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Exclusive: Rice University's new clean energy accelerator announces inaugural cohort

A new clean energy accelerator has announced its first cohort. Photo via Getty Images

Rice University selected 12 early-stage clean energy startups to help accelerate over the summer — and the new program kicks off later this month.

The Rice Alliance Clean Energy Accelerator, which was announced last September, is a 12-week program will prepare startups to grow their business, connect them with strategic partners and mentors, launch pilots, and fundraise. The inaugural application process attracted companies from 14 states and eight countries.

"We were impressed with the quality, potential and range of clean energy solutions being commercialized by our applicant pool and took great care in assessing their potential as well as our ability to meet their identified needs," says Kerri Smith, the accelerator's interim executive director. "The selection process was very competitive. We had a difficult time paring down the applications but are looking forward to working with our first class of 12."

A screening committee comprised of over 30 entrepreneurs, energy experts, and industry executives selected the 12 companies by evaluating them on their innovation, market strategy, viability, and more.

"With a decade of experience leading the OwlSpark Accelerator, we know that in addition to recruiting startups with technological promise, it's critical we also create a cohesive and collaborative culture," says Smith, who led OwlSpark since 2013. "We ensured we could provide the founders with a quality experience and deliver on individual startup needs."

The program, which will eventually be housed in The Ion, kicks off virtually on June 28 and will end with a demo day in conjunction with the 19th Annual Rice Alliance Energy Tech Venture Forum on Thursday, September 16.

The inaugural cohort of the program includes:

  • Toronto-based 3E Nano, a nanotechnology company that has developed an earth-friendly, high performance solar energy control coating for polymeric substrates.
  • CarbonBioEnergy, which has a mission is to transform carbon dioxide, waste biomass, and renewable electricity into zero-carbon biofuels and chemicals. The company is focused on replacing fuels in the hard-to-decarbonize sectors, like aviation and marine transport.
  • CoFlow Jet Wind Turbines is developing transformative ultra-high efficiency, low energy cost wind turbines to expand wind energy usage and reduce greenhouse gas emission.
  • Houston-based Criterion Energy Partners, an independent exploration and production company, is focused on developing decentralized direct geothermal energy projects to help commercial and industrial consumers by providing clean, reliable, baseload energy using heat from the Earth.
  • Ground State Technologies is developing an edge optimization processor chip to enable energy companies to deploy more intelligent systems. The company is based in Mountain View, California.
  • Hydrodine Catalytics, a Canadian company, has developed a zero emissions cleantech that eliminates the need for fuel gas, enables gas producers to capture Offset Carbon Credits, lowers CAP/OPEX, provides power at remote natural gas well sites, and improves operator safety.
  • KaninEnergy, a turnkey developer and innovative investor of waste heat to power projects, is helping heavy industry monetize waste heat and decarbonize operations. The company is based in Alberta, Canada.
  • Illinois-based NASADYA is building power systems that would take excess energy form the power plants and convert that into profitable co-products, green hydrogen, and oxygen.
  • Power HV, a Canadian company, has built monitoring sensors and bushings to help oil processing plants like refineries and transportation improve safety from methane and fire while reducing electricity grid losses and improving transformer energy efficiency by 30 percent.
  • Californian company Renewell Energy converts idle oil and gas wells into the lowest cost, most flexible, highest GHG abating energy storage devices in the world.
  • SeebeckCell Technologies, based in Arlington, Texas, is helping petroleum and gas industries and emerging markets solve energy waste with an innovative liquid based thermoelectric generator.
  • Mote is developing carbon-negative biomass gasification factories to supply customers with hydrogen.

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Building Houston

 
 

Proxima Clinical Research has announced an office expansion — and more Houston innovation news. Photo via Twitter

Houston's innovation ecosystem has had some big news this month, from new job titles for Houston innovators to expanding office space.

In this roundup of Houston startup and innovation news, a Houston organization expands its footprint in the TMC, Rice University opens applications for a cleantech accelerator, and more.

Organization expands footprint in Houston

Proxima CRO has announced its expansion within TMCi. Photo via Twitter

Proxima Clinical Research, a contract research organization headquartered in Houston, announced that it is expanding its office space in the Texas Medical Center Innovation Factory.

