Where to be

10+ can't-miss Houston business and innovation events for June

Check out these conferences, pitch competitions, networking, and more. Getty Images

Summer's here and living isn't necessarily easy — especially when it comes to scheduling. Houston's busting at the seams with networking, panel, and pitch events this month.

If you know of innovation-focused events for this month or next, email me at natalie@innovationmap.com with the details and subscribe to our daily newsletter that sends fresh stories straight to your inboxes every morning.

June 4-6 — Houston Innovation Week

Silicon Valley-based Plug and Play will host a series of innovation-focused events over three days. Tuesday, June 4, will be focused on energy and sustainability, while Wednesday, June 5, will focus on health tech. The week concludes Thursday, June 6, with TMCx's Demo Day.

Details: The event is from Tuesday, June 4, to Thursday, June 6, at the TMC Innovation Institute (2450 Holcombe Blvd). Learn more.

June 6 — TMCx Demo Day

TMCx's cohort of entrepreneurs take to the main stage to pitch their solutions to close out the four-month digital health accelerator program. During the event, 19 digital health startups will showcase the progress they have made on their solutions, and what they have planned for the future.

Details: The event is from 1 to 7 pm on Thursday, June 6, at the TMC Innovation Institute (2450 Holcombe Boulevard). Learn more.

June 6 — Houston Low-Carbon Energy Summit

The summit is intended for industry experts to discuss how Houston energy companies can apply our region's know-how, technical capabilities, and unique industry footprint to create and demonstrate new business opportunities to achieve a low carbon energy future. Areas to be explored will include energy storage and renewable energy, carbon sequestration and usage, methane capture, cleaner fuels, and expanded markets for natural gas.

Details: The event is from 9 am to 4 pm on Thursday, June 6, at the Royal Sonesta Galleria Houston (2222 West South Loop). Learn more.

June 5 — Using Machine Learning for Facies classification in Oil and Gas

Rajiv Shah will talk about how to train a machine learning algorithm to predict facies from well log data. He will walk through the background and then go through a Python notebook that builds the model.

Details: The event is from 6:30 to 8:30 pm on Wednesday, June 5, at Station Houston (1301 Fannin St. Suite 2440). Learn more.

June 12 — Lunch n' Learn: Using Behavioral Economics To Your Company's Advantage

Learn "What Joe Knows"- with Richard Gosselin, chief development officer at Penngo Marketing Group.

Details: The event is from 11:30 am to 1:30 pm on Wednesday, June 12, at The Cannon (1336 Brittmoore Road). Learn more.

June 12-13 — Energy Drone & Robotics Summit

Over 1,000 energy and engineering leaders gather in Houston to talk drones and robotics trends, best practices, and to see, drive and fly the latest tech.

Details: The event is from Wednesday, June 12 to Thursday, June 13, at the Woodlands Waterway Marriott Hotel & Convention Center (1601 Lake Robbins Dr). Learn More

June 13 — HCC's Small Business Summit and Expo

Funding advice, roundtable discussions, and more valuable information for existing and aspiring entrepreneurs hosted by Houston Community College.

Details: The event is from 8:30 am to 2 pm on Thursday, June 13, at the West Houston Institute (2811 Hayes Road). Learn more.

June 13 — HX live: Houston Astros Sportstech

Houston Exponential will be hosting a sports tech presentation led by Matt Brand, senior vice president of corporate partnerships and special events at the Houston Astros.

Details: The event is from 3:30 to 5:30 pm on Thursday, June 13, at The Cannon (1336 Brittmoore Rd.). Learn more.

June 14 — Meet with Illumina Ventures

Noel Jee, an associate from Illumina Ventures, will be visiting JLABS @ TMC to provide an overview about the investment firm's key areas of interest. Following the presentation, there will be a networking lunch. And finally, for those companies who apply online and are approved, one-on-one meetings with Illumina Ventures provides an intimate forum to discuss your company.

Details: The event is from 10:30 am to 1 pm on Friday, June 14, at the TMC Innovation Institute (2450 Holcombe Blvd). Learn more.

