entreprenuership

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Texas Tech University Innovation Hub at Research Park

With over 44,000 sq. ft. of space dedicated to startup growth and enabling creative solutions, the Hub serves West Texas as a startup incubator. As a proud partner of the Hub, the Lubbock Economic Development Alliance encourages the launch of local startups by providing funding and grants to entrepreneurs.

Startups create over 80% of net new jobs and are instrumental in supporting local and regional economies. Since 2017, the Hub has supported over 103,000 Red Raiders, Texas Tech faculty and West Texans through its programs. Learn more about the Texas Tech Innovation Hub by visiting their website or on social media @ihubttu.

The Hub’s Economic Impact

Through LEDA’s ongoing support, the Hub has launched 45 companies through the Texas Tech Accelerator, a year-long program that empowers entrepreneurs to launch innovative startups.

The Hub also fosters entrepreneurs by providing experienced mentors in a variety of industries. Today, the Hub has 70 mentors within their iTTU Mentor Program. As a partner in the Discoveries to Impact, the Innovation Hub hosts over 1,000 undergraduate researchers, engaged scholars, innovators and entrepreneurs throughout the month-long conference. In 2023, the Discoveries to Impact Conference awarded more than $320,000 to participants! Learn how the Hub is supporting West Texas entrepreneurs through their blog and podcast series.

U.S. Small Business Administration

Lubbock’s thriving small business community is a defining piece of the area’s economy. The U.S. Small Business Administration is a valuable resource for tips to start a small business as well as understand federal funding programs.

In addition to resources regarding launching a business venture, like this 10 steps to start your business, community navigators are resources for aspiring business owners. The West Texas District can be reach via phone at 806.472.7462.

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The community here is amazing when it comes to supporting local business. People are really excited to go to a smaller boutique or a smaller restaurant that is locally owned. And, small business owners are doing things really well.”
Katie Joiner
Owner of Lillie’s Bridal Boutique