Houston university goes global with Parisian outpost announcement

Rice U in France

Pack your bags, Owls. Photo via Rice.edu

Rice University owls are flapping their wings across the Atlantic Ocean in order to open some doors to global education and research opportunities in Europe.

The university announced in a press release that the Rice University Paris Center is holding its ceremonial launch on Wednesday, June 29. The new facility will be housed in a historic 16th-century building in Paris and will be home to Rice-organized student programs, independent researchers, and international conferences, as well as a satellite and hub for other European research activity.

“The ambitions of our university and the needs of the future leaders we are educating require global engagement and perspective,” says outgoing Rice President David Leebron in the release. “The opening of this dedicated overseas facility represents the next step in the long-standing plan we have been pursuing to internationalize Rice and the Rice experience in every dimension.

"This has included welcoming more international students to our campus in Houston, fostering international travel and programs by our students and faculty, and building strong relationships with the best universities across the globe," he continues. "The Paris location offers an incredible range of opportunities, in fields ranging from art and architecture to international business and global relations and politics.”

The Rice University Paris Center will be located in Le Marais in the Hotel de La Faye, a 1500s hôtel particulier that was listed as a historic monument in 1966.

Caroline Levander, currently Rice’s vice president for global and digital strategy, was key in making the new center a reality and will oversee the Rice University Paris Center in her new role as vice president global.

“For our purposes, this building is an ideal educational space conveniently situated in one of the most historically significant areas of Paris,” Levander says in the release. “It looks and feels like a private university campus in the heart of a European capital city, and it reflects how Rice plans to expand its international impact in the coming years.”

Sylvester Turner and a delegation of civic and business leaders from the Greater Houston Partnership will attend the announcement in Paris this week. Per the release, the center, which will have six classroom spaces of various sizes that can accommodate around 125 students, is expected to be ready in January.

“Rice University’s mission statement commits us not only to pathbreaking research and unsurpassed teaching, but also to the betterment of our world,” says Provost Reginald DesRoches, who will transition to Rice’s president in July, in the release. “We’re eager to extend that mission internationally, and the opening of the Rice University Paris Center demonstrates that commitment.”

The Ion has joined the ranks of an international network of hotspots for innovation. Photo courtesy of The Ion

Houston's emerging innovation district gets global recognition from prestigious program

tech hotspot

The Ion Houston has a new feather to add to its cap. Rice Management Company's Midtown innovation hub has been recognized on a global scale.

The Global Network of Innovation Districts has added The Ion District to its network of innovation hubs, and the Ion is the first district in Texas to join. Affiliated with the Brookings Institute, the global organization consists of thought leaders and innovation district developers. With the addition of the Ion, there are 22 members in the Global Network, including the Pittsburgh Innovation District, Cortex Innovation Community in Missouri, Tech Central in Sydney, and Knowledge District Zuidas in Amsterdam.

“GIID’s Global Network is utilizing best practices of world-renowned innovation districts to accelerate regional economies. Their focus on placemaking, startup services, and community engagement are some of the critical components that lead to successful districts,” says Bryson Grover, investment manager of real estate development at Rice Management Company, in a news release. “With GIID, we will continue to think creatively about how the built environment and specialized programming can inform future development and allow equitable access to an ever-changing workforce.”

The Ion, a 266,000-square-foot space in the renovated Midtown Sears building, is the anchor of the district, which also includes Greentown Labs. According to the release, the next building is under construction, with three more projects to begin in the next year. Overall, the build-out of the Ion District will deliver three million square feet of development across 16 acres over the next decade.

“The Ion and the Ion District represent a major commitment and investment in the success of Houston as a center of innovation and a foundation of Houston’s economic future. From the very beginning of our planning, we visited innovation hubs and districts around the country and around the world to make sure that we drew on their experiences and best practices,” says Rice President David Leebron in the release. “And by participating in the Global Network now, the Ion District will contribute to and benefit from a global exchange of knowledge among the very best innovation districts, which complements Rice’s broader international engagements and strategies.”

GIID is a nonprofit dedicated to research on and connecting innovation districts in new geographies of innovation, per the release. Headquartered in New York, the organization was founded in 2018 to help position innovation districts as engines of economic development and spur productive, inclusive, and sustainable environments.

“We’re thrilled for The Ion and Ion District to join our network, especially as it commences its next steps on development later this year,” says Julia Wagner, president of GIID, in the release. “Our team has extensive experience working with unique real estate ventures that aim to transform how communities learn, work, and live. We look forward to playing a part in Houston’s transformation, and as we have documented in innovation districts around the world, having a leader like Rice drive the creation of the district is a key ingredient of its continued and growing success.”

