With the world facing one of the most significant economic downturns in the last century, an increasing number of corporations are acting very cautious with their existing liquid assets. Subsequently, as companies start to prioritize expenses, sacrifices are made and technology research is taking the largest blow, as is often the case in these economic scenarios. Yet, without technology research, corporations will likely not be able to lead or even keep up in the fast changing world of business. Therefore, it has become clear to many that we are in the midst of possibly the most critical and necessary paradigm shift to innovation since WWII.

In an industry like Oil & Gas, there are still a significant number of important technical breakthroughs that can render the business more economical, efficient, and environmentally friendly. The issue is that many of the technical projects require teams of researchers, engineers and scientists working together; and it is easy to imagine how difficult and expensive it is to bring such a team together under the current methods of internal research & development. Of course, this situation is true to all industries, hence the need for a shift in the paradigm.

Shifting along with this new direction in technology, Texas Institute of Science (www.TxIS.us) is a “Who-to-Call” to overcome the barriers of the economy and subsequent lack of Research resources. Regardless of the current global economic situation, TxIS is helping move technology forward by playing a critical role to assist its Clients remain innovative and stay ahead of the technology gap.