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Houston-based pitch contest announces 2019 finalists ahead of SXSW competition

Houston-based HATCH Pitch has revealed its four finalists. The startups will take the stage during SXSW in March. Courtesy of HATCH Pitch

For the eighth year, Houston-based HATCH Pitch is headed to Austin for SXSW to host its pitch competition focused on startups making the world a better place.

This year's competition, which takes place on March 11, will be between four finalists. While the competition is invite only to guests, the pitches will be streamed online in an interactive way, so viewers can post comments or questions to the mentors, pitchers, and judges.

  • Sydney-based Edwel Energy is an app that allows users to compare the carbon footprint of millions of different products and services to enhance their eco-friendly decision-making process.
  • eHealthNow, based in Philadelphia, is the first HIPAA compliant platform that optimizes treatment plans for cancer patients in China by using oncologists overseas.
  • Dallas-based Mambo, an innovative webapp, allows for communities to customize member experiences, increase the sense of belonging, and grow revenue.
  • Neuroflow, another Philadelphia-based startup, is a health tech and analytics company that has a tool that promotes behavioral health access and engagement in order to improve outcomes, overall wellness, and cost of care.

"We chose these four startups because they are solving difficult problems that have real impact on real people," Greg Wright, founder of HATCH, says. "Their focus is on health, wellness, and environmental sustainability. Their success will make life better for overlooked groups and communities."

HATCH, a nonprofit organization that began in 2012, has dozens of alumni that have gone on to raise over $340 million and had 10 exits. The contest's 2019 mentors and judges have yet to be announced, but some of the past judges include Werner Vogels of Amazon, Kerry Rupp of True Wealth Ventures, Juliana Garaizar of TMCx, and more.

"The goal of HATCH Pitch is to provide coaching and connections to tech startups making life better," Wright says. "I'm proud that we have remained focused on this objective by evolving our summit event to provide maximum benefit to the selected finalists by surrounding them with the experience of our accomplished alumni, mentors, investors, and potential customers."

Startups fair well in Houston, a new study finds. Photo by Zview/Getty Images

Ten percent of the United States workforce — 15.3 million people — work for themselves, according to the Bureau of Labor Statistics. In honor of National Small Business Week, a recent study sought out the best cities for starting a business, and Houston came in at No. 13.

WalletHub, a personal financial website, used 19 key metrics — such as five-year business-survival rate and office-space affordability — to compare 100 cities in the U.S.

Houston ranked highest in the business environment category with a No. 4 ranking. This ranking considered startups per capita, average growth of business revenue, length of an average work week, etc.

The other two rankings were access to resources and business costs. For those, Houston ranked No. 55 and No. 67, respectively.

The population of Houstonians starting new companies is growing every year. According to the Greater Houston Partnership's data, the greater Houston area added 11,700 firms between 2013 to 2018 — an average addition of 2,340 per year.

Aside from the unclassified new businesses starting up in Houston, the most popular industries for new companies are restaurants, individual and family services, and computer systems design and related services, per the GHP. Within computer systems alone, the region added almost 700 new companies over the past five years.

In a city named the most diverse in the country, about one-third (31.6 percent) of all Houston firms are minority-owned, according to the GHP. Asians own 17.6 per­cent, Hispanics 10.1 percent, Blacks 3.5 percent, and Native Americans, Hawaiians and other groups 0.4 percent. Houston was recently ranked as a top city for minority entrepreneurial success.

Meanwhile, one in five firms (20.5 percent) is female-owned — one in seven (13.8 percent) is equally male/female-owned. While the data varies slightly, another recent study found that Houston had the 7th most startups with female owners.

Perhaps most telling for the WalletHub's findings is that the GHP reports that nearly two-thirds (63.6 percent) of all Houston em­ployers have been in business six years or more.

Texas, which was recently named the top state for female entrepreneurs, fared well overall in the WalletHub study, with seven cities in the top 20. Here's how the rest of the state ranked:

  • Austin came in at No. 4
  • Fort Worth took the No. 11 spot
  • Dallas secured the No. 15 rank
  • San Antonio ranked at No. 16
  • Irving came in at No. 17
  • Laredo was named No. 18
  • Lubbock missed the top 20, but took the No. 23 spot