Tom Luby will run the Texas Medical Center's Innovation Institute. Courtesy of TMC
The Texas Medical Center didn't have to go very far to find its new Innovation Institute director. Tom Luby, who most recently served as the site head for Johnson & Johnson Innovation's JLABS @ TMC, has been hired for the position.
"I am very excited to begin the next chapter in my journey at TMC Innovation," Luby says in a release. "My time at JLABS @ TMC has shown me the tremendous opportunity there is to work with a host of talented people and companies here in Houston. Now, I'm ready to expand my role and help take TMC Innovation as a collective unit to the next level."
Luby replaces Erik Halvorsen, who left abruptly in December. According to LinkedIn, Halvorsen is now the chief business and strategy officer for Houston-based FAR Biotech, for which he previously served on the board of directors. Lance Black, associate director at TMCx, served as the director in the interim for the past few months.
Prior to JLABS, Luby was in Boston at Johnson & Johnson and served as the new ventures lead. He has 14 years of research and design experience in the Boston area.
TMC as an organization has a lot up its sleeves, says President and CEO Bill McKeon in a release, and he trusts Luby to take the lead on innovation.
"With major developments in 2018, including the announcement of the forthcoming TMC3 translational research campus, Texas Medical Center is now on the fast track to becoming the third coast for life sciences, and TMC Innovation is a critical component in the ultimate realization of this goal," says McKeon. "Tom Luby is an outstanding individual, and his proven track record working with startups in Boston and within the walls of JLABS @ TMC will serve him well as he leads us through the next evolutionary phase of the TMC Innovation Institute."
Luby will oversee the med center's accelerator program, TMCx, which is currently in the midst of its eighth cohort.
Houston has just been named an emerging life sciences hub by CBRE. The recognition took job growth and lab space into consideration for the ranking.
Among this week's top stories is a feature on a Houston-based startup aiming to be the Uber or Lyft of personal trainers. Courtesy of Kanthaka
Editor's note: Houston saw big shake ups at some major innovation institutions this week, which made for some trending stories. And, per usual, readers enjoyed learning about local entrepreneurs fighting the good fight with their organizations.
Station Houston announces its transition into becoming a nonprofit
Station Houston's stakeholders voted in favor of the organization transitioning to a nonprofit. Station Houston/Facebook
Houston's startup scene just got a little more accessible. Station Houston's stakeholders voted to transition the organization to nonprofit status from the C-corp status it currently holds. The status change is effective January 1, 2019, for the acceleration hub, which is based in downtown Houston. The news was announced to its members in an email sent on December 13. Read the full story here.
Houston entrepreneur creates a network to link up with other blockchain professionals
The Houston Blockchain Alliance aims to connect and educate tech professionals in town. Getty Images
Houstonians traveling around the country might covet other cities for their mountain scapes, beaches, or more mild summers, but Mahesh Sashital envied the fact that other major cities had developed networks and organizations focused on connecting and educating tech professionals. Houston, it seems, was late to the party.
These energy startup leaders are the reason Houston will keep its "energy capital of the world" title. Courtesy images
Houston's known as the energy capital of the world, but it won't stay that way if the city as a whole doesn't work toward innovation. These three professionals started their own companies to improve efficiency and promote ingenuity in their fields. From drones and AI to quicker pipeline data access, this week's three innovators to know are the future of the energy industry. Read the full story here.
TMC Innovation Institute leader leaves the organization
Erik Halvorsen has reportedly left his position at the TMC Innovation Institute. Courtesy of TMC
Erik Halvorsen, director of the Texas Medical Center's Innovation Institute, has left his position, according to multiple reports.
TMC's medical device innovation team lead, Lance Black, was named as the interim replacement for Halvorsen, according to Xconomy. Black has been with TMC for almost two years. Read the full story here.
Get on-demand personal training from Houston-based app
Houston-based Kanthaka is the Uber or Lyft of personal training, and has recently expanded into the Austin market. Courtesy of Kanthaka
As a busy lawyer who traveled heavily for work, Sylvia Kampshoff found her workouts were often overlooked as she went from city to city, a casualty of long hours and a busy schedule. And, even though she did have a membership to a national gym with privileges at any of its locations, she hated the feeling of always being sold something and disliked that both the trainers and managers she worked with took very little interest in her personal needs and fitness goals.
