Chevron unveils new space at the Ion, Houston startup granted $1.25M, and more local innovation news

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Chevron Technology Ventures completed the build out of its new office in the Ion — plus more local Houston innovation news. Photo courtesy of Gensler

Houston is buzzing with local startup and innovation news lately, and there might be some headlines you may have missed.

In this roundup of short stories within Houston startups and tech, Chevron Technology Ventures reveals their Gensler-designed office in the Ion, a Houston startup received a grant from the Air Force, and more.

Chevron reveals completed Ion office

CTV now has an office at The Ion. Photos courtesy of Gensler

Chevron Technology Ventures tapped Gensler to design its office in The Ion. According to Gensler, the office was designed to be "an innovative think tank and collaboration space within The Ion for its employees, and for interfacing with external consultants, partners, and vendors."

Per Gensler, some of the design elements of the office space includes:

  • Chevron-branded biophilia wall, accented with various artifacts showcasing Chevron’s rich history in the energy industry
  • Multiple meeting rooms for internal teams to collaborate on projects, for vendors to conduct demos and test emerging technologies, or to host case competitions, recruiting events, and more
  • A dedicated recording studio with state-of-the-art acoustics and lighting serves as a hub for bringing videos and podcasts to life
  • A coffee bar and social area

HTX Labs receives $1.25M Air Force grant

HTX Labs' EMPACT product will be further developed to support the Air Force. Image courtesy of HTX Labs

HTX Labs, a Houston-based company that designs extended reality training for military and business purposes, announced earlier this month that it has been awarded a new $1.25 million Small Business Innovation Research Phase II contract with US Air Force Global Strike Command to enhance its product, EMPACT Immersive Learning Platform, to facilitate collaborative, multi-role immersive learning capabilities in support of maintenance training for the B-52 aircraft.

“HTX Labs is excited to expand our presence into Global Strike Command and take on the challenge to aid Global Strike with its mission to produce highly qualified, engaged, and prepared Airmen. Our main objective with this SBIR award is to build on the success of the immersive training programs we have helped drive within AETC, and bring those successful results along with lessons learned over to Global Strike," says Chris Verret, president and co-founder, HTX Labs, in a news release.

"When coupled with EMPACT’s no-code immersive content authoring tools, this capability will support just-in-time mission training, enabling delivery of the right training at the right time – across geographically disparate locations to the Airmen who need it,“ he continues.

The goals of the project is to "increase throughput of the training pipeline, lower overall training costs, and produce more fully mission-ready Airmen," according to the release.

Scott Schneider, co-founder of the company, recently joined the Houston Innovators Podcast to discuss how he and his team have tapped into the military sector. Click here to listen.

Pitch competition reveals

Here's who will be pitching at The Cannon later this month. Photo courtesy of The Cannon

Dell for Startups is bringing a pitch competition to The Cannon on Wednesday, June 29, and the eight companies who will be pitching for cash prizes were announced.

Here's what Houston companies will take the stage:

The judges for the competition are Andrea Course of Shell Ventures, Sunny Zhang of Born Global, Joey Sanchez of The Ion Houston, Sharita Humphrey of Black Girl Ventures, and Megan Wright and Lucas Chaya Del Pino of Dell Technologies.
The event begins on Wednesday, June 29, at 4 pm with a panel discussion, and the pitch competition will begin at 5:30. Click here to register.

Houston artist completes Greentown Labs mural

Hannah Bull painted a mural depicting the future of climatetech on Greentown Houston's building. Photo courtesy of Greentown

Houston artist Hannah Bull was selected and commissioned by Greentown Labs to paint a mural on the outside of Greentown Houston. The project wrapped up and the mural, entitled “Powering the Future Through Climatetech,” can be found on east exterior wall. Watch a timelapse of the painting by clicking here.

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Houston startup raises $6M to scale home-based healthcare platform

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As healthcare systems race to expand care beyond hospitals and into the home, investors are placing bigger bets on the infrastructure needed to make that shift possible.

