in academic preparation, global awareness, pre-professional foundations, leadership development, committed faculty, and hands-on, adventurous learning opportunities. Founded in 1849, it is the oldest institution of higher education in Texas operating under original name and charter.