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3 Houston innovators to know this week

From making major deals to advancing future innovators, here are three Houston leaders to know this week. Courtesy photos

This week's movers and shakers in Houston innovation are dealmakers and leaders — from securing huge partnerships to influencing the next generation of inventors. These are the three innovators to know in Houston this week.

Rakesh Agrawal, CEO of SnapStream

Courtesy of SnapStream

A Houston tech innovator just made a deal with Verizon. Verizon Digital Media Services announced that SnapStream is the "official transition partner" for a product under Volicon Observer, a company that was acquired by Verizon in 2016. SnapStream's CEO Rakesh Agrawal says in a release that the two entities have similar products, features, and even customers, but have always had a respectful relationship.

"SnapStream is known, among other things, for the great support we provide, and we look forward to providing the same high-quality support to Volicon customers," Agrawal says in the release. "We hope to eventually earn the business of current Volicon customers by converting them into SnapStream customers." Read the full story here.

Enrico Ladendorf, founder and managing partner of Pason Power

Courtesy of Pason Power

Another Houston dealmaker is Enrico Ladendorf, founder and managing partner of Pason Power. In layman's terms, Pason Power offers an array of technologies — including AI, IoT, real-time automation — that support energy storage systems throughout a project's lifecycle. Energy storage systems is a wide umbrella that includes everything from the massive systems used to store renewable energy and biofuels, to household batteries, which store electricity.

"We have intelligent energy management system, which is an intelligent brain that sits inside an energy storage system," says Ladendorf. "We have this intelligent, fully-autonomous system that knows the physical operation of (energy storage and drill rigs), and it makes it brain-dead simple." Read the full story here.

Pam Rosen, general manager of the Shell Eco-marathon

Courtesy of Shell

Houstonian Pam Rosen lead Shell's Eco-marathon, which took place from April 3 to 6. Two student teams represented Houston in the competition — one from Rice University and James E. Taylor High School.

"We really needed to get more young people interested in technology careers," says Pam Rosen, general manager of the Shell Eco-marathon. "It [doesn't] even need to be with Shell. It's more about the method, science, and helping [students[ gravitate toward those opportunities."Read the full story here.

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Building Houston

 
 

These Rice University students are going for extra credit in the name of sustainability. Photo via Rice.edu

A group of Rice University students have added a new extracurricular to their transcript.

Launched last fall, Rice New Energy Fund, or RNEF, is the country's first student-managed energy transition investment fund, according to a news release from Rice. The fund's goal is to generate returns for scholarships while advancing decarbonization technology and providing education and diversity in investment.

“We needed more funds and a more focused strategy to be competitive,” Shikhar Verma , class of ’24 and founder of the fund, says in the release. “Everyone in Houston is talking about the energy transition, but not many people know what that actually entails. We want students to learn how to be responsible financiers and lead this transition.”

To join, students are required to participate in the Rice Undergraduate Finance Club’s training program and undergraduate investment fund, since the RNEF operates as a part of the club. Anyone can join the program, no matter their major.

“Our team’s diverse academic background allows us to explore investments more holistically,” Verma says. “For instance, we have engineers who can evaluate technologies and scaling risk and pre-law students to appraise the regulatory and policy environment.”

Verma says he and his fellow team members have tapped into a group of mentors, advisers and donors for the fund, including former Rice Board of Trustees chair Bobby Tudor as well as renowned executives Steve Pattyn and Stephen Trauber, per the release.

The RNEF has raised $200,000 in donations, and plans to start investing in the fall with a hope to create a portfolio of 200 new energy-related companies.

“We needed more funds and a more focused strategy to be competitive,” Verma said. “Everyone in Houston is talking about the energy transition, but not many people know what that actually entails. We want students to learn how to be responsible financiers and lead this transition.”

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