After school program

Houston entrepreneur expands her passion project to international franchise business

Ghazal Qureshi wanted to engage her own kids in educational activities. Now, her programing has expanded worldwide. Courtesy of Idea Lab Kids

Ghazal Qureshi was looking for a way to engage her children in after school education. After failing to find anything that existed, she started brainstorming a new, engaging education model.

"From the beginning, we were never restricted by trying to make money. It was a passion project only," Qureshi says.

Qureshi turned her passion project into IDEA Lab Kids, an education program focused on STEAM, which stands for science, technology, engineering, arts, and math. She opened 18 locations in Houston, and, two years ago, she expanded the brand into a franchise business — the Idea Lab International Franchise Company. Now the company has locations across the United States and around the world.

The passion she had at Idea Lab's start has become an essential part of each franchise location, and Qureshi is seeking out franchise partners just as passionate to "take our idea far and wide," she says

"We are educating the future innovators and entrepreneurs of tomorrow," Qureshi says.

Front of class
Idea Lab locations around the country are engaging children from pre-k through high school in hands-on projects that reflect their own interests. Qureshi's goal is to take learning beyond the classroom.

"Anytime kids are out of school, Idea Lab is in session," says Qureshi.

Qureshi recalls that when fidget spinners were dubbed a distraction in traditional schools, children in Idea Labs were studying how the toy's motor operates, and were actually creating their own spinners using 3-D printers.

"Idea Lab picks up the slack in areas that traditional schools are unequipped to excel," explains Qureshi.

Small class sizes, and an array of technology and materials give children attending their after-school programs, weekend workshops, summer camps, or birthday parties the opportunity to use technologies that they may not otherwise be exposed to.

"You'll never see our kids just listening to lectures; it's all project-based," she says. "We are training them for the skills they will need for their jobs in the next 5, 10, 15 years."

Getting the ball rolling
Qureshi began Idea Lab in Houston seven years ago, inspired by the challenge of raising her own children with quality STEAM education.

"My background is in IT," she explains, "but I felt like I was really missing out on being part of my children's lives, so I decided to leave corporate life. I put my energy into my kids and finding the best educational opportunities for them. But I realized there was a void."

With the need to build and create inherent in her personality, Qureshi quickly saw her new company begin to grow.

Qureshi's oldest son, now headed for college, is a big part of her personal success story with her Idea Lab program. She saw his creativity and motivation for learning blossom throughout his years of Idea Lab classes such as coding movie production, or robotics. Qureshi is excited that Idea Lab still provides the same educational boost to thousands of children that she saw so profoundly impact her son.

Especially after her experience in starting her own business, Qureshi wants to encourage future entrepreneurs through Idea Lab's entrepreneurship program. Projects that children develop within this program embody all aspects of the blended learning STEAM model, plus a good measure of critical thinking and creativity. Children may build their own restaurant, and as founders, managers, and chefs, they must create menus and pricing, recipes with units of measure, 3-D printed objects such as spoons, and navigate other realities of owning a small business. Equally as important, children must learn to collaborate toward common goals, and utilize each other's strengths.

Ready for graduation
The company is actively looking for expansion opportunities and prospective franchisees.

"The ideal franchisee," Qureshi says, "is someone who 'gets' the void in the education, understands the education industry, or has kids for whom they haven't been able to find great programs for."

Thus far, Idea Lab has 52 assigned territories in the United States, six in Canada, one opening soon in Ecuador, and talks are beginning with other country partners. Although for Qureshi, founding Idea Lab from the ground up required countless hours of dedication.,

"When you buy a franchise, everything is all worked out for you, all the hardship has been taken out of it, as someone has already done the trial and error," Qureshi says.

Idea Lab provides materials and models for everything from tested and vetted curriculum to implementation of their programs, making it as easy as possible to hit the ground running.

As Idea Lab keeps its finger on the pulse of the next wave of innovation to motivate children, and grow their business, they are looking for partners who are interested in helping to provide a creative education to the community.

As Qureshi always tells parents, "with a little bit of a push, you'll be surprised by how many new things kids can learn through their own exploration, if given the opportunity."

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Building Houston

 
 

Data Gumbo, founded and led by Andrew Bruce, has announced its latest funding. Photo courtesy of Data Gumbo

A Houston-based tech company has announced another round of funding to support its blockchain network growth as well as to establish a presence in the Middle East.

Data Gumbo has closed its series B funding round totaling $7.7 million with follow-on investments led by Equinor Ventures. The round includes participation from Saudi Aramco Energy Ventures and Bay Area and Houston-based venture firm L37. The round's first close was announced in September 2020 at $4 million. The additional funds to close the Series B will be used to scale Data Gumbo to serve demand for GumboNet™ and GumboNet™ ESG. Additionally, Data Gumbo plans to establish a presence in the Middle East to cover expected demand growth in the region.

"The successful close of our series B is continued proof of the efficacy and booming interest in our ability to capture critical cost savings, deliver trust and provide transparency across commercial relationships," says Andrew Bruce, founder and CEO of Data Gumbo, in a news release. "Compounded by the growing demand for transparent, accurate sustainability data and the launch of our automated ESG measurement solution, GumboNet™ ESG, Data Gumbo's trajectory is well-positioned to serve our growing customer base by ensuring economic productivity and value. This infusion of capital will support our expansion efforts as we bring more international users to our network."

With this latest raise, Data Gumbo's total funding raised to date is $18.4 million.

"Data Gumbo's success is marked by a wide variety of business use cases and opportunities for expansion," says Bruce Niven, chief investment officer at Aramco Ventures, in the release. "Our continued investment is a testament to our continued support as the company attracts new customers, experiences further demand for its network and gains traction in new markets."

The company's technology features smart contract automation and execution, which reduces contract leakage, frees up working capital, enables real-time cash and financial management, and delivers provenance with unprecedented speed, accuracy, visibility and transparency, per the release.

"Data Gumbo is the market leader for smart contracts backed by blockchain, and the coming year will be a period of exponential growth for the company as they penetrate new industrial markets," says Kemal Farid, partner at L37, in the release. "We believe strongly that GumboNet will become the de facto network for smart contracts across industries for capturing value and solving enormous pain points in contractual relations. Additionally, as companies move to meet increasing sustainability measurement demands and ESG improvements, there is a huge growth path available for Data Gumbo with the launch of GumboNet ESG."

Earlier this year, the company announced its environmental, social and corporate governance tracking and reporting tool.

"Equinor's recent pilot at the Johan Sverdrup field has demonstrated that GumboNet can create strong value for the partnership," says Gareth Burns, head of Equinor Ventures, in the release. "Our follow-on investment confirms Equinor Ventures' confidence in Data Gumbo's solution for our company and the broader energy industry."

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