She wanted something that allowed her to exercise with someone on her own schedule, and with people who valued customer service. That's how the idea for Kanthaka was born. Read the full story here.
Erik Halvorsen has reportedly left his position at the TMC Innovation Institute. Courtesy TMC
Erik Halvorsen, director of the Texas Medical Center's Innovation Institute, has left his position, according to multiple reports.
TMC's medical device innovation team lead, Lance Black, was named as the interim replacement for Halvorsen, according to Xconomy. Black has been with TMC for almost two years.
Neither Halvorsen nor Black could not be reached for comment. This article will be updated as more information becomes available.
Halvorsen has lead the organization since 2015. Before that, he worked in various health technology focused roles in Boston. He oversaw TMC's accelerator program, TMCx. The program graduates around 20 companies per cohort, and there's two cohorts each year — one focused on medical devices, which just concluded with the Nov. 15 Demo Day, and the other, which is about to launch, focused on digital health. TMCx was recently given silver recognition from the Seed Accelerator Rankings Project.
"One of the things that I knew moving to Houston from Boston was that the investment environment for life sciences wasn't as robust as Boston," he said in that interview. "I knew coming in that was going to be a bit of an issue. I also felt like we had the raw materials, that if we ran our program the right way and attracted those companies we needed, the dollars would flow. And that's really been the case."
These three entrepreneurs didn't see their careers coming. Courtesy photos
The career paths of startup or innovation leaders isn't usually a direct path. All three of this week's innovators to know took a roundabout way to their current gigs, which included a leap of faith or two for each of them. If their winding careers are any indication, they've got more exciting leadership ahead.
Youngro Lee, CEO and co-founder of NextSeed
Courtesy of NextSeed
Starting off on Wall Street as a private equity lawyer, Youngro Lee knows money. And he knew when the Jobs Act went into effect several years ago, there was a huge opportunity for companies to raise money from non-accredited individual investors, rather than just the super wealthy private investors. He left his legal career to leverage this new law to start NextSeed, which is a platform for businesses to raise capital for from anybody. Read more here.
Jane Henry, founder and CEO of SeeHerWork
Courtesy of SeeHerWork
Jane Henry watched as her glove flew right off her hand when she was cleaning up after Hurricane Harvey — her house got three feet of mud, and she got the idea for her company. SeeHerWork goes above and beyond the normal "pink it and shrink it" approach to women's workwear. Henry wants to see female workers with better fitting safety gear. Read more here.
Erik Halvorsen, director of the TMC Innovation Institute
Courtesy of TMC
As a kid, Erik Halvorsen wanted to be a doctor — he even took the MCAT and was on track for med school. He decided to look into other avenues that combined his passion for medicine and his entrepreneurial spirit. As director of TMCx, he helps innovative medical technologies become standard practice in hospitals. Read more here.
Erik Halvorsen describes himself as an impatient guy, which is why, rather than wait for Houston's medical startup culture to evolve to meet Boston's or Silicon Valley's, he's taking steps to change it now.
"The reality is Houston is not Boston or Silicon Valley, and it comes down to a couple things: access to capital and the pool of entrepreneurs running around," says Halvorsen, director of the TMC Innovation Institute.
But the Texas Medical Center is looking to change that in the health care sector with TMCx, its accelerator.
TMCx was recently given silver recognition from the Seed Accelerator Rankings Project. While it's an impressive feat, Halvorsen envisions TMCx rise through the ranks of that award over the next few years.
"For us, we're kind of competing with ourselves to be as good as we possibly can be."
TMCx graduates around 20 companies per cohort, and there's two cohorts each year — one focused on medical devices, which just concluded with the Nov. 15 Demo Day, and the other, which is about to launch, focused on digital health.
InnovationMap: How did you get your start in your industry?
