HOUSTON INNOVATORS PODCAST EPISODE 58

Editor's note: A look back on two years of Houston's InnovationMap

After two years of InnovationMap, let's look back on the Houston innovation ecosystem. Photo via Getty Images

If I've learned anything from this year, it's that time cannot be trusted. Have we been in the throes of this pandemic for eight months, six weeks, or three years? They all feel accurate in their own ways.

I similarly question how the past two years of InnovationMap's existence has felt to me. On one hand, I completely recognize the time it has taken me to craft over 100 Houston innovators to know roundups and more than 50 episodes of the Houston Innovators Podcast — not to mention the countless other stories with my byline on the site. But at the exact same time, I still feel like there's so much work to be done chronicling the growth of the Houston innovation ecosystem as more and more startups emerge and scale.

I took a moment to talk through both InnovationMap's past and future at an Ask Me Anything-style chat with Grace Rodriguez, CEO and executive director of Impact Hub Houston, as a part of The Houston Innovation Summit. In case you missed the chat, we've uploaded it as an episode of the Houston Innovator's Podcast. So, rather than an interview with a Houston innovator, the tables have turned as I'm asked the questions.

Listen to the episode below — or wherever you stream your podcasts — and subscribe for weekly episodes.


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Building Houston

 
 

This Houston-based SPAC has announced the tech company it plans to merge with. Photo courtesy of Gow Media

A Houston SPAC, or special purpose acquisition company, has announced the company it plans to merge with in the new year.

Beaumont-based Infrared Cameras Holdings Inc., a provider of thermal imaging platforms, and Houston-based SportsMap Tech Acquisition Corp. (NASDAQ: SMAP), a publicly-traded SPAC with $117 million held in trust, announced their agreement for ICI to IPO via SPAC.

Originally announced in the fall of last year, the blank-check company is led by David Gow, CEO and chairman. Gow is also chairman and CEO of Gow Media, which owns digital media outlets SportsMap, CultureMap, and InnovationMap, as well as the SportsMap Radio Network, ESPN 97.5 and 92.5.

The deal will close in the first half of 2023, according to a news release, and the combined company will be renamed Infrared Cameras Holdings Inc. and will be listed on NASDAQ under a new ticker symbol.

“ICI is extremely excited to partner with David Gow and SportsMap as we continue to deliver our innovative software and hardware solutions," says Gary Strahan, founder and CEO of ICI, in the release. "We believe our software and sensor technology can change the way companies across industries perform predictive maintenance to ensure reliability, environmental integrity, and safety through AI and machine learning.”

Strahan will continue to serve as CEO of the combined company, and Gow will become chairman of the board. The transaction values the combined company at a pre-money equity valuation of $100 million, according to the release, and existing ICI shareholders will roll 100 percent of their equity into the combined company as part of the transaction.

“We believe ICI is poised for strong growth," Gow says in the release. "The company has a strong value proposition, detecting the overheating of equipment in industrial settings. ICI also has assembled a strong management team to execute on the opportunity. We are delighted to combine our SPAC with ICI.”

Founded in 1995, ICI provides infrared and imaging technology — as well as service, training, and equipment repairs — to various businesses and individuals across industries.

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