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Houston accelerator renews focus on resiliency amid COVID-19 crisis

The Ion's accelerator program has pivoted to more prominately feature startups with resiliency solutions. Photo courtesy of The Ion

The Ion's accelerator program has taken the current COVID-19 outbreak as an opportunity to focus on resiliency. The Ion Smart and Resilient Cities Accelerator, as it's now known, will launch it's second cohort virtually at the end of the month.

"Resiliency has always been a core pillar of our accelerator — in my opinion, you really can't have a smart city unless you're a resilient city," Galib tells InnovationMap. "Language is so important to our culture, and we had not had that word in the accelerator, and so now we do."

The change is effective immediately and comes just ahead of the accelerator's second cohort, which will focus on air quality, water purification, and clean tech. Just like the first cohort, the selected startups will participate in a few months of programming — this time, all online — before entering into pilot programs with the city of Houston.

Later in this spring, the accelerator plans to call for remote education and online technologies. With schools closed, Galib says she's seen a need for tech optimization for both students and teachers.

"By harnessing smart technologies, cities become more resilient in the face of crises," says Gabriella Rowe, executive director of The Ion, in a news release. "The innovation of the Ion Smart & Resilient Cities Accelerator will empower and create the smart technology we need to keep our city's operations moving and our residents safe as we inevitably face sociological challenges and natural disasters. We are excited to play a role in improving our city's fabric and quality of life."

The first cohort resulted in a collective fifteen projects across nine startups. The program is backed by the city of Houston, Microsoft, Intel, and TXRX. The third cohort is expected to launch toward the end of 2020, and Galib says she's not sure what the focus will be yet.

"As we look toward the Ion's opening in January 2021, I look at the accelerator program and its capacity to accelerate entrepreneurship spirit," Galib says. "I truly see the next few months as a chance for us to double down on our efforts to find entrepreneurship everywhere in Houston so that we see every entrepreneur from all walks of life."

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Building Houston

 
 

Unlike past awards programs hosted by Ignite Healthcare Network, the Ignite Madness winners accepted their awards via video call. Photo courtesy of Ignite

From the comfort of their own homes, several female entrepreneurs accepted investment and pitch prizes at the finals of an inaugural awards program created by a Houston-based, woman-focused health organization.

Ahead of the Ignite Madness finals on Thursday, October 29, Houston-based Ignite Healthcare Network named nine finalists that then pitched for three investment prizes. The finalists included:

  • Eden Prairie, Minnesota-based Abilitech Medical — medical device company that creates assistive devices to aid those with upper-limb neuromuscular conditions or injuries.
  • New Orleans, Louisiana-based Chosen Diagnostics — a biotech company focusing on custom treatment. First, Chosen is focused on creating two novel biomarker diagnostic kits — one for gastrointestinal disease in premature infants.
  • San Francisco, California-based Ejenta — which uses NASA tech and artificial intelligence to enhance connected care.
  • Highland, Maryland-based Emergency Medical Innovation — a company focused on emergency medicine like Bleed Freeze, a novel device for more efficiently treating nosebleeds.
  • Columbia, Missouri-based Healium — an app to quickly reduce burnout, self-manage anxiety, and stress.
  • Farmington, Connecticut-based Nest Collaborative — digital lactation solutions and support.
  • Palo Alto, California-based Nyquist Data — a smart search engine to enable medical device companies to get FDA approvals faster.
  • New Orleans-Louisiana based Obatala Sciences — a biotech startup working with research institutions across the globe to advance tissue engineering and regenerative medicine.
  • Perth, Australia-based OncoRes — a company that's developing a technology to provide surgeons with real-time assessment of tissue microstructure.
The inaugural event that mixed health care and basketball — two vastly different industries with strong connections to women — attracted support from partners and sponsors, such as Intel, Accenture, Morgan Lewis, Houston Methodist, Johnson & Johnson Innovation, and more, according to Ayse McCracken, founder and board chair of Ignite.

"Our partners and sponsors are an integral part of our organization" says McCracken. "Without each and every one of them, the networks, resources, and commitment to advancing women leaders, we would not have grown so rapidly in just four years and our IGNITE Madness event would not enjoy this vibrant ecosystem that now surrounds female entrepreneurs."

First up in selecting their winner for their investment was Texas Halo Fund. Chosen Diagnostics took home the $50,000 investment.

"While we were impressed by everyone who pitched tonight, one company stood out to us," says Kyra Doolan, managing partner. "[Chosen Diagnostics] exemplifies what we are looking for: an innovative solution, a strong CEO, and a real addressable market."

The second monetary award was presented by Tom Luby, director of TMC Innovation. The award was an $100,000 investment from the TMC Venture Fund, as well as admission to TMCx. The recipient of the investment was OncoRes.

"We are absolutely blown away," says Katharine Giles, founder of Onco. "We've already got a great link to Texas and looking forward to more."

The largest monetary award that was on the table was presented by Wavemaker Three-Sixty Health, a leading Southern-California based, early stage venture capital firm, for $150,000. However, at the time of the announcement, Managing Partner Jay Goss decided to award four startups an undisclosed amount of investment. Goss says he and his team will meet with each company to establish an investment.
The companies that were recognized by Wavemaker were: Healium, Ejenta, Emergency Medical Innovation, and Nest Collaborative.
Lastly, Ignite itself had $27,500 cash awards to give out to the pitch competition winners. The funds will be distributed between the winners. OncoRes took first place, Abilitech came in second place, and Obatala Sciences took third place.

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