Erik Halvorsen: From as young as I can remember, I wanted to be a medical doctor. Fast forward, all through undergraduate, I was pre-med. Took the MCAT, scored in the 99 percentile, but when it came time to apply to medical school, I chose not to. I ended up applying to a "tweener program" at the Medical College of Virginia in Richmond, and they had these master's programs where you would take all the first year's classes of medical school and do research in a particular discipline. I was doing research in biochemistry. I go through that whole program, and then I still wasn't sure I wanted to be a doctor or go to medical school, but I liked research. I got offered a full scholarship to do a Ph.D. program at the University of Virginia, but I didn't love being in the lab. I found an ad somewhere about an internship at the UVA Patent Foundation. It was basically taking early stage innovation, discoveries, and IP out of universities and medical centers and turning them into products, and what that's look like — whether it was startup companies or corporate partners, and that's when the lightbulb went off for me. I was really good at speaking the science to the business side, and then speaking the business and finance side to the scientists and doctors. The rest of my career became some version of playing in that in between space in helping translate ideas to ultimately get to the big companies and ultimately in the market to help patients.
IM: In your role at TMCx, you oversee the accelerator and what companies make it in. What does TMCx look for in its cohort?
EH: What we're looking for is what we think is cutting edge, and truly innovative addressing an unmet need. We consult with a lot of the hospitals here. I ask them what's keeping them up at night. That list helps me select the companies. If I see companies that are making cool products that meet one of these unmet needs in TMC, then I know that company will get traction if they were in town, and that's important.
IM: What's the process of picking the companies?
EH: We'll get 200 to 300 applications and interview about 75 companies for the 20 to 25 spots. When we interview, we get at what is their understanding of the current practice, competitive landscape, etc. It's also a good chance for us to glean a little bit of the personality of the teams we're bringing in. We learned a long time ago that we don't want to work with assholes. We go a long way to find the people who are in it for the right reasons. You have to be really smart and confident — you've got to be pretty self confident if you're think you're bringing a solution to a problem that no one has success doing before. But it has to be self confidence without arrogance.
IM: What's the economic impact of the accelerator?
EH: I think we're clearly a major piece of the Houston ecosystem. JLabs has 50 companies under their roof, and when you add TMCx and the coworking space, we have about 100 health care companies under our roof. When you think about the companies that came through our program, that's a total of 250 companies. Those companies are important to the ecosystem because they are out there telling the world about Texas, the medical center, and Houston. Their word of mouth is the reason we see the volume and the quality of the applications going up each year. A lot of our companies choose to stay in Houston.
IM: What sets TMCx apart from its competition?
EH: We don't take equity. That sets us apart. I think this is a major reason we've been able to attract companies that are more advanced — still startups, just far down the path. Those of the kinds of companies who would never consider an accelerator program that asks them to give up equity.
IM: Where does Houston's innovation sector have room for improvement?
EH: One of the things that I knew moving to Houston from Boston was that the investment environment for life sciences wasn't as robust as Boston. I knew coming in that was going to be a bit of an issue. I also felt like we had the raw materials, that if we ran our program the right way and attracted those companies we needed, the dollars would flow. And that's really been the case.
Another area we have to grow is international collaborations. We already have a high percentage of international applicants, but now we're trying to build these biobridges to other ecosystems where we can collaborate on two areas: research and innovation commercialization.
IM: What all are you excited about seeing from TMC3?
EH: I think it's really unique to Houston to bring all of these elements together in what I think is a well-designed manner. It will really transform the city. You're going to have big industry down there — a lot of those conversations are still ongoing. I mean, 116,000 medical employees and 10 million patients a year, these big health care companies want to be close to that.
This will be another way we can accelerate what we learn in the lab to treatment for patients. I'm really excited about it, and I think the startup companies we continue to bring to Houston and nurture in the TMC Innovation Institute will be a major part of bridging that gap between research and discovery to the big companies that will bring that product to market.
IM: What advice do you have for health-related startup companies?
EH: There are plenty of studies that have been done that have shown that the main reason companies fail is that there's no market for their product — and that's industry agnostic, but it's definitely true in health care. What we spend a lot of time in our program is helping the companies evaluate that and understand what their product market is — and really validating that people are going to use it and, more importantly, people are going to pay for it.
My advice would be not to just assume there's a need. Go figure out how to validate that it's a better technology and that people will use it and buy it.
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Portions of this interview have been edited.
TMCx was nationally recognized by Seed Accelerator Rankings Project. Courtesy of TMCx
The Texas Medical Center has once again received national acclaim — this time, for its innovation.
