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                                                         EXHIBIT 31.1





                       CERTIFICATION PURSUANT TO

                            SECTION 302 OF

                     THE SARBANES-OXLEY ACT OF 2002





I, Charles R. Kokesh, President, Chief Executive Officer, Chief

Financial Officer and Chairman of Technology Funding Inc. and Managing

General Partner of Technology Funding Ltd., certify that:



1. I have reviewed this quarterly report on Form 10-Q of Technology

Funding Partners III, L.P.;

2. Based on my knowledge, this quarterly report does not contain any

untrue statement of a material fact or omit to state a material fact

necessary to make the statements made, in light of the circumstances

under which such statements were made, not misleading with respect to

the period covered by this quarterly report;

3. Based on my knowledge, the financial statements, and other

financial information included in this quarterly report, fairly

present in all material respects the financial condition, results of

operations and cash flows of the registrant as of, and for, the

periods presented in this quarterly report;

4. I am responsible for establishing and maintaining disclosure

controls and procedures (as defined in Exchange Act Rules 13a-14 and

15d-14) for the registrant and have:

a) designed such disclosure controls and procedures to ensure that

material information relating to the registrant is made known to me by

others within the entity, particularly during the period in which this

quarterly report is being prepared;

b) evaluated the effectiveness of the registrant's disclosure controls

and procedures as of a date within 90 days prior to the filing date of

this quarterly l report (the Evaluation Date); and

c) presented in this quarterly report my conclusions about the

effectiveness of the disclosure controls and procedures based on my

evaluation as of the Evaluation Date;

5. I have disclosed, based on my most recent evaluation, to the

registrant's auditors and the audit committee of registrant's board of

directors (or persons performing the equivalent function):

a) all significant deficiencies in the design or operation of internal

controls which could adversely affect the registrant's ability to

record, process, summarize and report financial data and have

identified for the registrant's auditors any material weaknesses in

internal controls; and

b) any fraud, whether or not material, that involves management or

other employees who have a significant role in the registrant's

internal controls; and

6. I have indicated in this quarterly report whether or not there were

significant changes in internal controls or in other factors that

could significantly affect internal controls subsequent to the date of

my most recent evaluation, including any corrective actions with

regard to significant deficiencies and material weaknesses.



Date:  May 12, 2005         By:     /s/Charles R. Kokesh

                               --------------------------------

                                     Charles R. Kokesh

                                     President, Chief Executive

                                     Officer, Chief Financial

                                     Officer and Chairman of

                                     Technology Funding Inc. and

                                     Managing General Partner of

                                     Technology Funding Ltd.

Technology Funding Partners III, L.P.

(a Delaware limited partnership)



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