Annual report of the IC² Institute (Innovation, Creativity, and Capital) at The University of Texas at Austin. Programs covered include: Austin Technology Incubator; Cross Border Institute for Regional Development (CBIRD); Emerging Texas Economy; IC² Fellows; IC² Women's Forum; International Conference on Technology Policy and Innovation (ICTPI); Master of Science in Science and Technology Commercialization degree program (MSSTC); Waco benchmark study; international programs in Armenia, Brazil, the Caribbean, and the Republic of Georgia.