rice rises again

Rice University rises with plan to significantly grow student body

Rice will see a big increase in students in the coming years. Rice.edu

Houston's list-topping Ivy League of the South hub is set to see significant growth. Rice University's board of trustees has approved a plan to enlarge its undergraduate student body by 20 percent, the school announced. That means some additional 4,800 students by the fall of 2025.

To accommodate this expansion, Rice will open its 12th residential college and expand the number of students living on campus by approximately one-third — to 3,525.

Rice calculates that its number of graduate students (3,500) is expected to grow, which will bring the total number of undergrad and grad students to about 9,000 by fall 2025. The undergraduate student-faculty ratio would remain roughly the same: about six faculty members for every undergraduate student, the school adds in a press release.

With the newly announced expansion in enrollment, Rice's student body will have grown by around 80 percent over 20 years, per a press release.

This expansion isn't unprecedented: The school notes a roughly 35-percent increase in undergraduate enrollment between fall 2005 and 2013, as well as enlargement in graduate programs.

Not surprisingly, demand for a Rice education is high, as the school reports that the number of students applying to has grown around 75 percent over the last four years. The growth was aided by the Rice Investment, a financial aid program launched in 2018 that significantly expanded support for domestic students from families with incomes up to $200,000.

For example, in 2004, Rice received about 11 applications for every entering student; by 2020, the ratio had grown to roughly 28 applicants for every student opening. Almost 30,000 students applied for fall 2021, marking an increase of 26 percent from the previous year.

Students can expect new construction on the campus, including a new engineering building, a new building for the visual and dramatic arts, an additional residential college, and an expanded student center. The familiar and beloved Rice Memorial Center (the ol' RMC to generations of students) will be replaced; construction will begin in the first quarter of next year.

The school's new three-story, 80,000-square-foot student center will incorporate all of the RMC's current functions, a multicultural center, and gathering and event spaces. The facility will be designed by the international architecture firm Adjaye Associates, which spearheaded the Smithsonian National Museum of African American History and Culture.

Business-minded new students will also be able to take advantage of the university's first undergraduate major in business, which will be offered beginning this fall. Current freshmen and incoming undergraduates are also eligible. Faculty and curriculum will come from the Rice's top-ranked Jones Graduate School of Business.

New students can also take advantage of Rice's newest initiatives, including, per the school:

The Welch Institute at Rice University
Thanks to a massive, $100 million commitment from the Robert E. Welch Foundation (the largest single gift in school history), the institute will accelerate the discovery, design, and manufacture of the next generation of basic materials.

Carbon Hub
The hub, announced in 2019. will direct $100 million of basic science and engineering on an array of technologies, several of which have already been proven in the lab, to create an energy future with zero carbon emissions.

The Rice University National Security Research Accelerator laboratories
A partnership with the Army Futures Command and the Army Research Laboratory represents a new model for collaborative research on critical technologies to enhance national security, a release notes.

"Rice's extraordinary applicant pool has grown dramatically despite the challenges posed by the pandemic," David Leebron, Rice president, noted in a statement. "With the previous expansion we greatly increased our national and international student applications, enrollment and visibility. We also dramatically increased diversity on our campus, and we were able to extend the benefits of a Rice education to many more students. As before, we must undertake this expansion carefully in order to assure that we retain the best aspects of Rice culture, student experience and sense of community."

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This article originally ran on CultureMap.

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Building Houston

 
 

Fourteen companies are joining the spring cohort of the Softeq Venture Studio. Photo courtesy of Softeq

A Houston tech company has announced the latest cohort of its accelerator program, bringing the total number of startups supported by the company to 63.

Softeq Development Corp., a technology services development company, named 14 new startups joining its three-month spring Softeq Venture Studio cohort.

“We are so proud of the success we have had with the Softeq Venture Studio, helping to support and secure funding for 63 startups to date through the Softeq Venture Fund," says Christopher A. Howard, founder and CEO of Softeq. "With 23 of 89 founders coming from outside of the U.S., we demonstrate Houston’s growing influence as a startup hub where entrepreneurs can find a welcoming innovation community, a strong talent base, and world-class research facilities."

The spring 2023 cohort for Softeq includes:

  • Houston-based AIM7, data intelligence platform that unlocks wearable and mHealth data to provide customized and predictive wellness solutions.
  • Avendly, based in Providence, Rhode Island, makes robotic automation for restaurants to help, not supplant humans. Its first of many products is Mixibot, an integrated back-bar cocktail vending system.
  • Founded in Austin, ClioVis, is meeting today’s content-creator students where they are and how they learn. The company provides unique experiential learning tools designed for today’s content-creator students who learn by doing, not lectures.
  • Based in Tel Aviv, Israel, Flometrica, is a digital health solution featuring "use anywhere" devices to remotely monitor and diagnose various urinary tract problems through analysis of different urine parameters.
  • Gophr, from Lake Charles, Louisiana, is a technology-driven logistics company that provides tailored and efficient delivery solutions for various industries, individuals, and businesses of all sizes.
  • Chicago-based KarChing puts cash in teens’ hands for safe driving. The only app built for parents, teens, and insurance companies that rewards drivers for phone- and distraction-free behavior behind the wheel.
  • Houston-founded Meander collects travel customer satisfaction micro-surveys as people go about their trips. The research platform rewards travelers for sharing their pics, videos, and insights.
  • MEedia, based in Sacramento, California, puts a professional press conference event in your pocket. Individuals can create broadcast-worthy interactive shareable content with just their phone.
  • MeterLeader, from Huntington Beach, California, gamifies saving energy in homes by using real-time utility data and behavioral science. We're like a Fitbit challenge for your home, but instead of steps we measure kWh, therm, and CO2 reductions.
  • Houston-based PayOnDelivery, integrates secure payment with delivery for markets like Craigslist and Facebook. It’s low-hassle, fraud-free buying and selling for peer-to-peer marketplaces.
  • Another Lake Charles business, Picasso Analytics has a platform that can reduce delays and save oil refiners and petrochem owners 10 to 15 percent on multi-million dollar turnaround events by providing a single source of truth integrating the schedule, time entry, and shop status.
  • Sarasota, Florida-based Toivoa develops software-based therapies for people with disabilities who experience mental health disorders. On track for FDA approval, the platform is prescription-based, clinically validated, and delivered on your phone.
  • UpBrainery Technologies, founded in Houston, helps students explore careers through digital experiences. AI guides their interests in career paths and credentials their achievements for employers and colleges.
  • Also from Houston, WellWorth (https://wellworthapp.com/), is a financial modeling SaaS platform that helps upstream oil and gas finance leaders improve their decision-making around raising, managing, and deploying capital.

Softeq Venture Studio launched over a year ago with its inaugural cohort in 2021, and the fund was launched last year. Since launch, Softeq has raised 80 percent of its inaugural $40 million Softeq Venture Fund and made investments in 63 startups. Softeq has also reformatted its accelerator program to include two cohort classes per year, allowing for more time to be spent with the Venture Studio and its cohort startups.

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