Mover and shaker

MassChallenge Texas names former Houston Exponential leader as local exec

Jon Nordby, former exec at Houston Exponential, will lead the inaugural Houston MassChallenge cohort. Courtesy of MassChallenge

MassChallenge Texas in Houston, a zero-equity startup accelerator, has named its managing director. Jon Nordby, who recently served as Houston Exponential's director of strategy since its launch, will lead the organization's inaugural cohort.

"MassChallenge's not-for-profit, no equity model is uniquely suited to accelerate the development of Houston's innovation ecosystem and is the foundation early-stage startups need to get to the point of disruption or pivot as fast as possible," says Nordby in a release.

Before HX, Nordby served as vice president of talent and innovation at the Greater Houston Partnership, and was essential in creating the organization's Innovation Initiative.

"I was thrilled when MassChallenge established their first Texas office in 2017 and I'm excited to bring my experience leading Houston ecosystem efforts to attract founders from around the world and connect them with everything this city can offer, help them establish roots, and forge the partnerships they need for success," Nordby continues.

MassChallenge's first Houston cohort, which will accelerate 25 startups, begins in July. Applications are open until Friday, May 10, at noon.

The organization, which has locations around the world, looks for early stage startups that haven't raised more than $500,000 in equity-based funding and have generated less than $1 million in revenue over the past year. The selected startups will receive free GreenStreet office space, mentorship, investment opportunities, and more.

Also new to the team is Lauren Mitchell, who will serve as the local chapter's community manager. A native Houstonian, Mitchell comes from leading marketing and partnerships at Discovery Green. Yvette Casares Willis, who oversees statewide partnerships for the organization, is also based in Houston.

"MassChallenge Texas is providing innovation at scale in programs in Austin and Houston by connecting startups to resources throughout this great state," says Mike Millard, managing director of MassChallenge Texas, in the release. "The addition of Jon to our team will accelerate our pace in the state and advance our mission by connecting startups to deep industry resources and expertise that are available to startups in Houston."

The three Houston innovators to know this week represent new, exciting things for the innovation ecosystem. Courtesy photos

The movers and shakers within the Houston innovation ecosystem come from all kinds of industries — from private equity to supercomputing. This week's innovators to know reflect that industry diversity and are bringing something new to the table.

Jon Nordby, managing director of Houston's MassChallenge Texas chapter

Jon Nordby, former exec at Houston Exponential, will lead the inaugural Houston MassChallenge cohort. Courtesy of MassChallenge

Jon Nordby, who recently served as Houston Exponential's director of strategy since its launch, was named as the managing director of MassChallenge Texas in Houston, a zero-equity startup accelerator.

"MassChallenge's not-for-profit, no equity model is uniquely suited to accelerate the development of Houston's innovation ecosystem and is the foundation early-stage startups need to get to the point of disruption or pivot as fast as possible," says Nordby in a release.

Before HX, Nordby served as vice president of talent and innovation at the Greater Houston Partnership, and was essential in creating the organization's Innovation Initiative. Click here to learn more about the appointment.

Matthew Lamont, managing director at DownUnder GeoSolutions

Matthew Lamont is managing director at DownUnder GeoSolutions which just opened its new, powerful data center west of Houston. Courtesy of DUG

Matthew Lamont isn't technically a Houstonian, but the managing director of Perth, Australia-based DownUnder GeoSolutions gets the honorary title for bringing one of the world's most powerful supercomputers, nicknamed Bubba, to the Houston area. In fact, perhaps Lamont accepts the recognition on behalf of Bubba, who — while inanimate — is definitely a Houstonian.

DUG is heavily investing in Houston, and Bubba is just the start. The company plans to start on a friend for Bubba later this year and bring an even more powerful supercomputer to the market by 2021. Read more about Lamont, Bubba, and all that DUG is doing in Houston here.

Taseer Badar, founder and CEO of ZT Corporate

Taseer Badar is in the business of making money. Courtesy of ZT Corporate

Taseer Badar will shoot it to you straight: Houston startups struggling to find capital might need to look nationally or globally.

"Investors in Houston want positive earnings before interest, tax, and amortization," he says. "But that doesn't mean it's not possible in New York, Dallas, Austin, or other cities. There are technology conferences everywhere, that's a great way to get known as a startup."

As CEO and founder of ZT Corporate with 1,000 investors to manage, he knows private equity, and what it takes to invest. Read more about Badar here.