Texas startup receives $9M to build affordable 3-D printed houses

High-tech homes

A 3-D printed home could be built in 48 hours for only $10,000. Photo courtesy of ICON Build

In the not-too-distant future, a Texas company's 3-D printed homes will be popping up across the world for a fraction of the cost of traditional homes.

"It's our mission at ICON to reimagine the approach to homebuilding and construction and make affordable, dignified housing available to everyone throughout the world," says Jason Ballard, co-founder and CEO of Austin-based ICON LLC. "We're in the middle of a global housing crisis, and making old approaches a little better is not solving the problem."

The 3-D printed homes startup just raked in $9 million in seed funding from a host of investors, including Fort Worth-based homebuilding giant D.R. Horton; Vulcan Capital, a Seattle investment firm launched by Microsoft billionaire Paul Allen, who died October 15; Austin startup accelerator Capital Factory; Austin real estate developer Cielo Property Group; and San Francisco venture capital firm Oakhouse Partners, which is the lead investor.

At this point, ICON executives aren't sure when their homes will be popping up around town. However, Ballard tells CultureMap, "serious conversations" are underway about bringing these homes to Austin and other places around the world.

In March, ICON reaped tons of press when it unveiled a 350-square-foot 3-D home at SXSW — the first home of its kind to receive a construction permit in the U.S. At the time, ICON executives said the home — constructed of concrete and printed in less than 48 hours by 3-D printing robots — cost less than $10,000. By contrast, the median price in September 2018 of a single-family home in the Austin metro area was $302,250.

ICON's first batch of homes is planned for a project in impoverished El Salvador that's being developed in conjunction with New Story, a San Francisco nonprofit that seeks to eradicate homelessness. The first homes there are scheduled to be printed next year.

ICON is targeting a per-home cost of $4,000 in El Salvador. Relying on technology upgrades, ICON hopes to create each 3-D home in less than 24 hours.

"While prices to print homes will vary from country to country and state to state," Ballard says, "the big takeaway is that downloading and printing a home has the potential to cost half of standard construction costs."

Homes at the development in El Salvador will measure 600 to 800 square feet — around the size of a typical one-bedroom apartment. Eventually, ICON aims to print homes in the 1,500- to 2,000-square-foot range.

Among the advantages of 3-D printed homes cited by ICON are:

  • Speedy construction
  • No manual labor
  • Little generation of leftover construction materials
  • "Tremendous" design freedom

There's a positive environmental impact with this construction process as well.

"Conventional construction is slow, fragmented, wasteful, and has poor thermal properties that increase energy use, increase operating costs, and decrease comfort," Ballard says. "Also, conventional materials like drywall and particleboard are some of the least resilient materials ever invented."

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This story originally appeared on CultureMap.

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Student-led startup runs away with prestigious prize at Rice competition

winner, winner

Rice University student-founded companies took home a total of $100,000 in equity-free funding at the annual Liu Idea Lab for Innovation and Entrepreneurship's H. Albert Napier Rice Launch Challenge.

Known as the NRLC, the venture competition features Rice University's top student-founded startups. The competition is open to undergraduate, graduate, and MBA students at Rice.

Five finalists were named earlier this year to pitch their five-minute pitch before the Rice entrepreneurship community on April 22. Each startup walked away with equity-free investment.

Veloci Running took home the first-place prize and $50,000. The company was founded by Tyler Strothman, a former track and field athlete and senior at Rice majoring in sport management.

Inspired by the foot pain he suffered due to the narrow toe boxes in his running shoes, Strothman decided to create a naturally shaped shoe designed to relieve lower leg tightness and absorb impact.

SteerBio took home second place and $25,000. The startup has a patented single-surgery hydrogel solution for lymphedema. It was founded by Mor Sela Golan, Martha Fowler and Alvaro Moreno Lozano. Lozano was recently named to the 2025 Rice Innovation Fellows cohort and Golan was named a Commercialization Fellow.

Third place, and $15,000, went to Labshare, which is an AI-powered web app that streamlines lab inventory and resource sharing. It was founded by Julian Figueroa Jr, John Tian, Mingyo Kang, Arnan Bawa and Daniel Kuo.

Other winners included:

  • Outstanding Undergraduate Award and $2,500: Kinnections
  • Audience Choice Award and $2,000: Labshare
  • Interdisciplinary Innovation Prize sponsored by OURI and $1,000: Haast Autonomous
  • Frank Liu Jr. Prize for Creative Innovation in Music, Fashion, & the Arts and $1,500: Craftroom
  • Outstanding Achievement in Artificial Intelligence Prize and $1,000: Kaducia
  • Outstanding Achievement in Social Impact Prize and $1,000: Kinnections
  • Outstanding Achievement in Consumer Goods Prize and $1,000 : Actile Technologies
  • Outstanding Achievement in Healthcare Innovations Prize and $1,000: Haast Autonomous

The NRLC, open to Rice students, is Lilie's hallmark event. HEXASpec, which develops inorganic fillers that improve heat management for the semiconductor industry, won the event last year. The team also won this year's Energy Venture Day and Pitch Competition during CERAWeek in the TEX-E student track.