Seed Accelerator Rankings Project selected TMCx for a "Silver" distinction in its 2018 awards. SARP evaluated accelerators' success and selected 25 honorees in four categories — Platinum Plus, Platinum, Gold, and Silver. The distinction is aimed to help startups navigate accelerators and find the ones of quality.
SARP objectively measures the impact of these accelerator programs, says Erik Halvorsen, director of the TMC Innovation Institute. There simply isn't non-biased information about accelerators out there. Most startups are forced to rely on marketing materials from the programs.
"One of the things I say often is, 'If you see one accelerator, you've seen one accelerator,' meaning they are all different," Halvorsen says. "There are so many out there, and it can be confusing for startups who think they are all the same."
Now in its fifth year, SARP collected sensitive information, such as fundraising and valuations, and evaluated each accelerator to select the top 25.
The TMCx accelerator program has two cohorts a year, alternating between digital health and medical device focuses. Currently, TMCx has 23 medical device companies participating in the accelerator. Halvorsen says what sets TMCx apart is its focus on medicine, but also the fact that the accelerator doesn't take equity of its companies. Other programs require anywhere from 3 to 7 percent equity in the company in exchange for participation.
"I think this is a major reason we've been able to attract companies that are more advanced — still startups, just further down the path. Those are the kinds of companies who would never consider an accelerator program that asks them to give up equity."
This is the first year TMCx has made it on to the SARP listing, but Halvorsen says it won't be the last.
"I love the fact that there's still a couple levels above where we're ranked, so we definitely have something to shoot for as we grow and improve our program," he says. "For us, we're kind of competing with ourselves to be as good as we possibly can be."
TMCx's fall cohort participants showcase their work in a final presentation called Demo Day, which is on November 14.
A national startup accelerator has announced its fifth local cohort, which includes five Houston companies participating in the spring 2022 class.
Madison, Wisconsin-based gener8tor has announced today the five participating startups in gBETA Houston. The program will be led by Muriel Foster, the newly named director of gBETA Houston, which originally launched in Houston in 2020 thanks to a grant from from the Downtown Redevelopment Authority.
The program, which is designed to help guide early-stage startups find early customer traction, connect with mentors, and more, is based in the Downtown Launchpad, and is free and does not take equity in the participating companies. The cohort kicked off on April 21 and concludes on June 10.
The new cohort includes:
Founded by CEO Steffie Thomson a year ago, Getaway Sticks has designed a shoe that gives women the painless support they need using athletic foam to create a shoe that gives women the painless support they need. Getaway Sticks provides the solutions to women’s #1 wardrobe complaint of high heel pain. Since launch, the company has earned over $35,000 in revenue from over 150 customers.
Through a combination of software and hardware technology, LocBox is rethinking the shopping experience for online and local purchases. If you shop, ship, or have food delivered to your house, LocBox will make your life easier. Led by CEO Sterling Sansing, LocBox has previously participated in the Texas A&M MBA Venture Challenge.
SpeakHaus is focused on equipping young professionals and entrepreneurs with public speaking skills through its on-demand training platform and group coaching program. Since launching in October 2021, SpeakHaus has facilitated 6 corporate trainings and coached 61 business leaders generating over $49,000 in revenue. The company is led by CEO Christa Clarke.
Led by CEO LaGina Harris, The Us Space is creating spaces intentionally for women of color, women-led businesses, and women-centric organizations. Since launching in June 2021, The Us Space has created partnerships with more than a dozen community organizations, sustainable businesses, and organizations creating positive economic impact in the City of Houston.
Founded in August 2021, Urban Eatz Delivery is a food delivery service app that caters to the overlooked and underrepresented restaurants, food trucks, and home-based food vendors. Urban Eatz Delivery has earned over $88,000 in revenue, delivered to over 2,000 users, and worked with 36 restaurant and food vendors on the app. The company is led by CEO D’Andre Good.
“The five companies selected for the Spring 2022 cohort tackle unique problems that have propelled them to create a business that solves the issues they once faced," Foster says in a news release. "From public speaking, apparel comfort, and food delivery from underrepresented restaurant owners, these founders have found their niche and are ready to continue to make an enormous impact on the Houston ecosystem."
it's Foster's first cohort at the helm of the program. A Houston native, she has her master’s in public administration from Texas Southern University and a bachelor’s in marketing from Oklahoma State University. Her background includes work in the nonprofit sector and international business consulting in Cape Town, South Africa, and she's worked within programming at organizations such as MassChallenge, BLCK VC, and now gener8tor.
