Investors from Houston, Boston fuel Greentown with $4M commitment

seeing green

A mix of public and private investors have funded Greentown Labs and its latest raise. Photo via GreentownLabs.com

Greentown Labs, a climatetech incubator with locations in the Houston and Boston areas, has announced it has received funding from a mix of investors.

The $4 million in funding came from both of the Houston and Massachusetts locations. Houston investors included Bobby Tudor, CEO of Artemis Energy Partners and chairman of the Houston Energy Transition Initiative; David Baldwin, co-founder of OpenMinds and TEX-E and partner at SCF Partners; and Rice University. Other investors included MassDevelopment and the City of Somerville.

“The challenges of the energy transition are immense, and the role played by technology incubators like Greentown Labs is essential,” Tudor says in a news release. “We believe this role, which is a partnership between academia, industry, philanthropists, entrepreneurs, and governments, is the best way to get to effective, scalable solutions in a time frame that the urgency of the challenge requires. We need all hands on deck, and this partnership between Massachusetts and Texas can be a role model for others.”

According to Greentown, the funding will support its financial position and contribute to preparing the incubator for its next chapter of supporting its its leadership team prepare for Greentown’s next chapter supporting and growing its 575 startups.

“Greentown’s mission aligns closely with the Houston Energy Transition Initiative’s goal of accelerating global solutions to address the dual challenge of meeting growing energy demand globally while also significantly reducing CO2 emissions,” adds Steve Kean, president and CEO of the Greater Houston Partnership.

With the announcement of the funding, Greentown named its board members, including Tudor, who will serve as Greentown Labs Board Chair. The other Houston-based board members are:

  • David Baldwin, co-founder of OpenMinds and TEX-E; partner atSCF Partners
  • Bob Harvey, former president and CEO of GHP; board member of TEX-E
  • Jane Stricker, senior vice president of energy transition and executive director of HETI

“With this new funding, Greentown is poised to expand its impact across its existing ecosystems and support even more climatetech startups,” adds Kevin Dutt, interim CEO of Greentown Labs. “We believe in the essential role entrepreneurship will play in the energy transition and we’re grateful for the support of our partners who share in that belief and our collective commitment to commercializing these technologies as quickly and efficiently as possible.”

According to Greentown, the incubator plans to announce its new CEO in the coming months.

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This article originally ran on EnergyCapital.

Steve Kean has made his first moves as the new president and CEO of the Greater Houston Partnership. Photo courtesy of the GHP

New GHP leader takes helm, creates ‘shared leadership model’

mixing it up

The Greater Houston Partnership announced organizational changes under the tenure of its new president and CEO, Steve Kean.

Kean officially took on his new role earlier this month, after being named the next CEO this summer. The GHP's former president and CEO, Bob Harvey, announced his retirement in January.

In his first acts as CEO, Kean reshuffled his executive suite with a series of promotions.

Katie Pryor has been promoted to executive vice president and COO where she will lead the partnership’s development and revenue activities like long-term fundraising efforts, engagement opportunities, annual membership campaigns, special events and programs, and long-term fundraising efforts, oversee people and culture, finance and accounting, and information systems departments.

Taylor Landin was also promoted, as he was named executive vice president and chief policy officer, where he will continue to lead the team of public policy and advocacy professionals in policy priorities at the federal, state and local levels.

Kean also created the Office of the CEO, which will be composed of both Pryor and Landin, and the organization’s senior vice president and chief marketing and communications officer, Clint Pasche.

“I believe this shared leadership model will produce better outcomes on the strategies, opportunities, and issues we’ll address at the partnership,” Kean says in a news release.

GHP is Houston’s “leading business organization,” which has championed growth across a 12-county region by uniting business and civic leaders dedicated to Houston’s long-term success.

“I have always known Houston to be a region focused on creating opportunity, and as I’ve visited with many across our community over the last few months since my appointment, I have seen this opportunity-creation mindset in our region’s corporations and startups, political leadership, educational institutions, economic development partners and so many other organizations,” Kean, who once was the CEO of Kinder Morgan, adds in a news release. “There is strength in the unity of spirit we have here in Houston; and our ability to collaborate and work together is what sets us apart from other cities around the country.”

It's a homecoming for this Texas unicorn. Photo via cart.com

Houston-founded unicorn logistics company returns HQ to the Bayou City

coming home

While originally founded in Houston in 2020, Cart.com has called Austin home for the past two years. Now, the scaling software company is coming home.

