Mover and shaker
MassChallenge Texas names former Houston Exponential leader as local exec
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."