Aramco Americas has been named a founding partner at The Ion. Courtesy of Rice University

Energy company joins Ion Houston as founding partner

new collaboration

A leading energy company has announced a new partnership with an innovation hub in the heart of Houston.

Aramco Americas, the U.S. subsidiary of Aramco, has joined as a founding partner of The Ion. Through the partnership, the two organizations will create educational programming, events, workforce development opportunities, energy transition leadership, and more. The partnership will take place over the next three years.

“The addition of Aramco as a founding partner of The Ion is another step forward in the realization of our vision of The Ion as a globally connected innovation hub that brings new possibilities to the people of Houston,” says Rice University President David Leebron in a news release. “We know the aspiring innovators and entrepreneurs of Houston will benefit from Aramco’s engagement, for which we are grateful.”

Aramco has named Jim Sledzik, managing director of Saudi Aramco Energy Ventures North America, to The Ion Leadership Advisory Roundtable to lead the partnership and help shape programming and offer insights on strategic direction. Aramco will also participate in The Ion Prototyping Lab, which opened earlier this year, and The Ion Investor Studio.

“Aramco’s commitment to innovation is reflected throughout our business operations,” says Nabeel I. AlAfaleg, president and CEO of Aramco Americas, in the release. “Partnerships like The Ion accelerate innovation, champion new ideas, and build a culture to address global energy challenges.”

Aramco joins the Ion’s other founding partners: Baker Botts, Microsoft, and Chevron Technology Ventures.

“I am excited to welcome Aramco as a Founding Partner to expand Houston’s technology and innovation ecosystem,” says Jan E. Odegard, executive director of The Ion, in the release. “Aramco’s involvement not only enables us to continue expanding our support toward inclusive and sustainable economic growth, but expand our reach globally, amplifying Houston as a high-growth technology ecosystem for energy, health, manufacturing, space, and transportation.”

The Ion is a 266,000-square-foot building developed and managed by Rice Management Company and anchors the 16-acre Innovation District in Midtown.

Rice University has set a goal to become carbon neutral in the next several years. Photo via rice.edu

Rice University announces its plans to be carbon neutral by 2030

seeing green

A Houston school has announced its mission to achieve carbon neutrality in the next eight years, and university executives described how exactly they will get there.

Last week, Rice University President David Leebron and Provost Reginald DesRoches wrote a letter describing the university's community as eager to participate in initiatives to stave off climate change on campus.

"Given the commitment of Rice faculty to research and scholarship that supports human knowledge and progress, it is unsurprising that this issue has been addressed from many disciplinary perspectives," the letter reads. "Our faculty, students and staff have a strong desire to contribute to solutions and to see their university as an active participant in the global effort to address climate change and other pressing environmental issues."

Leebron and DesRoches's letter explains how Houston is at the forefront of the energy industry and must continue to lead the sector by developing, implementing and transitioning to clean technologies

"The success of both Rice and Houston are closely intertwined, not only with respect to our future competitiveness but also in our shared vulnerability to the impacts of climate change on the Gulf Coast," the letter continues.

The university outlines four initial strategic focus points, including research, endowment, student leadership, and campus changes.

"By making these commitments we are placing investments in the environment as one of the university’s highest funding priorities," the university explains. "Many of the actions we describe below will require significant financial investment and we will need to determine how best to secure necessary resources and prioritize them among other university endeavors."

The Rice Management Co. Board of Directors meeting in December approved the addition of a sustainability statement. Additionally, RMC and Rice received board approval to become a signatory to the United Nations-supported Principles for Responsible Investment.

On campus, the university will implement several sustainability practices, including:

  • Rice will aim to have its new construction project achieve gold certification level in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) green building rating program.
  • Rice will invest in water efficiency and conservation projects to reduce overall consumption of potable water while also leveraging alternative water sources such as captured rainwater.
  • Rice's sustainability, facilities and finance teams will partner with the Rice Management Co. to identify viable emissions reduction opportunities.

From a research perspective, many faculty members are working on sustainable projects and Rice is offering new funding opportunities for this research.

"In late 2021, the Office of Research launched a 'Sustainable Futures' seed fund through the Creative Ventures Fund program to support interdisciplinary research on the broad range of environmental challenges for which Rice could be a leader," according to the university. "This fund promotes the development of new research or academic partnerships that extend across multiple schools to engage faculty in new and creative scholarship."

The Office of Research received 23 proposals in response to its initial call for proposals, and, according to the release, funding will be increased to support more projects. The Office of Research will announce its second call for proposals later this year.

The letter concludes on a hopeful outlook on Rice University's plans to meet carbon neutrality and help Houston lead the energy transition.

