The Austin City Council is considering a third year of funding for the University of Texas Austin Technology Incubator (ATI). This Thursday the council will consider the funding programs which would give $125K to the bioscience incubator and $200K to the wireless incubator. The city’s previous investment of $250K from mid-2006 through mid-2007 was leveraged into $7.4M of investment into ATI wireless companies, according to the ATI. The wireless division of the ATI recently spearheaded the Texas Wireless Summit, and the Wireless Seegstage Forum, which were extremely successful.

ATI Director Issac Barchas told us, "The investment in the Bioscience incubator is new, and is designed to launch an ATI program in Bioscience that is analogous to our established programs in Wireless and Clean Energy.  Overall, ATI’s partnership with the City has significantly enhanced the value that we are able to deliver to our member companies and to the Austin tech community in general.  It has enabled us to evolve into an ‘ATI v2.0′ focused on key technology sectors, with real domain expertise and sector-specific networks aligned with them."

This focus on incubating wireless companies recently led to eZee moving into the incubator.

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