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Houston engineering firm provides grant for COVID-19 antibodies testing kits

A Houston company is helping to fund the advancement of an antibody testing kit that could answer a lot of the questions surrounding COVID-19. Getty Images

A Houston-area engineering company that usually helps its energy clients with efficiency optimization has teamed up with a Michigan-based biotech company to advance important COVID-19 testing.

Sugar Land-based Assured Flow Solutions has partnered up with Innovative Research Inc. to aid its development of its ELISA-based test kit. The kit will be able to test to see if an individual carries antibodies against COVID-19. This test would help address the disease's many question marks as well as validate vaccine efficacy, identify donors for plasma transfusions, and more.

"The opportunity to assist in this work is personally fulfilling and further allows AFS to demonstrate our commitment to helping the community in any way possible," says Tony Spratt, AFS co-founder, in a news release.

AFS has granted funds to Innovative Research in support of the company's advancement of biotech.

"Before these kits can be used by researchers globally, they need to be tested and validated and that is where AFS has helped in our fight. The grant support from AFS will be used to purchase reagents to expedite in the rapid development and validation of these kits," says Donna Schelby, vice president of operations at Innovative Research Inc., in a news release.

"Without the generous support of AFS, we would not be as far along in the development phase as we are."

The two companies are connected through the University of Michigan, where executives from each firm attended.

"This is a unique and meaningful opportunity for a cross-over between our two innovative companies to work towards a common goal," says Tommy Golczynski, AFS CEO, in a news release. "Leaders at both companies have academic roots from the University of Michigan, so this was a very natural and impactful collaboration to help a community in-need."

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this one's for the ladies

Texas named a top state for women-led startups

A new report finds that the Lone Star State is ideal for female entrepreneurs. Photo via Getty Images

Who runs the world? According to Merchant Maverick's inaugural Best States for "Women-Led Startups'' study, Texas is a great place for women to be in charge.

The Lone Star state cracked the top 10 on the list, earning a No. 6 spot according to the small business reviews and financial services company, which based the study on eight key statistics about this growing segment of the economy. Colorado (at No. 1), Washington, Virginia, Florida, and Montana were the only states to beat out Texas on the rankings—leading the Merchant Maverick team to conclude that "the part of the country that lies west of the Mississippi is great for startups led by women entrepreneurs."

Women-led startups in Texas received $365 billion in VC funding in the last five years, the report found. This is the seventh largest total among U.S. states. Too, about 20 percent of Texans are employed at woman-led firms, which is the fifth highest percentage among states. Roughly 35 percent of employers in Texas are led by women.

A few other key findings that work in female founders' favor: The startup survival rate in Texas is nearly 80 percent. And a lack of state income tax "doesn't hurt either," the report says.

Still there are shortcomings. On a per capita basis, only 1.27 percent of Texas women run their own business. The average income for self-employed women is also relatively low ranking among states, coming in around $55,907 and landing at 31st among others.

This is not the first time Texas has been lauded as a land of opportunity for women entrepreneurs. A 2019 study named it the best state for business opportunities for women. Houston too has proven to support success for the demographic. The Bayou City was named in separate studies a best city for female entrepreneurs to start a business and to see it grow.

Still, as many findings have concluded, the realities of the pandemic loom for all startups and small business owners. The Merchant Maverick study was careful to add: "The pandemic has changed the economic landscape over the past year, and often for the worse.

"This means that not every metric may be able to accurately gauge how a state might fare amidst the pandemic," the report continues. "To help factor in COVID's impact, we included some metrics that take 2020 into account, but it will be a while until we get a full picture of the pandemic's devastation.""

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