What you're reading

5 top trending innovation stories in Houston this week

Life Time Work announced its third location in Houston's City Centre. Courtesy of Life Time

Editor's note: Welcome to the inaugural edition of our weekly top stories roundup. Here's where you can see what's being read across InnovationMap. This week, futuristic gift ideas, DNA dating, top events, and more are catching the eyes of our readers.

10 futuristic products you can buy today in this Galleria store that's flipping the script on retail

B8ta has all the perks of a digital marketplace — but customers are able to physically test all the products. Photo by Natalie Harms

B8ta, which has its lone Houston store in the Galleria, will stock any types of products in its stores, as long as it fits the bill as an innovative product. Here are 10 that seem like are from the future. Read the full story here.

5 can't-miss Houston events for entrepreneurs to close out 2018

Check out these conferences, shopping events, networking, and more. Getty Images

Before most of Houston completely checks out for the holidays, the city is playing host to a few major innovation-focused events. Learn from thought leaders, network, and even shop at these five events taking place this week and next. Read the full story here.

Houston DNA-based dating app expands nationwide, launches next funding round

Pheramor takes users' DNA and social media habits and matches them with compatible partners. Courtesy of Pheramor

Houston singles can find their perfect match — even if it's someone across the country. Houston-based Pheramor — a DNA-based dating app — is available for download in every state. Read the full story here.

Life Time reveals details of first Houston coworking space

Houston snags only the third location of Life Time Work. It opens in City Centre early next year. Courtesy of Life Time

Houston is just the third city to be chosen to have a location of Minnesota-based Life Time's new coworking center. Life Time Work should be open in early 2019 in City Centre Five, adjacent to Life Time Athletic. Read the full story here.

3 Houston innovators to know this week

These three entrepreneurs are in the business of solving problems. Courtesy photos

Entrepreneurs see a problem, and solve it. This week's three innovators to know are no different. All three have personal stories of realizing there's something not right — and there's something they could do about it. Read the full story here.

Trending News

Building Houston

 
 

this one's for the ladies

Texas named a top state for women-led startups

A new report finds that the Lone Star State is ideal for female entrepreneurs. Photo via Getty Images

Who runs the world? According to Merchant Maverick's inaugural Best States for "Women-Led Startups'' study, Texas is a great place for women to be in charge.

The Lone Star state cracked the top 10 on the list, earning a No. 6 spot according to the small business reviews and financial services company, which based the study on eight key statistics about this growing segment of the economy. Colorado (at No. 1), Washington, Virginia, Florida, and Montana were the only states to beat out Texas on the rankings—leading the Merchant Maverick team to conclude that "the part of the country that lies west of the Mississippi is great for startups led by women entrepreneurs."

Women-led startups in Texas received $365 billion in VC funding in the last five years, the report found. This is the seventh largest total among U.S. states. Too, about 20 percent of Texans are employed at woman-led firms, which is the fifth highest percentage among states. Roughly 35 percent of employers in Texas are led by women.

A few other key findings that work in female founders' favor: The startup survival rate in Texas is nearly 80 percent. And a lack of state income tax "doesn't hurt either," the report says.

Still there are shortcomings. On a per capita basis, only 1.27 percent of Texas women run their own business. The average income for self-employed women is also relatively low ranking among states, coming in around $55,907 and landing at 31st among others.

This is not the first time Texas has been lauded as a land of opportunity for women entrepreneurs. A 2019 study named it the best state for business opportunities for women. Houston too has proven to support success for the demographic. The Bayou City was named in separate studies a best city for female entrepreneurs to start a business and to see it grow.

Still, as many findings have concluded, the realities of the pandemic loom for all startups and small business owners. The Merchant Maverick study was careful to add: "The pandemic has changed the economic landscape over the past year, and often for the worse.

"This means that not every metric may be able to accurately gauge how a state might fare amidst the pandemic," the report continues. "To help factor in COVID's impact, we included some metrics that take 2020 into account, but it will be a while until we get a full picture of the pandemic's devastation.""

Trending News