It's been a busy summer for the Houston innovation ecosystem, and for this reason, local startup and tech news may have fallen through some of the cracks.
In this roundup of short stories within Houston innovation, a Halliburton Labs member company raises a series A, SheSpace is growing, gBETA is looking for its next cohort, and more.
Halliburton company raises $10 million
Halliburton Labs opens next round of applicationsA Halliburton Labs company has raised fresh funding. Photo courtesy of Halliburton
Enexor Energy, one of Houston-based Halliburton Labs' participant companies, secured a $10 million investment from BorgWarner. The energy transition startup provides on-site, renewable energy, and carbon conversion solutions to help solve the world's organic waste and plastic waste problems.
"At Enexor, we all share a mutual passion for technological innovation and leaving a lasting legacy that betters humanity for generations long after we are gone," says Lee Jestings, founder and CEO of Enexor BioEnergy, in a news release. "We are thrilled to have a company like BorgWarner, that shares the same passion and is driven by a similar mission, invest so heavily in our company. I imagine this partnership will be fruitful for both of our companies and, more importantly, the world."
SheSpace announces expansion
For women by women: New coworking space to open in HoustonSheSpace is expanding its coworking spot. Image via shespacehtx.com
SheSpace is adding 1,500 square feet for a total of 7,500 square feet in the same spot it opened in November of last year (2799 Katy Freeway). The expansion will add supplementary event areas and 13 single and duo offices to its existing facilities, which includes 12 private offices, two event spaces, conference rooms, a fitness space, and a podcast studio.
"When our members succeed, we succeed," says founder Stephanie Tsuru, in a news release. "SheSpace grows because our members are growing and expanding in their respective businesses, and our expansion is a win for not only our members but all females."
According to the release, SheSpace's current facilities are at 100 percent capacity.
gBETA opens latest cohort applications
Early-stage startup accelerator names latest Houston cohortApps are open for gBETA. Photo courtesy of gBETA
Applications are open for gBETA's latest cohort. The early-stage program, which is a part of the nationally ranked startup accelerator gener8tor, is a free, seven-week accelerator for companies with local roots. Each program is capped at five teams, and requires no fees and no equity.
The deadline to apply is September 17, and the program will run from October 18 to December 17. Here is a direct link to view the application and apply.
Houston company joins Austin-based accelerator
Lodgeur
Lodgeur was accepted into Sputnik ATX. Photo courtesy of Lodguer
Houston-based Lodgeur has been selected for Austin-based accelerator Sputnik's summer 2021 cohort. Only five companies comprise the cohort — paired down from over 750 applications.
Lodgeur, co-founded by Brooke Bornick and Sebastien Long, allows apartment owners a chance to maximize rental income by providing turnkey flexible living service. Earlier this year, the company was named a MassChallenge - Houston finalist, as well as a semi-finalist in the Venture Houston 2021 Pitch Competition.
The five companies will go through three months of training and $100,000 in seed funding.
"What sets our program apart is the amount and caliber of mentoring our companies receive," says Dr. Oksana Malysheva, CEO and managing partner of Sputnik ATX, in a news release. "Sputnik ATX invests in the future; putting financial resources to work, training and advising founders who are skating to where the puck will be and helping them reach their full potential. Our newest cohort will change the food we eat, modernize how we find a place to live, expand a new type of lodging, help returning citizens maintain access to critical health care, and provide everyone the opportunity to be their best emotional and physical self."
SBA doles out $130 million in grants
Houston ranks No. 3 on list of cities with the most people in financial distress amid COVID-19SBA is doling out millions to hard-hit businesses. Photo via Getty Images
Earlier this month, the U.S. Small Business Administration awarded over $7.5 billion in Shuttered Venue Operators Grants (SVOG) to more than 10,000 small businesses, nonprofits, and venues. In Houston alone, over 120 businesses received more than $130 million in grant funding.
"Houston is one of only a few U.S. cities with permanent professional opera, ballet, music, and theater organizations— all considered world-class— as well as many highly rated museums, cinemas and entertainment venues," says district director, Tim Jeffcoat. "Through SBA's SVOG program, we have supplied important lifeline funding to organizations from all of these performing arts categories to rapidly restore operations and bring top-level entertainment back to Houston."