Lilie also announced its 2025 Rice Innovation Fellows cohort and its first-ever Commercialization Fellows cohort this month. Read more here.

ExxonMobil and Rice team up to develop sustainable energy solutions

In Partnership

Houston-based ExxonMobil and Rice University have announced a master research agreement to collaborate on sustainable energy efforts and solutions. The agreement includes one project that’s underway and more that are expected to launch this year.

“Our commitment to science and engineering, combined with Rice’s exceptional resources for research and innovation, will drive solutions to help meet growing energy demand,” Mike Zamora, president of ExxonMobil Technology and Engineering Co., said in a news release. “We’re thrilled to work together with Rice.”

Rice and Exxon will aim to develop “systematic and comprehensive solutions” to support the global energy transition, according to Rice. The university will pull from its prowess in materials science, polymers and catalysts, high-performance computing and applied mathematics.

“Our agreement with ExxonMobil highlights Rice’s ability to bring together diverse expertise to create lasting solutions,” Ramamoorthy Ramesh, executive vice president for research at Rice, said in the release. “This collaboration allows us to tackle key challenges in energy, water and resource sustainability by harnessing the power of an interdisciplinary systems approach.”

The first research project under the agreement focuses on developing advanced technologies to treat desalinated produced water from oil and gas operations for potential reuse. It's being led by Qilin Li, professor of civil and environmental engineering at Rice and co-director of the Nanosystems Engineering Research Center for Nanotechnology-Enabled Water Treatment (NEWT) Center.

Li’s research employs electrochemical advanced oxidation processes to remove harmful organic compounds and ammonia-nitrogen, aiming to make the water safe for applications such as agriculture, wildlife and industrial processes. Additionally, the project explores recovering ammonia and producing hydrogen, contributing to sustainable resource management.

Additional projects under the agreement with Exxon are set to launch in the coming months and years.

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A version of this story originally appeared on our sister site, EnergyCaptialHTX.com.

Trailblazing Houston entrepreneur brings big ideas to new Yahoo Finance show

tune in

Elizabeth Gore, co-founder and president of Houston's Hello Alice, debuted the first episode of her new video podcast series with Yahoo Finance on Thursday, April 24.

The weekly series, known as "The Big Idea with Elizabeth Gore," will focus on providing information and resources to small business owners and sharing stories of entrepreneurship, according to a news release from Yahoo Finance.

“Entrepreneurs and small business owners drive our country’s economy forward. With a record number of small businesses launching in our communities, my goal is to help every citizen live the American Dream. On the Big Idea, we will break down barriers for entrepreneurs and lift up opportunities for every person wanting to be their own boss,” Gore said in the release.

“By hosting the 'Big Idea' on Yahoo Finance, I’m looking forward to elevating business owners’ stories and providing actionable insights to small business owners at a scale like never before. I am blown away to be joining the number one finance news source that is already trusted by so many.”

Gore was joined by Hello Alice co-founder and CEO Carolyn Rodz in the premiere episode, titled "Got a big idea for a small business? Here's your first step," to discuss the steps they took when launching the business.

Gore and Rodz founded Hello Alice in 2017. The fintech platform supports over 1.5 million small businesses across the nation. It has helped owners access affordable capital and credit and distributed over $57 million in grants to businesses across various industries. The company raised a series C round backed by Mastercard last year for an undisclosed amount and reported that the funding brought the company's valuation up to $130 million at the time.

According to Yahoo Finance, Gore's experience and expertise build on its "mission to be the trusted guide of financial information to all investors, and democratize access to quality content."

“Over the past year, we invested in expanding our programming lineup with the launch of new shows and podcasts, and welcomed new financial creators and influencers into our newsroom,” Anthony Galloway, head of content at Yahoo Finance, added the release. “By diversifying our programming and talent roster, Yahoo Finance is introducing unique points-of-view that make financial topics more engaging, actionable, and personalized. Small business owners are a vital part of our audience, so we’re excited to welcome Elizabeth Gore from Hello Alice, whose insights and expertise will help us serve and connect with this important cohort in meaningful ways.”

The show is available on Spotify, Apple Podcasts, iHeart, Pandora, and Amazon Music for listening. Streamers can view it on yahoofinance.com, Amazon Prime Video, Samsung TV, Fire TV, Vizio, Haystack, DirectTV and other streaming platforms. Watch the premiere here:

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