Short stories

Halliburton company raises $10M, gBETA opens apps, Houston coworking space expands, and more innovation news

SheSpace announces its expansion — and more Houston innovation news you may have missed. Photo courtesy of SheSpace

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 applications

A 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."

Enexor joined Halliburton Labs in February.

SheSpace announces expansion

For women by women: New coworking space to open in Houston

SheSpace 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 cohort

Apps 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

moneyHouston ranks No. 3 on list of cities with the most people in financial distress amid COVID-19

SBA 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."

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Building Houston

 
 

Sieve Health is an AI cloud-based SaaS platform designed to automate and accelerate matching patients with clinical trials. Photo via Getty Images

On many occasions in her early career, Dr. Arti Bhosale, co-founder and CEO of Sieve Health, found herself frustrated with having to manually sift through thousands of digital files.

The documents, each containing the medical records of a patient seeking advanced treatment through a clinical trial, were always there to review — and there were always more to read.

Despite the tediousness of prescreening, which could take years, the idea of missing a patient and not giving them the opportunity to go through a potentially life-altering trial is what kept her going. The one she didn’t read could have slipped through the cracks and potentially not given someone care they needed.

“Those stories have stayed with me,” she says. “That’s why we developed Sieve.”

When standard health care is not an option, advances in medical treatment could be offered through clinical trials. But matching patients to those trials is one of the longest standing problems in the health care industry. Now with the use of new technology as of 2018, the solution to the bottleneck may be a new automated approach.

“Across the globe, more than 30 percent of clinical trials shut down as a result of not enrolling enough patients,” says Bhosale. “The remaining 80 percent never end up reaching their target enrollment and are shut down by the FDA.”

In 2020, Bhosale and her team developed Sieve Health, an AI cloud-based SaaS platform designed to automate and accelerate matching patients with clinical trials and increase access to clinical trials.

Sieve’s main goal is to reduce the administrative burden involved in matching enrollments, which in turn will accelerate the trial execution. They provide the matching for physicians, study sponsors and research sites to enhance operations for faster enrollment of the trials.

The technology mimics but automates the traditional enrollment process — reading medical notes and reviewing in the same way a human would.

“I would have loved to use something like this when I was on the front lines,” Bhosale says, who worked in clinical research for over 12 years. “Can you imagine going through 10,000 records manually? Some of the bigger hospitals have upwards of 100,000 records and you still have to manually review those charts to make sure that the patient is eligible for the trial. That process is called prescreening. It is painful.”

Because physicians wear many hats and have many clinical efforts on their plates, research tends to fall to the bottom of the to-do list. Finding 10-20 patients can take the research team on average 15-20 months to find those people — five of which end up unenrolling, she says.

“We have designed the platform so that the magic can happen in the background, and it allows the physician and research team to get a jumpstart,” she says.” They don’t have to worry about reviewing 10,000 records — they know what their efforts are going to be and will ensure that the entire database has been scanned.”

With Sieve, the team was able to help some commercial pilot programs have a curated data pool for their trials – cutting the administrative burden and time spent searching to less than a week.

Sieve is in early-stage start up mode and the commercial platform has been rolled out. Currently, the team is conducting commercial projects with different research sites and hospitals.

“Our focus now is seeing how many providers we can connect into this,” she says. “There’s a bigger pool out there who want to participate in research but don’t know where to start. That’s where Sieve is stepping in and enabling them to do this — partnering with those and other groups in the ecosystem to bring trials to wherever the physicians and the patients are.”

Arti Bhosale is the co-founder and CEO of Sieve Health. Photo courtesy of Sieve

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