"Texas Medical Center is synonymous with innovation, and the TMC Innovation space has proven an ideal location for our CRO. It's an important part of our origin story and a big part of our success," says Kevin Coker, CEO and co-founder of Proxima CRO, in a news release.

The expansion will include around 7,500-square feet of additional office space.

"The resources found across TMC's campuses allow for companies such as Proxima Clinical Research to achieve clinical and business milestones that will continue to shape the future of life sciences both regionally and globally. We are excited for Proxima to expand their footprint at TMC Innovation Factory as they further services for their MedTech customers," says Tom Luby, director of TMC Innovation, in the release.

$20M grant fuels hardtech program's expansion

Activate is planting its roots in Houston with a plan to have its first set of fellows next year. Photo via Activate.org

A hardtech-focused nonprofit officially announced its Houston expansion this week. Activate, which InnovationMap reported was setting up its fifth program here last month, received a $20M commitment by the National Science Foundation to fuel its entrance into the Bayou City.

“Houston’s diversity offers great promise in expanding access for the next generation of science entrepreneurs and as a center of innovation for advanced energy," says NSF SBIR/STTR program director Ben Schrag in a news release.

The organization was founded in Berkeley, California, in 2015 to bridge the gap between the federal and public sectors to deploy capital and resources into the innovators creating transformative products. The nonprofit expanded its programs to Boston and New York before launching a virtual fellowship program — Activate Anywhere, which is for scientists 50 or more miles outside one of the three hubs.

“We are delighted to be opening our newest Activate community in Houston,” says Activate Anywhere managing director Hannah Murnen, speaking at the annual Advanced Research Projects Agency-Energy Innovation Summit. “Houston is a city where innovation thrives, with an abundance of talent, capital, and infrastructure—the perfect setting for the Activate Fellowship.”

Activate is still looking its Houston’s first managing director is actively underway and will select fellows for Activate Houston in 2024.

TMC names new entrepreneur in residence

Zaffer Syed has assumed a new role at TMC. Photo via TMC.org

Houston health tech innovator has announced that he has joined the Texas Medical Center's Innovation Factory as entrepreneur in residence for medtech. Zaffer Syed assumed the new role this month, according to his LinkedIn, and he's been an adviser for the organization since 2017.

Syed has held a few leadership roles at Saranas Inc., a medical device company founded in Houston to detect internal bleeding following medical procedures. He now serves as adviser for the company.

"As CEO of Saranas, he led the recapitalization of the company that led to the FDA De Novo classification and commercial launch of a novel real-time internal bleed monitoring system for endovascular procedures," reads the TMC website. "Zaffer oversaw clinical development, regulatory affairs and strategic marketing at OrthoAccel Technologies, a private dental device startup focused on accelerating tooth movement in patients undergoing orthodontic treatment.

"Prior to working in startup ventures, Zaffer spent the first 13 years of his career in various operational roles at St. Jude Medical and Boston Scientific to support the development and commercialization of Class III implantable devices for cardiovascular and neuromodulation applications."

TMC is currently looking for an entrepreneur in residence for its TMCi Accelerator for Cancer Therapeutics program.

Applications open for clean energy startup program

Calling all clean energy startups. Photo courtesy of The Ion

The Clean Energy Accelerator, an energy transition accelerator housed at the Ion and run by the Rice Alliance for Technology and Entrepreneurship, has opened applications for Class 3. The deadline to apply is April 14.

The accelerator, which helps early-stage ventures reach technical and commercial milestones through hybrid programming and mentorship, will host its Class 3 cohort from July 25 to Sept. 22.

“Accelerating the transition to a net-zero future is a key goal at Rice University. Through accelerating the commercial potential of our own research as well as supporting the further adoption of global technologies right here in Houston, the Rice Alliance Clean Energy Accelerator is proof of that commitment,” says Paul Cherukuri, vice president of innovation at Rice, in a news release. “The Rice Alliance has all the critical components early-stage energy ventures need for success: a corporate innovation network, energy investor network, access to mentors and a well-developed curriculum. This accelerator program is a unique opportunity for energy startups to successfully launch and build their ventures and get access to the Houston energy ecosystem.”

According to Rice, the 29 alumni companies from Class 1 and 2 have gone on to secure grants, partnerships, and investments, including more than $75 million in funding. Companies can apply here, learn more about the accelerator here or attend the virtual information session April 3 by registering here.

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