Rice to the rescue

Houston program in the running for prestigious $10 million prize

Rice's Baker Institute could change the fortunes of rural Texans. Photo via rice.edu

Rice University is once again in the spotlight for innovation, this time for its work in potentially assisting rural communities across the Lone Star State. And this idea could score the university a $10 million prize.

A new project proposed by the Rice's Baker Institute for Public Policy is among five finalists for the coveted Lone Star Prize, the school announced. The Baker Institute project proposal, titled "Texas Dirt: The Key to Environment, Economy and Resilience," aims to transform the state's environment "through implementation of a soil carbon storage market while growing new economic opportunities for rural Texans" according to a press release.

Atmospheric accumulation of carbon dioxide (CO2) contributes to climate change, which disproportionately affects poor and marginalized populations, according to the Baker Institute team.

"Rural communities have long been disadvantaged relative to the urban and industrial centers that are focal points for economic activity and CO2 emissions," the team wrote in a project description. "A soil carbon market is a Texan approach that addresses both of these issues as part of a long-term solution." The team aims to "implement a Texas soil carbon storage market that utilizes photosynthesis to abate atmospheric CO2 by storing it as organic matter in soils of prairies, farms, ranches and grasslands of Texas."

Beyond an economic boost, say the team, benefits the Texas water supply, regional flood resilience, and the restoration of local ecosystems.

As for the prestigious prize, the Texas-based, statewide competition was launched in early 2020 by Lyda Hill Philanthropies and Lever for Change to improve the lives of Texans and their communities, per a statement.

Project members include attorney Jim Blackburn, a professor in the practice of environmental law at Rice and co-director of the university's Severe Storm Prediction, Education and Evacuation from Disasters Center (SSPEED); Caroline Masiello, a professor of Earth, Environmental and Planetary Sciences at Rice; and Kenneth Medlock, the James A. Baker III and Susan G. Baker Fellow in Energy and Resource Economics and senior director of the Baker Institute's Center for Energy Studies.

Other statewide finalists include Austin's JUST Community, which invests in low-income, female entrepreneurs to create more resilient communities in the U.S.; Dallas-based Meadows Mental Health Policy Institute, which will will improve quality of life and mental health access; the Dallas location of Merit America, which will will build new pathways to upwardly mobile careers for low-wage Texans without bachelor's degrees; and Austin's Texas Water Trade, which aims to deliver clean water to households most in need.

More than 172 proposals were submitted for the Lone Star Prize. A final grant recipient will be announced in late spring 2021.

------

This article originally ran on CultureMap.

Trending News

Building Houston

 
 

This week's roundup of Houston innovators includes Hannah Le of RE.STATEMENT, Misha Govshteyn of MacroFab, and Kelli Newman of Newman & Newman Inc. Photos courtesy

Editor's note: In this week's roundup of Houston innovators to know, I'm introducing you to three local innovators across industries — from sustainable fashion to tech manufacturing — recently making headlines in Houston innovation.

Hannah Le, founder of RE.STATEMENT

Hannah Le founded RE.STATEMENT to provide a much-needed platform for sustainable fashion finds. Photo courtesy of RE.STATEMENT

It's tough out there for a sustainable fashion designer with upcycled statement pieces on the market. First of all, there historically hasn't been a platform for designers or shoppers either, as Hannah Le explains on this week's episode of the Houston Innovators Podcast.

"Most designers give up if they haven't sold an item within three months," Le says. "That's something RE.STATEMENT has dedicated its business model to — making sure that items sell faster and at a higher value than any other marketplace."

RE.STATEMENT won one of the city of Houston's startup competition, Liftoff Houston's categories last year. Le shares what's next for the early-stage company on the show. Read more and listen to the episode.

Misha Govshteyn, CEO of MacroFab

MacroFab has secured fresh investment to the tune of $42 million. Photo courtesy of MacroFab

MacroFab, a Houston-based electronics manufacturing platform, has announced $42 million in new growth capital. The company was founded by Misha Govshteyn and Chris Church, who built a platform that manage electronics manufacturing and enables real-time supply chain and inventory data. The platform can help customers go from prototype to high-scale production with its network of more than 100 factories across the continent.

“Electronics manufacturing is moving toward resilience and flexibility to reduce supply chain disruptions,” says Govshteyn, MacroFab’s CEO, in a news release. “We are in the earliest stages of repositioning the supply chain to be more localized and focused on what matters to customers most — the ability to deliver products on time, meet changing requirements, and achieve a more sustainable ecological footprint. MacroFab is fundamental to building this new operating model.”

The company has seen significant growth amid the evolution of global supply chain that's taken place over the past few years. According to the company, shipments were up 275 percent year-over-year. To keep up with growth, MacroFab doubled its workforce, per the release, and opened a new facility in Mexico. Read more.

Kelli Newman, president of Newman & Newman Inc.

In her guest column, Kelli Newman explains how to leverage communications at any stage your company is in. Photo courtesy of Newman & Newman

Kelli Newman took actionable recommendations from investors, customers, advisers, and founders within Houston to compose a guest column with key observations and advice on leveraging communications.

"The significance of effective communication and its contribution to a company’s success are points regularly stressed by conference panelists and forum speakers," she writes. "Yet for many founders it’s advice that fuels frustration for how to make communications a priority with a lack of understanding of the practice." Read more.

Trending News