ATI Member-Company, RFMicron, Accepts $ 675,000 from Emerging Technology Fund
Austin, Texas (PRWEB) May 26, 2009
The Emerging Technology Fund (ETF) recently awarded RF Micron, an Austin Technology Incubator (ATI) member-company, $ 675,000. RFMicron develops the next generation of Radio Frequency Identifier (RFID) Micro-Chips for item-level tracking applications. Previously, RFMicron received $ 250,000 from ETF in 2008. ATI member companies have garnered three ETF investments during the first half of 2009.
When asked what the ETF funding means to the company, Shahriar Rokhsaz the founder of RFMicron responds: “this investment allowed us to recruit top talent. Dr. John Paulos, a former executive in a number of companies joined our board of directors and is currently one of our technical fellows. We were also able to recruit Dr. Edwin De Angel as our Vice president of engineering.”
“ATI creates the much needed infrastructure and support a start-up needs to be successful,” says Rokhsaz of his partnership with ATI. “They helped us to be more focused toward our goal.”
“The additional funding is great validation on RFMicron’s progress to date,” says Bart Bohn, Wireless and IT Director at ATI. “It positions the company to build a great team to further develop the technology and engage with the market.”
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