This month, Rosarium Health announced it has raised $6 million in seed funding led by Kalos Ventures, with participation from ResilienceVC, Rock Health Capital, Symphonic Capital, Black Tech Nations Ventures and others.

The investment will help the Houston-based startup continue to build its platform, which features a national network of 800-plus clinicians and 3,000-plus contractors to coordinate home accessibility upgrades and modifications for seniors and people living with disabilities.

For founder and CEO Cameron Carter, the company’s mission grew out of firsthand caregiving experiences.

“From my own personal caregiving experiences, I realized that the benefits exist on paper, but not in reality,” Carter said in a news release. “Families are being left to figure out the paperwork and installations all on their own, which shouldn’t be how this works.”

While Medicare Advantage and Medicaid plans have expanded coverage for home-based services and accessibility modifications, the logistics behind delivering those services often remain fragmented.

Rosarium’s platform coordinates the entire process, from clinical assessments and referrals to contractor management, documentation, reimbursement and installation.

“A clinician can document that a home isn’t safe and a plan can approve a benefit, but there’s no one that’s responsible for making sure the work actually gets done,” Carter says. “We built the missing piece.”

The company was founded in 2021 as Rose Health and was a 2023 participant in the Texas Medical Center’s Accelerator for HealthTech program. It has scaled quickly, building a network of more than 800 clinicians and 3,000 contractors across 34 states.

Rosarium is currently in-network for 1.2 million Medicare and Medicaid lives, with projected coverage expected to reach nearly 4 million by the end of the year, according to the release.

“We’re excited to back Cameron because he and the team at Rosarium are building the infrastructure healthcare needs right now to make the home a safe and comfortable place of care,” Kate Ballinger, investor at Kalos Ventures, added in the release.

As part of the recent investment, Ballinger will join Rosarium’s board of directors.

With eyes on the future, Rosarium plans to grow its partnerships with Medicaid and Medicare Advantage plans, including CalViva and Community Health Plan of Imperial Valley, strengthening its presence in California while expanding access to underserved communities.

Additionally, Carter predicts that home-based healthcare will be part of a broader transformation happening across the industry.

“There’s a growing recognition that health outcomes are shaped by what happens in the home,” he said in the release. “The future of healthcare isn’t just treating people after something goes wrong. It’s creating environments that help prevent those problems in the first place.”

Houston business mogul Tilman Fertitta acquires Caesars in $17.6B deal

Money Moves

Houston billionaire Tilman Fertitta may currently be serving as America’s ambassador to Italy, but his company is as busy as ever. Fresh off its move to revive the Houston Comets WNBA franchise, his company, Fertitta Entertainment, has announced a $17.6 billion deal to acquire Caesars Entertainment, Inc.

Speculation about the deal has been circulating since at least March, according to various media reports. The deal combines Fertitta’s well-known Golden Nugget casino brand with all of the properties in the Caesars’ portfolio, including Las Vegas hotels Caesars Palace, Harrah's, Paris Las Vegas, Planet Hollywood, Horseshoe, The LINQ Hotel, Flamingo, and The Cromwell.

Overall, the combined company will include 60 domestic casino resorts and gaming facilities; online gaming including sports betting, iCasino, and Caesar’s online poker platform; retail sports betting at over 200 third-party locations through the William Hill brand; and over 550 Fertitta Entertainment outlets, including more than 450 Landry's full-service restaurants across America. The companies will combine their loyalty programs, Caesars Rewards, Golden Nugget's 24 Karat Select Club, and Landry's Select Club.

The terms will see Caesars’ shareholders receive $31 per share. Fertitta Entertainment will also acquire approximately $11.9 billion of Caesars' outstanding debt.

The transaction will be financed through a combination of equity contributed by Fertitta Entertainment, assumed Caesars' debt, and new committed debt financing arranged by a group consisting of 10 banks. It is subject to approval by Caesars’ shareholders and government regulators.