June 15 — Enventure Basecamp: Business Building Workshop

Basecamp is an inclusive environment for those who are interested in adapting their life science experiences to real business applications. All are welcome, and the event is free.

Details: The event is from 9 am to noon on Saturday, June 15, at the TMC Innovation Institute (2450 Holcombe Blvd). Learn more.

June 20 — Startup Pains: What I Wish I Knew

This monthly series hosted by the University of Houston lets you learn from someone else's mistakes and successes. This month's speaker is M. Scott Conley, chief delivery officer and vice president of Drylet LLC.

Details: The event is from 4 to 5 pm on Thursday, June 20, at the UH Technology Bridge (Innovation Center, building 4, floor 2, 5000 Gulf Fwy).Learn more here.

June 24 — Open Project Night with Impact Hub Houston and Sketch City

Connect and collaborate with real, passionate people who are working on projects, ventures, and collaborations to improve to the city of Houston. If you have an idea, are working on something, or are looking for ways to collaborate with people who are doing work at the intersection of innovation and impact this event is for you.

Details: The event is from 6 to 8 pm on Tuesday, June 25, at The Black Sheep Agency (611 West 22nd Street). Learn more.

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Building Houston

 
 

New study shows Houston has minority-owned startups than any other Texas city. Photo by Tim Leviston/Getty Images

Both Houston and the state of Texas earned high rankings on a recent study by Self Financial that looked at the percentage of minority-owned startups in regions across the U.S.

"Today there are nearly 170 thousand minority-owned startups in the U.S., employing over 700 thousand people and generating close to $100 billion in annual revenue," the report said. "Based on demographic trends, these numbers are likely to grow as the population continues to diversify on racial and ethnic lines."

According to the report, about 30 percent of startups in Greater Houston are minority-owned. This is the fifth highest percentage in the country. There are nearly 5,600 minority-owned startups in the MSA, employing more than 22,700 people and bringing in more than $3.1 billion annually, the report found.

The Bayou City outranked New York but just a tenth of a percentage. But neighboring San Antonio edged out the Bayou City for the No. 4 spot, with roughly 31 percent of startups being minority-owned.

The top three cities on the list were all in California. The San Jose-Sunnyvale-Santa Clara metro had the highest percentage of minority-owned start ups. Roughly 46 percentage of startups there are minority-owned. The Los Angeles area and San Bernardino area followed in the second and third spots, respectively.

Dallas was the only other Texas metro to make the cut. According to the study, roughly 24 percent of startups there are minority-owned, earning it a No. 9 spot on the list.

The state earned a No. 4 spot on a similar ranking. According to that report, nearly 27 percent of startups in Texas are minority-owned and are responsible for employing more than 87,000 individuals and turn out roughly $11.5 billion in sales annually.

Still, Self Financial argues that minorities are underrepresented in the startup economy in cities, states, and throughout the U.S.

"Non-Hispanic whites, who represent around 60 percent of the U.S. population, own nearly 80 percent of the nation's startup businesses," the report says.

In Houston, nearly 64 percent of the population is considered a minority. And yet, those individuals only represent about 30 percent of startup ownership. Even in top-ranked San Jose the gap is wide. The population in the metro has a 68 percent minority share, and only 46 percent of startups are minority-owned.

St. Louis had the narrowest margin among large, high-rated metros. Minorities represent about 26 percent of the population there, and 25 percent go startups in the city are minority-owned.

In Texas minorities represent about 59 percent of the population, but only 27 percent of startup ownership. Nationwide minorities represent about 40 percent of the population but own about 20 percent of startups, according to the study..

Nationally minorities are most represented in the start-up economy in the accommodation, food services, and retail sectors. And the report adds that the demographic has faced exceptional challenges in 2020—from a business perspective, the largest roadblock was (and is often) access to capital.

"Minority households have lower pre-existing levels of wealth and savings to put towards a new business, while banks and other creditors are less likely to approve loans for Black or Hispanic small-business owners than they are for white business owners," the report says. "Without upfront capital to invest in a growing business, minority entrepreneurs struggle to run and scale their operations.

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