Money moves

Foundation donates $15 million to Houston hospital for inflammation program to enhance research and treatment

The Fondren Foundation has given $15 million to Houston Methodist Hospital to create the Fondren Inflammation Collaborative. Courtesy of Methodist Hospital/Facebook

A $15 million gift from the Fondren Foundation is allowing the Houston Methodist Hospital system to create a new entity for wellness.

This donation will enable Houston Methodist to use resources from two existing programs — the Immunology Center and the Food and Health Alliance — to create the Fondren Inflammation Collaborative. The Fondren Foundation expects this program will become a local, regional, and international nexus for the diagnosis and treatment of gastrointestinal and immunological disorders and severe food allergies.

"Patients with these complex conditions often travel from doctor to doctor for years in search of a proper diagnosis and treatment," says Rob Fondren, former chair of The Fondren Foundation, in a release. "Recognizing the challenges faced by these patients and their families, The Fondren Foundation's vision is to close the gap in patient care by building an international destination of hope and relief for people with these complex, often intertwined conditions and their underlying inflammatory triggers. A central hub focused on these debilitating disorders would fill a significant gap in the Texas Medical Center."

Houston Methodist turns 100 this year. The Fondren family has served the hospital throughout its history. Fondren family members have served on the Houston Methodist board as well as councils and task forces.

"Houston Methodist would not be where it is today had it not been for the leadership of the Fondren family," says Marc Boom, Houston Methodist president and CEO, in a release. "There is really no family more unparalleled in the history of Houston Methodist. They have contributed to this institution for essentially 100 consecutive years. It's astonishing and humbling the contributions this family has made generation after generation."

The Fondren Foundation donation to form the Fondren Inflammation Collaborative will pay dividends now and for years to come, according to the release. The donation provides for four endowed chairs, research, education, counseling, and training, which will help the Collaborative achieve its initial goals of finding the link between inflammation and gastrointestinal and immunological health and then running clinical trials with groundbreaking treatments. In the future, the Collaborative will expand its scope to understanding the connection between inflammation and other disease-prone areas of the body.

"We're an organization built on the pillars of success, and we constantly evolve," says Roberta Schwarz, executive vice president, chief innovation officer, in a recent InnovationMap interview. "I can't even tell you where we'll be in a hundred years."

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Building Houston

 
 

This week's roundup of Houston innovators includes Thomas Vassiliades of BiVACOR, Katie Mehnert of ALLY Energy, and Don Whaley of OhmConnect Texas. Courtesy photos

Editor's note: In this week's roundup of Houston innovators to know — the first of this new year — I'm introducing you to three local innovators across industries — from health care innovation to energy — recently making headlines in Houston innovation.


Thomas Vassiliades, CEO of BiVACOR

BiVACOR named Thomas Vassiliades as CEO effective immediately. Photo courtesy of BiVACOR

Thomas Vassiliades has been named CEO of BiVACOR, and he replaces the company's founder, Daniel Timms, in the position. BiVACOR is on track to head toward human clinical trials and commercialization, and Vassiliades is tasked with leading the way.

Vassiliades has over 30 years of experience within the medical device industry as well as cardiothoracic surgery. He was most recently the general manager of the surgery and heart failure business at Abiomed and held several leadership roles at Medtronic. Dr. Vassiliades received his MD from the University of North Carolina, and his MBA was achieved with distinction at Emory University.

“I am excited and honored to join the BiVACOR team, working closely with Daniel and the entire team as we look forward to bringing this life-changing technology to the market,” says Dr. Vassiliades in the release. “Throughout my career, I’ve been guided by the goal of bringing innovative cardiovascular therapies to the market to improve patient care and outcomes – providing solutions for those that don’t have one. BiVACOR is uniquely well-positioned to provide long-term therapy for patients with severe biventricular heart failure.” Click here to read more.

Katie Mehnert, CEO and founder of ALLY Energy

Katie Mehnert joins the Houston Innovators Podcast to discuss the future of energy amid a pandemic, climate change, the Great Resignation, and more. Photo via Katie Mehnert

Katie Mehnert started ALLY Energy — originally founded as Pink Petro — to move forward DEI initiatives, and she says she started with building an audience first and foremost, but now the technology part of the platform has fallen into place too. Last summer, ALLY Energy acquired Clean Energy Social, which meant doubling its community while also onboarding new technology. On the episode, Mehnert reveals that this new website and platform is now up and running.

"We launched the integrated product a few weeks back," Mehnert says. "The whole goal was to move away from technology that wasn't serving us."

Now, moving into the new year, Mehnert is building the team the company needs. She says she hopes to grow ALLY from two employees to 10 by the end of the year and is looking for personnel within customer support, product developers, and sales and service. While ALLY is revenue generating, she also hopes to fundraise to further support scaling. Click here to read more.

Don Whaley, president at OhmConnect Texas

Texas is about a month away from the anniversary of Winter Storm Uri — would the state fair better if it saw a repeat in 2022? Photo courtesy

The state of Texas is about a month away from the one year anniversary of Winter Storm Uri — but is the state better prepared this winter season? Don Whaley, president at OhmConnect Texas, looked at where the state is now versus then in a guest column for InnovationMap.

"Governor Abbott has gone on record guaranteeing that the lights will stay on this winter, and I am inclined to agree. With the reinforcement of our fuel systems being mandated by the Railroad Commission, 2023 to 2025 should receive the same guarantee," he writes. "Beyond that, as the demand for electricity in Texas continues to grow, we will need to rely on the initiatives under consideration by the PUCT to attract investment and innovation in new, dispatchable generation and flexible demand solutions to ensure long-term stability in the ERCOT market.

Whaley has worked for over 40 years in the natural gas, electricity, and renewables industries, with specific experience in deregulated markets across the U.S. and Canada. He founded Direct Energy Texas and served as its president during the early years of deregulation. Click here to read more.

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