Cart.com, a tech company providing commerce and logistical solutions for businesses, announced today that its corporate headquarters has returned to Houston amid its rapid growth.

“I couldn’t be happier to bring Cart.com back home to Houston as we continue to revolutionize how merchants sell and fulfill products to meet customers anywhere they are,” Cart.com Founder and CEO Omair Tariq says in a news release. “The idea for Cart.com was born in Houston and we’ve always maintained a strong local presence with the majority of our executive team and board based here. As our customer mix increasingly moves upmarket and our own needs evolve, I’m confident Houston has what we need as we look towards the next stage of Cart.com’s growth story.”

The company has raised over $400 million in venture funding over the past three years, and has grown a customer base of 6,000 users, supporting over $8 billion in gross merchandise value, according to Cart.com. After making several acquisitions, the company also operates 14 fulfillment centers nationwide.

Cart.com's most recent raise, a $60 million series C round this summer, was announced to support an international expansion. Last year, the company secured $240 million in equity and debt funding.

According to the release, the relocation comes at a time of "unprecedented growth" for the business, which calls out Houston's central location, transportation infrastructure, and dynamic business community.

“We’re thrilled to welcome Cart.com home and proud to have one of the country’s fastest-growing unicorns back in Houston,” Bob Harvey, president and CEO of Greater Houston Partnership, in the release. “Cart.com’s homecoming is a testament to why companies repeatedly choose Houston to scale their business with its diverse and dynamic economy along with its unparalleled talent pool that cuts across technology, professional services and global trade. We’re excited to support Cart.com’s continued growth and look forward to the company’s contribution to Houston’s growing tech community.”

Earlier this month, Tariq was named a regional winner in the Entrepreneur Of The Year program, run by professional services firm EY. He was one of 11 Houston-based executives named in the Gulf South region and now will move on to national Entrepreneur Of The Year program.

Steve Kean will transition from leading Kinder Morgan to assuming the role of president and CEO of the Greater Houston Partnership later this year. Photo courtesy of the GHP

GHP names energy exec as new president and CEO

taking the lead

A longtime energy executive has been named the next president and CEO of the Greater Houston Partnership. He'll take on the new role this fall.

The GHP named Steve Kean, who currently serves as the CEO of Kinder Morgan Inc., to the position. He's expected to transition from CEO to board of directors member at Kinder Morgan on August 1. Kean will then assume his new position at GHP no later than Dec. 1.

Dr. Marc L. Boom, GHP board chair and president and CEO of Houston Methodist, made the announcement at a press conference June 21.

“Steve brings incredible business acumen and leadership skills to the organization," Boom says in a statement. "Coupled with an extraordinary passion for Houston, he will build on the Partnership’s momentum to continue to advance greater Houston as a region of extraordinary growth and opportunity.”

The GHP's outgoing president and CEO, Bob Harvey, announced his retirement earlier this year, and will remain in his position until Kean is onboarded. Kean was selected via a search committee established by 2022 board chair, Thad Hill. The committee was chaired by Marc Watts and included Boom, Thad Hill, Paul Hobby, Gina Luna, Eric Mullins, Armando Perez, and Ruth Simmons. The process, which looked at over 70 highly-qualified Houston leaders, also included the services of Spencer Stuart to manage the search.

“This last decade has been a dynamic time for Houston and the Partnership," Harvey says in a statement. "As a life-long Houstonian, it has been an honor to focus my efforts on supporting Houston’s continued growth and working with the business community to create opportunities for all Houstonians. This is an exciting time for Houston. I am very pleased that Steve is enthusiastic about leading the Partnership, and I look forward to the organization’s continued success under his leadership.”

With decades in the energy industry, Kean joined Kinder Morgan in 2002 and has served as COO, president of Natural Gas Pipelines, and president of Kinder Morgan Inc. before rising to CEO. He received a bachelor's degree from Iowa State University and his law degree from the University of Iowa.

“I’m grateful for the opportunity to serve our region in this role," he says. "I look forward to building on what Bob, the Board, members, and staff of the Partnership have accomplished. I know first-hand the opportunities that a vibrant business sector can create for people and communities. I look forward to expanding those opportunities further.”

Bob Harvey has announced his retirement plans. Photo courtesy of GHP

Greater Houston Partnership leader to retire, executive search committee forms to find new CEO

transition plans

Bob Harvey, who has been at the helm as the Greater Houston Partnership for over a decade has announced his retirement plans.

