Time to Connect

Now is the time to bring venture capital to Houston

Register for Venture Houston on February 4th and 5th, plus apply to pitch your startup and win thousands of dollars in investments. Photo via Getty Images

For so many, COVID has changed the game, and venture capitalists, startups, and corporations are in a flurry to learn the new rules. Investors and entrepreneurs now more than ever are seizing the opportunity to engage with tech ecosystems in cities like Houston to take advantage of large corporations as neighbors and possible customers to their startups.

Through the intersection of these groups comes great opportunity and massive unlocked potential. But the execution of this intersection must be curated in order to be effective. HX Venture Fund, Houston's strategic venture capital fund-of-funds, is working to not only bring these groups together, but to create a collision that paves the way for innovation and information to flow among all parties.

In a world in which we are "colliding" from our home offices and dining room tables, the stakes are high, and these intersection opportunities cannot be missed.

In February, HX Venture Fund — in collaboration with Rice Alliance, Houston Angel Network, and Houston Exponential — will bring this conversation to Houston through Venture Houston, a two-day virtual event connecting venture capitalists from across the country to Houston entrepreneurs and corporations.

Steve Case, Chairman & CEO at Revolution Ventures and co-founder of AOL, will kick off the conversation by discussing how this wave of innovation is coming to Houston and why our city is perfectly equipped to let it thrive. Venture capitalists from Houston, as well as the HX Venture Fund portfolio, will give their unique perspective on how to scale a startup in Houston and why they are looking to invest their capital in the city's growing innovation ecosystem.

Some of Houston's best success stories and founders — Shashi Narahari of High Radius, Joe Alapat of Liongard, Bryan Sansbury of AEGIS Hedging, Kim Raath of Topl, Ben Johnson of Spruce, and others — will discuss their successful navigation of Houston's startup ecosystem, from raising capital to finding talent.

And some of the city's most prominent corporations, including all of HX Venture Fund's Limited Partners — such as Insperity, Rice Management Company, and LyondellBasell — will discuss how their industry verticals are changing and how innovation is the key to their future successes.

The two conference days will end with a pitch competition specifically for Houston and Gulf Coast Region startups with over $1.7 million in investment and in-kind prizes from investors across the nation and the HX Venture Fund portfolio in an effort to showcase and power the very best entrepreneurs in our city.

While the landscape is changing and subsequent innovation more disruptive than ever, HX Venture Fund is determined to not let this opportunity go to waste and to fuel the innovation that comes with it. The experience of the venture capitalists, the rigor of the entrepreneur, and the network of the corporation are the key elements to setting the innovation ecosystem alight. Venture Houston 2021 will be one of the places that sparks the flame.

------

Venture Houston is taking place online February 4-5. Click here to register. The startup pitch competition application deadline is January 15 — click here to apply.

Trending News

Building Houston

 
 

5G could be taking over Texas — and Houston is leading the way. Photo via Getty Images

Based on one key measure, Houston sits at the forefront of a telecom revolution that could spark a regional economic impact of more than $30 billion.

Data published recently by the Texas Comptroller's Office points out that as of last November and December, Houston led all cities in Texas for the number of so-called "small cells." Small cells are a key component in the rollout of ultra-high-speed 5G wireless communication throughout the Houston area and the country.

As the Texas Comptroller's Office explains, small cells are low-powered antennas that communicate wirelessly via radio waves. They're usually installed on existing public infrastructure like street signs or utility poles, instead of the big communication towers that transmit 4G signals.

The comptroller's tally shows Houston had approved 5,455 small-cell sites as of the November-December timeframe. That dwarfs the total number of sites (1,948) for the state's second-ranked city, Dallas.

"Houston is in the vanguard of small cell permitting in Texas, and not just because it's the state's largest city; advocates have lauded its proactive approach to 5G. Other cities, particularly smaller ones, are lagging well behind," the Comptroller's Office notes.

According to CTIA, a trade group for the wireless communications industry, 5G holds the promise to deliver an economic impact of $30.3 billion in the Houston area and create 93,700 jobs. The group says industries such as health care, energy, transportation, e-commerce, and logistics stand to benefit from the emergence of 5G.

"Maintaining world-class communications infrastructure is a requirement for success in a rapidly changing global economy. Small cells and fiber technology are the key foundational components for network densification and robust 5G. Cities like Houston that have embraced the need for this infrastructure will see the benefits of 5G faster than others," Mandy Derr, government affairs director at Houston-based communications infrastructure REIT Crown Castle International Corp. and a member of the Texas 5G Alliance, tells InnovationMap.

Derr says leaders in Houston have embraced the importance of small-cell technology through "reasonable and effective" regulations and processes aimed at boosting 5G capabilities. Three major providers of wireless service — AT&T, T-Mobile, and Verizon — offer 5G to customers in the Houston area.

"More small cells and fiber provide greater and faster access for the masses, enabling the connectivity that is essential to our businesses today — whether it's accepting payments on a mobile card reader, completing a sale on the go, or reliably reaching consumers where they are," Derr says.

In a blog post, Netrality Data Centers, which operates a data center in Houston, proclaims that Houston is shaping up to be a hub of 5G innovation.

"Houston has always been on the frontline," Mayor Sylvester Turner said during a 5G roundtable discussion in 2019. "It is who we are. It is in our DNA. We are a leading city. We didn't wait for somebody else to go to the moon. Or to be the energy capital of the world. Or the largest medical center in the world. But you don't stay at the front if you don't continue to lead."

Trending News