"The actions we collectively take or fail to take as a society this decade will directly impact the well-being and prosperity of future generations as well as ourselves. As a university committed to the discovery, transmission and application of knowledge, we must assure that we are contributing to addressing the most fundamental challenges of our time," reads the letter. "Rice University and Houston have a unique role to play in building that future and we intend to be significant participants and leaders in this ambitious undertaking."

This week's roundup of Houston innovators includes Andrew Bruce of Data Gumbo, Jan E. Odegard of The Ion, and David Leebron of Rice University. Courtesy photos

3 Houston innovators to know this week

WHO'S WHO

Editor's note: In this week's roundup of Houston innovators to know, I'm introducing you to three local innovators across industries — blockchain, education, and more — recently making headlines in Houston innovation.

Andrew Bruce, CEO of Data Gumbo

In a guest column for InnovationMap, Andrew Bruce advocates for securing your network. Photo courtesy of Data Gumbo

Securing your network is extremely important, writes Andrew Bruce in a guest column for InnovationMap. In fact, it could be the difference of success and failure for startup founders.

"Innovation isn't born in a vacuum nor is the adoption of a new technology. Often the broader path to tech disruption is through groundwork and that's a system best laid by a well-connected network," he writes.

Bruce shares his tips in the article. Click here to read more.

Jan E. Odegard, executive director of The Ion

Jan E. Odegard got to drop the "interim" in his title. Photo courtesy of The Ion

Jan E. Odegard isn't a native Houstonian, but his passion for making Houston a destination city — especially when it comes to innovation — is unparalleled. And for the past year and some change, he's used that passion to drive his leadership as interim executive director of The Ion. As of this month, Odegard got to drop the temporary title ahead of the building's grand opening.

Odegard joined the Houston Innovators Podcast to discuss the title change and what has motivated him in his position from day one.

"We have been speaking for the last two years, 'let's build on Houston's DNA,'" he says, "well, we've built this building on the DNA. We are truly trying to amplify the connectivity to the history but serving it for the next 40 to 50 years." Click here to read more.

David Leebron, outgoing president at Rice University

David Leebron's tenure is one of the longest in Rice history. Photo courtesy of Rice University

All good things must come to an end, and Rice University president David Leebron, that time has come after 17 years of service. He has overseen exponential growth of the school's facilities, research initiatives, and student body.

Leebron and the university announced on May 26 that he is leaving his position at the end of the next academic year. His official departure from the presidency will be effective on June 30, 2022, per a press release.

"Ping and I are so grateful for the opportunity we have had at Rice," Leebron noted in a statement. "This is a truly remarkable and dedicated community and it has been a privilege to be part of it." Click here to read more.

David Leebron's tenure is one of the longest in Rice history. Photo courtesy of Rice University

Prolific Rice University president announces end to storied tenure

ADIEU, MR. LEEBRON

For some 17 years, Rice University president David Leebron has overseen exponential growth of the school's facilities, research initiatives, and student body. Now, his tenure is coming to an end.

Leebron and the university announced on May 26 that he is leaving his position at the end of the next academic year. His official departure from the presidency will be effective on June 30, 2022, per a press release.

"Ping and I are so grateful for the opportunity we have had at Rice," Leebron noted in a statement. "This is a truly remarkable and dedicated community and it has been a privilege to be part of it."

In turn, trustees thanked the departing president for his leadership through what they describe as "an era of growth unprecedented" in the university's 109-year history.

"On behalf of the Board of Trustees, I want to express our deep appreciation and esteem for what David has done to transform our university while preserving its core values and community," said Rob Ladd, chair of the board, in a statement. "Over what will be an extraordinary 18 years of service, David has had the vision, courage and determination to improve almost every aspect of this university."

Students especially have benefited from Leebron's oversight. Under his leadership, Rice's student body has grown about 55 percent from 4,855 when he arrived in 2004 to some 7,500 in fall 2020, the school notes. Impressively, by 2025, the population is expected to reach 9,000 — an increase of around 85 percent.

Diversity is also a highlight. Press materials note that between 2004 and 2020, the number of domestic undergraduate students from underrepresented minority groups grew by almost 75 percent.

In effort to expand the university's reach and access to more, Leebron launched the Rice Investment, the financial aid program offering free and reduced tuition to students from low- and middle-income families.

Facilities have also vastly expanded and improved; Rice's current $1.8 billion capital improvement plan includes 29 new buildings, renovations, and other construction projects.

Linking the school to its home city, Leebron's most recent strategic plan, the Vision for the Second Century, Second Decade, aims for the Rice "to engage with and empower the success of the city of Houston."