In an announcement today, the GHP revealed that Harvey, the president and CEO of the organization since 2012, plans to retire at the end of the year.

“This last decade has been a dynamic time for Houston and the Partnership. As a life-long Houstonian, it is a true honor to wake up each day focused on supporting Houston’s growth and working with the business community to create opportunities for all Houstonians,” says Harvey in a news release. “The commitment of business leaders to the success of this region is inspiring, and I look forward to continuing to lead the Partnership over the next year as we move Houston forward.”

Thad Hill, the current board chair of GHP and president and CEO of Calpine Corporation, has created an executive search committee made up of Partnership board members and chaired by Marc Watts, the 2018 Partnership board chair and president of The Friedkin Group. According to the release, the search will be national but the new CEO will be expected to "have some working familiarity with Houston and its business community." Current staff members will also be considered.

“I want to thank Bob for his tremendous leadership over the last decade as we’ve made great strides as an organization and as a region,” Hill says in the release. “I am grateful that Bob will continue to advance the organization over the coming months as we begin the process to find his successor. Under Bob’s leadership, the Partnership plays an essential role in the inclusive growth and prosperity of our great community, and I am confident his successor will expand on that legacy.”

The GHP is an economic development organization that serves the 12-county region encompassing Houston. It also acts as the business community’s advocate within policy across the local, state, and federal levels.

Under Harvey, the GHP has rolled out several initiatives, including workforce development program UpSkill Houston, the Houston Energy Transition Initiative, and diversity, equity, and inclusion program One Houston Together.

“The Partnership is an outstanding organization with strong board and staff leadership, impeccable financials, and a mission-oriented bias for action to make Houston a better place to live, work and build a business,” Hill says in the release. “The next leader of the Partnership is set-up to succeed, and I look forward to the process to identifying this person who will continue the organization’s momentum forward.”

Houston saw the biggest year-over-year jump in tech job postings among the top 25 U.S. cities for tech job growth, according to this report. Photo via Getty Images

Houston ranks as the top market for tech job growth

By the numbers

Houston is experiencing a boom in tech employment.

A recent report from Dice, a job platform for the tech industry, says Houston saw the biggest year-over-year jump in tech job postings among the top 25 U.S. cities for those postings.

From January through October this year, the number of tech job postings in Houston soared 45.6 percent versus the same period a year earlier. That compares with a 22.8 percent statewide increase during the same time span.

“Although sometimes overshadowed by the cachet of Dallas, Austin, and San Antonio, Houston is absolutely a tech hub in its own right, attracting a mix of major tech companies and VC-backed startups to join its already established base of aerospace, defense, and energy companies,” Dice says.

For the one-year period covered by the Dice report, San Antonio witnessed a 17.3 percent rise in tech job postings, with Austin at 9.6 percent and Dallas at 7.7 percent.

In citing Houston’s astronomic showing, Dice notes that the region benefits from the presence of tech employers like Asurion, AWS, Fiserv, Dell, IBM, and Siemens, along with a number of venture-backed startups.

Top tech occupations in the Houston area include software developer/engineer, business analyst, .NET developer, data analyst/engineer/scientist, DevOps engineer, network engineer, and full stack engineer, according to Dice. The region’s average tech salary is $100,341.

More broadly, the Greater Houston Partnership forecasts healthy job growth in 2023 while noting that a recession could temper the growth.

A “short and shallow” recession in the first half of 2023 would mean a net gain of 60,800 jobs next year, the partnership says. If no recession hits Houston, that number could climb as high as 79,200 jobs. However, a prolonged recession would limit job growth to about 30,400 jobs.

The partnership predicts 2023 job growth will be strongest in the region’s construction, energy, government, health care, professional services, and restaurant sectors. Within the professional category, which includes tech services, the partnership anticipates the addition of anywhere from 2,000 to 7,900 new jobs next year.

Through the first 10 months of this year, the Houston area added 144,000 new jobs, according to data from the Texas Workforce Commission. In November, the region’s unemployment rate stood at 4 percent, down from 5.1 percent a year earlier.

“As we look ahead to 2023 and what the future has in store, I’m incredibly optimistic about Houston’s prospects, despite a possible recession,” Bob Harvey, president of the partnership, says in a news release. “We have our challenges — from ensuring we lead on the energy transition to effectively competing for top talent — but each time Houston has been underestimated, we’ve come out on top. I believe that will be the case once again.”

