RFMicron, a developer of RFID microchips for item-level tracking applications, has received an infusion of capital from the state of Texas’s Emerging Technology Fund (ETF). The Austin-based firm will receive a $675,000 investment from the fund this year.
The ETF was begun in 2005 to support Texas companies working on innovative technologies in a range of industries. Since it’s inception, the fund’s cash supply has been replenished twice by the state legislature.
RFMicron also received $250,000 from the ETF in 2008. Officials indicated that RFMicron plans to use this year’s funding to enlarge its staff.
RFMicron is headquartered at the Austin Technology Incubator, part of the IC2 Institute, a non-traditional center for research and education at the University of Texas.
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