Launched in 1998, the Emergent Technologies fund was initially met with scepticism.

Emergent Technologies, a venture capital fund launched in 1998 to focus on life sciences spin-outs from the University of Oklahoma Health Sciences Centre, has paid off for the state. Created by Texas native Tommy Harlan, the fund had to fight off early pushback from citizens.

Emergent has since managed to alleviate fears that a fund would license technologies but establish the companies in Texas, and has successfully built eight companies in Oklahoma. These spin-outs are based on technologies developed by…