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7+ can't-miss Houston business and innovation events in June 2026

where to be

Editor's note: The FIFA World Cup comes to Houston this month, joined by major energy conferences and a lineup of fan-favorite, recurring events. Here’s what not to miss and how to register. Please note: this article may be updated to add more events.


June 1-4 — CLEANPOWER 2026 Conference and Exhibition

CLEANPOWER unites policymakers, experts, and corporate leaders to solve the challenges that none can solve alone. This must-attend, four-day conference is packed with cutting-edge discussions about wind, solar, storage, and transmission; dealmaking; networking; and fun.

This event begins June 1 at the George R. Brown Convention Center. Register here.

June 2 — Humans of Healthcare

Houston Methodist Center for Innovation will present its quarterly speaker series, Humans of Healthcare. The series will feature a panel of experts who will share about their career paths and discuss the nuances of the health care industry. This month's session will focus on today’s nursing landscape, the industry’s expectations of nurses and what career paths are possible in the field.

The event is Tuesday, June 2, from 5-6:30 p.m. at the Ion. Register here.

June 9 — Greentown Go Make Kickoff

Head to the Ion to celebrate the Greentown Go Make 2026 cohort. The open-innovation program with Shell Catalysts & Technologies and Technip Energies focuses on catalytic solutions for industrial decarbonization and the energy transition. Hear pitches from the founders and network with a select group of startups while enjoying food and drink.

This event is Tuesday, June 9, from 5:30-8 p.m. Register here.

June 9-10 — Texas Brain Economy Summit

The Center for Houston’s Future and UTMB are bringing the Texas Brain Economy Summit back to Houston this summer to continue to position the region as a global leader in brain health. Expect to hear from leaders of global institutions, including the World Economic Forum, U.S. Chamber of Commerce, McKinsey Health Institute, Global Brain Economy Initiative, Davos Alzheimer’s Collaborative, Business Collaborative for Brain Health (UsAgainstAlzheimer’s), Rice University, Memorial Hermann, MD Anderson and many others. Read InnovationMap's full preview of the event here.

This event begins Tuesday, June 9. Purchase tickets here.

June 10 — MIT Future of Healthcare Technology Forum

The MIT Club of South Texas will host an in-person forum to explore how innovation, government and policy are changing the healthcare industry. The event will feature MIT alumni and Houston healthcare leaders, including Dr. Tim Boone, dean of the Texas A&M School of Engineering Medicine; Cynthia Reinhart-King, chair of bioengineering at Rice University; Dr. Tony Lin, CEO and chairman emeritus of Kelsey-Seybold Clinic; and others.

This event is Wednesday, June 10, from 5:15-8:30 p.m. at the TAMU EnMed Building. Register here.

June 11 — Goals & Gigawatts: Houston Energy & Climate Week The Power of & Kickoff Party

Come watch the Mexico City FIFA opening match while celebrating energy and innovation at the Goals & Gigawatts Kickoff Party. The event will feature food, drinks, and a showcase on Houston Energy & Climate Week. Learn what to expect and how to get involved in HECW before closing the night with a DJ and karaoke.

This event is Thursday, June 11, from 1:30-6:30 p.m. Find more information here.

June 16-17 — Energy Projects Conference & Expo

The Energy Projects Conference & Expo (EPC Show) is the largest event in North America for professionals working at the heart of major energy projects. The essential event for engineering, construction, commissioning, operations and maintenance across multiple energy sectors brings together five leading conferences under one roof. Conference subjects span LNG exporting, hydrogen and ammonia, midstream, petrochem and refining, and sustainable aviation fuels.

This event begins June 16 at George R. Brown Convention Center. Register here.

June 25 – NASA Tech Talk

Every fourth Thursday of the month, NASA experts, including longtime engineer Montgomery Goforth, present on technology development challenges NASA’s Johnson Space Center and the larger aerospace community are facing, and how they can be leveraged by Houston’s innovation community. Stick around after for drinks and networking at Second Draught.

This event is Thursday, June 25, from 6-7 p.m. at the Ion. Register here.

Houston researchers report promising first in-human trial for implantable cancer therapy

cancer breakthrough

When it comes to cancer remedies, the treatment can be as challenging for the body as its cause. But what if immunotherapy could be localized? That’s precisely what a Houston team may soon make a reality.

