It was 2011, and entrepreneur Cyndi Nickel was in search of a business incubator. Her Austin-based biotech firm DxUpClose, founded in 2009, was using lab space at Texas State University in San Marcos. It was time to get out from under the university’s wings, but Nickel needed easy access to a sophisticated laboratory.
Representing an early-stage venture still in the development phase of its product, she wasn’t ready to go out and build her own lab. In her search, Nickel heard about the North Texas Enterprise Center and met NTEC’s Hubert Zajicek, the center’s managing director-medical technology.
Zajicek encouraged Nickel to apply to present at MedVentures, a regional, early-stage investment conference focused on the rapidly growing medical technology sector. She did, and was accepted. Her presentation at the conference led to funding from angel investors. By March, Nickel had moved out of TSU’s lab and into NTEC’s operation in Frisco.