The university, under Leebron's guidance, has launched myriad initiatives, centers, and programs. A recent success is The Ion, the centerpiece of an innovation district now under development in Houston's Midtown area.

Philadelphia-born and Harvard educated, Leebron is only the seventh president in Rice's long history. His tenure is second only to the university's founding president, Edgar Odell Lovett, who held the post for 34 years.

A search committee will be formed to find the university's next president, the school announced.

"I am proud of so many things that we've accomplished at Rice," Leebron continued in a statement. "But I'm especially proud of the community's constant desire to provide greater opportunities and address the most important challenges facing our city, our country and our world."

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This article originally ran on CultureMap.

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Houston ranks among world’s top 30 emerging startup ecosystems

Startup Status

Long known as the Energy Capital of the World, Houston also ranks among the world’s top 30 emerging startup ecosystems, according to a new report.

The report from Startup Genome, a research and advisory organization, doesn’t assign a specific numeric ranking to Houston’s startup ecosystem. Rather, it puts Houston in the ranking range of 21 to 30 for emerging ecosystems. Startup Genome weighed factors such as early-stage funding, performance and talent to identify the top emerging ecosystems.

Houston also gained notice for being one of the world’s 20 emerging ecosystems with at least four unicorn startups in the past 10 years. Houston and nine other ecosystems each had four unicorns.

According to StartupBlink, a startup research platform, Houston’s startup ecosystem grew 24 percent in 2025, with over 1,300 startups and total startup funding exceeding $808 million. StartupBlink places Houston at No. 46 among the world’s top 100 startup ecosystems.

In a recent post on LinkedIn, David Horsup, executive in residence at the Rice Alliance Clean Energy Accelerator, wrote that Houston “has all the ingredients to be wildly successful if it stays true to its differentiated pillars that drive the economy — energy, medical, and aerospace.”

Mumbai topped Startup Genome’s list of emerging ecosystems, followed by Istanbul, Madrid, Salt Lake City-Provo and Barcelona. After Salt Lake City-Provo, the top U.S. ecosystems were Phoenix, Detroit, Minneapolis and Las Vegas.

Silicon Valley led Startup Genome’s ranking of the world’s top established ecosystems, followed by New York City, London, Tel Aviv and Boston. Austin landed at No. 18 in this category and Dallas at No. 27.

“For much of the past decade, this report has chronicled the welcome dispersion of opportunity beyond the traditional hubs,” Startup Genome writes. “That trend has not died — but it has been complicated. Capital and scale are consolidating once more, particularly in the United States, and the gap between leading and emerging ecosystems is widening.”

KBR names C-suite duo to lead $5.3B government services spinoff

new leaders

In advance of the spinoff of its Mission Technology Solutions unit, Houston-based KBR has made two C-suite hires for the new business.

Michael LaRouche is coming aboard as president and CEO of the spinoff, currently called SpinCo, on Sept. 26. Nicholas Veasey is joining as executive vice president and chief financial officer on July 1.

“Michael and Nick bring a highly complementary combination of operational leadership, financial expertise, and mission-driven experience, and together they will accelerate our impact for stakeholders,” Stuart Bradie, chairman, president and CEO of publicly traded KBR, said in a news release.

LaRouche currently is CEO of Serco North America, a Herndon, Virginia-based government services contractor. Veasey most recently was CFO of MAG Aerospace, a Fairfax, Virginia-based defense contractor.

SpinCo, a government services contractor, will launch with more than $5.3 billion in annual revenue and 20,000 employees. KBR’s total headcount is around 36,000. Branding for SpinCo, including a formal name, will be revealed in July.

“SpinCo is positioned as a top-tier provider of differentiated technology solutions, anchored by deep mission expertise, global scale, and a relentless commitment to delivering for our customers,” LaRouche says.

After the spinoff, the slimmed-down KBR will focus on its Sustainable Technology Solutions business, a provider of energy and industrial technology that generated $2.5 billion in revenue in 2025. Bradie will remain chairman, president and CEO of the business.

Both SpinCo and the new KBR will be public companies. The spinoff is scheduled to be completed in January.

Experts: Houston's VC ecosystem has set the foundation — now we need scale

guest column

Fervo Energy went public earlier this summer. The Houston geothermal company priced its IPO at $27 per share, raised $1.89 billion, and opened the next morning at a market capitalization north of $10 billion. By most measures, it is the largest venture-backed cleantech IPO in history and an unambiguous win for Houston. It’s also a useful moment to look at where Houston's venture ecosystem stands and where it can go. The highlight: Houston's venture ecosystem has real foundations and, with increased company formation activity, can grow into the scale our city's ambitions deserve.