Rice University researchers, in partnership with MD Anderson Cancer Center, recently published their findings from the first in-human trial of an implantable cancer-fighting treatment in the journal Clinical Cancer Research. The paper details testing of AVB-001, encapsulated cells engineered to release interleukin-2 (IL-2)—a naturally occurring signaling protein that boosts immunity—in the peritoneal cavities of 14 patients. The goal is to avoid the toxicity usually experienced with less targeted treatments, as well as find a solution to IL-2s’ abbreviated half-lives.

“Traditional IL-2 therapy has shown potent antitumor activity, but its clinical use has been limited by severe side effects and delivery challenges,” Omid Veiseh, director of the Rice Biotech Launch Pad, professor of bioengineering at Rice and a senior author on the study, said in a press release. “This platform allows us to localize and sustain cytokine exposure directly where tumors reside while minimizing systemic toxicity.”

Serous ovarian carcinoma is especially well-suited to the use of AVB-001 because it tends to spread throughout the abdomen. After a minimally invasive laparoscopic procedure, patients implanted with the cells were noted to tolerate the treatment well. Half of the enrolled patients’ cancer was stabilized, with several among them reporting extended signs of benefit. No maximum tolerated dose was reached and there were no life-threatening events tied to the study.

If that sounds like less-than-earth-shaking results, this is only the beginning. The capsules were implanted for about one week because IL-2 activity drops off after that. The researchers now know that further testing should include either higher levels, repeated doses, or a combination thereof, in order to create stronger advances.

The team has already made early headway on this next step. Preclinical studies in nonhuman primates were not only tolerated well, but without added toxicity, the apes had consistent pharmacological effects.

“This is a foundational step,” Veiseh explained. “We now have evidence that the platform is safe, biologically active and potentially scalable. The next phase is optimizing dosing and exploring combination therapies to unlock its full clinical potential.”

The combination would also include a checkpoint inhibitor, which might improve AVB-001’s tumor-fighting power. “What is exciting is that we are not just delivering a drug, we are programming a microenvironment,” added Dr. Amir Jazaeri, professor of gynecologic oncology at MD Anderson, member of the Rice Biotech Launch Pad’s clinical advisory board and a senior author on the study. “This opens the door to combination strategies that could amplify immune responses in ways that have not been feasible before.”

5 must-read innovation headlines: Pharma giant considers Houston hub + more

Trending news

Editor's note: With May coming to a close, it's time to look back at the biggest innovation headlines for the second half of the month. Major moves were made in May, with NuScale Power entering the market, Persona AI inking a deal with Under Armour, and a pharma giant considering Houston for its next manufacturing hub. Here are the most-read InnovationMap stories published May 15-29, 2026:

1. Pharma giant considers Houston for $1 billion manufacturing campus

Another pharmaceutical giant is considering Houston’s Generation Park for a manufacturing hub. According to a recent filing with the Texas Jobs, Energy, Technology and Innovation (JETI) program, Bristol Myers Squibb Co. is considering the northeast Houston management district for a new $1 billion multi-modal pharmaceutical manufacturing campus.

2. Modular nuclear reactor co. NuScale Power moves into Houston market

The nuclear energy renaissance continues in Texas with an announcement by NuScale Power. The Oregon-based provider of proprietary and innovative advanced small modular reactor (SMR) nuclear technology announced in April it would be opening office space in Houston’s CityCentre.

3. Persona AI teams with Under Armour to protect next-gen robots

Houston-based Persona AI has cemented a partnership with sportswear manufacturer Under Armour to provide materials to protect future robots operating in dangerous conditions. Through the partnership, Persona AI and Under Armour will launch a research initiative to explore whether advanced performance textiles can improve the durability and resilience of humanoid robots operating in harsh industrial environments.

4. Houston quantum energy chip startup emerges from stealth with $12M round

Houston-based Casimir has emerged from stealth with a $12 million seed round to commercialize its quantum energy chip. The round was led by Austin-based Scout Ventures. Lavrock Ventures, Cottonwood Technology, Capital Factory, American Deep Tech, and Tim Draper of Draper Associates also participated in the round. The oversubscribed round exceeded the company’s original $8 million target.

5. Global summit spotlights Houston's growing role in brain health, innovation

The Center for Houston’s Future and UTMB are bringing the Texas Brain Economy Summit back to Houston this summer to continue to position the region as a global leader in brain health. The summit, held June 9-10 at the Texas Medical Center's Helix Park, will bring together more than 500 executives, researchers, policymakers and innovators from around the world to discuss the global brain economy.

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