Dr. Newell is responsible for administering the grant and further exploring this technology's potential for commercial use.

The TLCC's Executive Director Russ Peterman said, "We are so excited to have Dr. Newell and her company joining us at the TLCC. With the recent expansion of Molecular Templates (MTI) and now the recruitment of Viral Genetics, our unique business model of recruiting post-incubation stage companies and providing extensive wet lab and clean room resources, is beginning to really return the investment that the City of Georgetown has made in our center."

The TLCC is in the process of adding five new wet labs, a second tissue culture lab, and a Class 1000 clean room and nanotechnology optical laboratory.

The City of Georgetown is a partner in Opportunity Austin, a regional initiative to foster sustainable growth through the recruitment and creation of new jobs and increased payroll in the Central Texas region.

"Mark Thomas' Economic Development Department for the City of Georgetown played a crucial role in coordinating agreement amongst the many parties crucial to this recruitment effort," said Mel Pendland, the Georgetown Chamber President. "The Chamber and the City work together seamlessly in facilitating these kinds of recruitment efforts."

Source Viral Genetics