A Houston energy story in the national recovery

The recent uptick in Houston venture activity follows national trends. U.S. venture deal count contracted roughly 22 percent from its 2021 peak through 2024 before rebounding to about 16,700 rounds in 2025. Houston's 23 percent increase in VC funding from 2023 to 2024 is part of a national recovery of comparable magnitude over the same time window.

The energy sector is where Houston exhibits unique trends—and where the story turns clearly positive. (Houston's strong health and space sectors deserve their own separate consideration.) By deal count, energy-related rounds have accounted for 15 to 20 percent of Houston activity, roughly consistent over the past few years.

By capital, energy's share surged from about 14 percent in 2023 to over 60 percent in 2025, driven by a small number of large Houston-headquartered rounds, primarily in geothermal and related technologies. Fervo is the obvious anchor, but Sage Geosystems, Quaise Energy, Zeta Energy, Vaulted Deep, Applied Carbon and Mariana Minerals have all closed meaningful rounds. Houston is concentrated and accelerating as an energy capital market, an invaluable position to build upon.

From foundation to scale

The institutional pieces are in place. Greentown Labs, Activate, the Ion and others have built sector-specialized infrastructure most cities would struggle to assemble. Fervo itself is an alum of both Activate and Greentown Labs. Mercury Fund closed its $160 million Fund V, its largest ever. Houston Angel Network, GOOSE Capital, Fathom Fund, and broader pre-seed and seed capital coverage are here. The Houston $10 million-plus Series A list now includes 40 rounds since 2021, which break roughly into two eras. While 2021 to 2022 was biotech-heavy, with companies like Sporos Bioventures, RadioMedix, Cellenkos and Coya Therapeutics, 2024 to 2025 has tilted clearly toward energy, climate, and critical minerals, with Vaulted Deep, Applied Carbon, Mariana Minerals, Sage Geosystems and Ignis H2 Energy among them.

What’s less developed is the volume of seed-stage companies flowing into that capital. Imagine a dozen more Fervos coming out of that infrastructure over the next decade, each generating jobs, recycled founder capital, and the next wave of operators and angel investors. That is the kind of opportunity Houston has within reach if we build the company-formation pipeline to feed it. To be relevant on the national stage as a venture market, and to drive an economy the size of Houston's into the 2030s, the city needs to be doing closer to 20 Series A rounds per month rather than per year. That throughput implies roughly 1,000 seed rounds per year, feeding the funnel at a 20 percent to 30 percent graduation rate. Reaching such throughput depends on how many new founders Houston produces and how quickly our innovation ecosystem can help them achieve lift-off.

Houston in context

The comparative picture brings the scaling challenge into focus. Between 2021 and 2024, Houston-area startups closed between 126 and 153 disclosed venture rounds per year, against a national count between 9,854 and 14,125. That places Houston at a little over 1 percent of the U.S. deal count. For comparison, Austin ran about three times Houston's deal count each year.

At the Series A level, Houston closed between 12 and 24 rounds in any given year. The median Houston Series A across the period was about $10.7 million, compared with $15.4 million in San Francisco. Houston founders are raising fewer and smaller Series A rounds than founders in peer metros, which points directly to where Houston has the most room to grow.

The unicorn picture tells the same story. From 2021 through 2025, the U.S. produced 590 venture-backed unicorns. Four were Houston-based: Solugen and Axiom Space in 2021, Cart.com in 2023, and Fervo Energy in 2024. Adding HighRadius from 2020 brings Houston's all-time total to five. Austin added 19 over the same five-year window. The path from here is to make Houston's entries on lists like these less the exception and more the rule.

Where this leads

Houston has a real opportunity to become the deepest, most credible energy and climate capital market in the country, with the company formation, talent and operator density to support it. The data shows the foundation is already in place. Fervo, Solugen and the growing roster of energy-adjacent Series A graduates are proof. Fervo's IPO is the first of what should be many. Houston has not had a venture-backed cleantech liquidity event of this scale before, and the city now has one to reference, recruit against and build on. With increased company formation at the seed and pre-seed stages, a Fervo-scale outcome need not be a generational event in Houston, but instead, it can become part of a chain reaction powering the city's economy.

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Stephanie T. Schmidt, PhD, is the founder of a stealth startup, a Venture Fellow at Energy Transition Ventures, and an Executive MBA candidate at Rice University's Jones Graduate School of Business. Lawson Gow is the Chief Operating Officer of Greentown Labs. The full Houston VC landscape report is available at Energy Transition Ventures and CleanTech.Org.

Sources: Crunchbase, PitchBook-NVCA, Carta
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