Eavesdropping in Houston

Overheard: Prominent business leaders weigh in on innovation in the energy and health industries

Ahead of entering the Houston market later this year, Silicon Valley's Plug and Play hosted three days of programming surrounding innovation in energy and health care. Natalie Harms/InnovationMap

Plug and Play, a Silicon Valley venture capital firm and accelerator program, plans to launch its operations in Houston later this year. And, in showing its commitment to the Bayou City, the organization hosted three days worth of panels, talks, and pitches at the Texas Medical Center's TMC Innovation Institute earlier this month.

Houston Innovation Week was Plug and Play's formal introduction to Houston startups and the local corporations that have the potential to support them. The programming focused on health and energy and sustainability, and the summit concluded with TMCx's Demo Day.

If you missed the event, we've hit the highlights for you by rounding up nine powerful quotes overheard throughout the week.

“Nowadays, I feel every industry is going to go through an incredible digital transformation. Even the oil and gas industry, which is very capital heavy, there’s going to be a layer of fast-moving technologies which would help the industry be more efficient. This is the crossroads where Plug and Play was born — bridging the gap between the entrepreneurs and the technologies. That changes an industry.”

— Saeed Amidi, CEO and founder of Plug and Play, says. He also shares the story of how Plug and Play got its start from a few lucky early investments to making over 150 investments a year.

“Now we have about 30 offices, and then quite frankly I realized I had forgotten about America.”

— Amidi says, announcing that Plug and Play will open five new offices across the United States in the next six months to a year.

“We’re not walking in terms of building this integrated robust innovation ecosystem, we’re sprinting in that direction.”

— Mayor Sylvester Turner says, adding that, "If there is any city that ought to be leading the way when it comes to startups, technology, and innovation, it ought to be the city of Houston."

“You have to get people to invest more. It doesn’t happen on its own. People have to see that if we invest, we’re going to get a return.”

— Mayor Turner says, calling the crowd to action. "You can't just talk about what others have done and what we have accomplished. You have to take that now, build the platform, and move into where we are going."

“One of the things you look at is it’s not the technology itself that’s going to make you win or lose, it’s what you do with it.”

— Barbara Burger, president of Chevron Technology Ventures, responding to a question about what technologies she has her eyes on. Burger continued on to say that, while she couldn't highlight any technologies in particular — it's like picking a favorite child, she's always evaluating how a new technology would help with the affordability, reliability, and lower environmental impact. "That's the game," she says.

"Management is amazing at suppressing innovation. … We can move toward just trying not to suppress it. If someone has an idea, they are safe to go through the process and raise their hand."

— Bradley Andrews, president of digital at Worley. "I think it's a change in attitude," he says about how management can evolve to advance ideas within energy companies.

“It’s easy to say that we’ll do the thing that gives us the most competitive advantage — and it’s really hard to figure out what that means and how you do that. In general, if we see something that’s out there and implemented that someone else has done, I don’t need to create an internal capability like that. I just need to go access that.”

— Doug Kushnerick, senior technology scouting and venture adviser at ExxonMobil. For Kushnerick, technology solutions that fix specific problems are easy to go after, but things that affect big picture and strategic assets are harder to figure out if they are worth implementing.

“One of our big asks from our partners from an internal perspective is really to have a champion — whether its an innovation manager or someone who really advocates these startups internally. Someone who will find the clinician and the business unit and tap the legal team.”

— Neda Amidi, global head of health and partner at Plug and Play Tech Center, responding to a question about opening up the channels of communications between startups and large companies. She adds that it's a requirement for these people to visit a Plug and Play location four to six times a year.

“What I see from a culture perspective is that it really starts with the leadership in the institution. If the people at the top in the C-suite of the institution are focused on understanding why their organization isn’t performing as well as they expect it to be and are willing to look to the outside, that’s how it starts in my mind.”

— Thomas Luby, director TMC Innovation Institute, responding to a question from the audience about large organizations that tend to be slower adaptors to new technologies.

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Building Houston

 
 

The newest coworking spot is in POST Houston. Photo courtesy of Common Desk

A Texas-based coworking company has rolled out its fifth Houston-area location just on the edge of downtown.

Common Desk has opened in 32,000 square feet of space in the POST Houston, a recently renovated historic building built in 1934 at 401 Franklin St.

“Common Desk has built a homey office environment that integrates beautifully with the industrial architecture at POST Houston,” says Kirby Liu, director at Lovett Commercial, in a news release. “We couldn’t be more excited to welcome organizations big and small to office at our development.”

The POST Houston is on the edge of downtown. Photo via posthtx.com

The new location includes over 24,000 square feet of workspace, seven conference rooms, 43 private offices, a dedicated desk room, and shared coworking space. Additionally, Common Desk opened seven team suites on the first and second floors that are managed by CBRE. Tenants in these spaces will have access to Common Desk’s shared areas. Just like other locations, member amenities include:

  • Chat booths
  • A wellness room
  • Full kitchen bottomless drip coffee
  • Wifi access
  • Fiction Coffee espresso bar
  • A 32-seat training room on the first floor

POST Houston is the home to 713 Music Hall venue, POST Market food hall, and Outpost rooftop event space.

Founded in 2012, Common Desk has grown to 22 locations and counting in Dallas, Houston, Austin, Wilmington, and Raleigh. In Houston, the company has opened coworking space in five locations, including:

The company also has a location in Spring in City Place.

“We're incredibly excited to be a part of the POST Houston development and to provide an outlet for companies, entrepreneurs and freelancers to experience their workdays in such a magical and inspiring setting,” says Dawson Williams, head of real estate at Common Desk.

Common Desk in POST Houston has an espresso bar for coworkers. Photo courtesy of Common Desk

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