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BCM Technologies is an early stage venture capital firm formed by Baylor College of Medicine. It has a 20-year investment history in the Houston area. Initially, the firm was funded entirely by Baylor College of Medicine and was organized to work exclusively with them to form and finance new companies. BCM Technologies works with the on-campus Office of Technology Administration to determine the potential of new technologies as the basis for a new business enterprise. The firm meets with the inventors to get an understanding of the technology and its potential in the marketplace. After a review of the technology, patent potential, market needs and specific industry dynamics, it forms a company and provides the initial funding. BCM Technologies is involved in the early stages of the company's development and hires the management team through its network of start-up executives and recruiters.