Fertitta Entertainment is the Houston-based company behind a diverse array of hospitality businesses, including The Golden Nugget, The Post Oak Hotel, River Oaks District, the Kemah Boardwalk, and Houston’s Downtown Aquarium.

It also operates a number of prominent restaurant brands, including Mastro's Restaurants, Del Frisco's Double Eagle Steakhouse, Morton's The Steakhouse, The Palm, McCormick & Schmick's, Landry's Seafood House, The Oceanaire Seafood Room, and Saltgrass Steak House.

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This article first appeared on CultureMap.com.

4 Houston-area institutions get $8M for cancer research facilities

fighting cancer

Cancer research capabilities in the Houston area just got an $8 million boost.

On Wednesday, May 20, the Cancer Prevention and Research Institute of Texas (CPRIT) awarded $8 million in grants to institutions in Houston and Bryan for the creation or expansion of so-called “core” cancer research facilities.

“Core facilities provide shared access to advanced technology, equipment, and scientific expertise that may not be available at every institution,” CPRIT says. “These core facilities are vital to not only cancer research but also to the study of diseases beyond cancer.”

Houston-area recipients of these $2 million grants are:

  • A facility at the University of Texas Health Science Center for preclinical support of cancer researchers in Texas to evaluate new safe, effective drugs and drug combinations.
  • The Accelerator for Cancer Therapeutics, operated by Houston’s Texas Medical Center Foundation. The accelerator helps researchers and startups move innovative cancer treatments from the lab to clinical trials.
  • Rice University’s Genetic Design & Engineering Center in Houston. The center enables researchers to collaborate on studies of custom DNA for cancer treatment.
  • A facility at the Texas A&M University System’s Health Science Center in Bryan that aims to speed up the development of cancer therapies.

In addition to those grants, the University of Texas M.D. Anderson Cancer Center, Methodist Hospital Research Institute, Baylor College of Medicine, and Rice University shared $21 million to recruit cancer researchers from other institutions.

The largest of those grants—totalling $4 million—went to M.D. Anderson for the recruitment of renowned cancer researcher Andre Nussenzweig from the National Institutes of Health. His research focuses on how DNA damage and faulty DNA repairs lead to cancer.

Here are the totals for the other CPRIT grants awarded in the Houston area:

  • $12.8 million to Houston-based Indapta Therapeutics for the development of an off-the-shelf therapy that naturally kills cancer cells, combined with an immunity-targeting agent for a type of leukemia.
  • $11.1 million to MD Anderson, including $5 million for a statewide platform to improve long-term health outcomes in adolescents and young adults who survived cancer.
  • $8.4 million to Baylor College of Medicine, including $4.8 million for two training programs for cancer researchers.
  • $6.25 million to UT Health Houston, including $4 million for a biomedical informatics and genomics training program for cancer researchers.
  • $4.4 million to the Texas A&M Health Science Center’s Houston campus, including $2.4 million for a cancer therapeutics training program.
  • $2.75 million to Rice, including $250,000 for a study of ovarian cancer.
  • $2 million to Houston-based March Biosciences for the development of a targeted therapy for treating T-cell lymphoma.
  • $1.15 million to the University of Houston, including $900,000 for a platform for detection of lung cancer.
  • $900,000 to Texas A&M in Bryan to conduct clinical drug trials in rural and underserved communities around the state.
  • $800,000 to Houston- and Israel-based Xerient Pharma for the development of an oral form of a cell-protecting drug called amifostine to protect the upper GI tract from radiation damage during pancreatic cancer treatment.
  • $659,000 to Missouri City-based OmniNano Pharmaceuticals for the development of a two-drug combination to treat the most common form of pancreatic cancer.
  • $250,000 to the University of Texas Medical Branch at Galveston for a novel therapeutic to prevent colitis-related colorectal cancer.
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