The program is housed at the Downtown Launchpad. The five startups will have access to the space to meet with mentors, attend events, and run their companies.
"Creating (the hub) was a little like a moonshot, but it’s paying off and contributing enormous impact to the city’s economy. The five startups selected for the gBETA Houston Spring cohort will continue that legacy,” says Robert Pieroni, director of economic development at Central Houston Inc., in the release. “As these entrepreneurs chase their dreams and create something epic, they will know Downtown Houston is standing behind them. I am so proud of what Downtown Launchpad is already, and what it will become.”
Muriel Foster, a native Houstonian, is the new director of gBETA Houston. Image via LinkedIn
Since 2019,
alliantgroup and the Houston Independent School District have been partnering for the SPARK Award, a program that rewards outstanding HISD science teachers who are increasing student engagement and achievement through innovative lesson plans that emphasize both the importance and fun aspects of science.
The overall winner receives a $3,500 personal award plus $500 for their classroom, and the other five finalists receive $1,300 each plus another $500 to spend on their classrooms.
After working for three years as an accountant,
Lynell Dillard taught a weekly finance class where her students became her inspiration to pursue a full-time career in the classroom.
She secured her first teaching position in 2002 and hasn’t looked back. For three years now, she has been teaching science and giving her students hands-on learning opportunities they may not experience outside of the classroom.
Dillard explains that for many of her students, her role as a teacher is to give them as many opportunities to interact with the natural environment as possible. She knows many of her students and their families would not have access to these resources if it were not for the school district.
"We all learn in a different way, so we have to be willing to help that other person if they don’t get what I get, and there’s no criticism in it," Dillard says. "I tell them they are my future. Every single part of your education is important."
"Before I went to foster care, I was not doing well in my education,"
Ruth Giles says. "My foster mom, Nancy, took the time to figure out how I learned. She figured out I’m good with memorization, flashcards, and practicing. I would not be here without her today."
Sadly, Nancy passed away in January from COVID-19. Now, more than ever, it’s important to Giles that she continue sharing her experiences with her students to keep Nancy’s legacy alive.
Giles says the best part of teaching fifth-grade science is helping her students view the world in a different way, just like Nancy did for her.
Melanie Jenkins has been a fifth grade ESL teacher at Katherine Smith Elementary School for three years, but first got started in substitute teaching. She then went on to fulfill her childhood dream of working in finance, but found it wasn’t all she thought it would be.
"I still had in the back of my mind these kids whose lives I touched and who remembered me and understood what I was trying to teach them," she says.
Now she can't imagine doing anything else. It's challenging that many of her students are learning English for the first time, but she focuses on vocabulary and giving them resources in both English and Spanish is key, along with truly forming relationships with them.
“I try to figure out who likes what and how I can bring that into the classroom,” says Jenkins. “If you are a hands-on learner, we have the opportunities to put our hands on things. If you are a project-based learner, you have the opportunity to do projects. So there’s no one size fits all.”
According to science teacher
Mimi Muñoz, STEM education is important but learning to be kind should be first in any classroom environment.
She also works hard to get her fifth-grade students engaged in their lessons and understand why science is important to their everyday lives.
“They get so excited to do hands-on activities, experiments, and projects,” Muñoz explains. “One thing I really want them to understand is that you need learning every day of your life. And learning science, as well as the world around us, is their real life. The things I’m teaching you [in the classroom] are important.”
Muñoz has been teaching for three years and spent her entire career at Seguin Elementary. She says the last two years were very tough on her students because of the pandemic, but despite virtual learning, it has only strengthened the way she connects to her students.
An educator of 17 years,
Gerjuan O’Neal is following in her family’s footsteps.
"My maternal grandmother was a second and third grade teacher, and my maternal grandfather was a high school government teacher," she says. "My great-aunt was an elementary teacher and then a homebound teacher. My favorite thing is that I teach kindergarten through fifth grade, so every day is different."
She loves teaching STEM to her students because they can see how it applies to the other subjects they are also learning in school.
"I really like for my students to be creative problem solvers, and I like to show them all the different components of STEM," O’Neal explains. "If we are doing a science technology map, everything fits together. If we do a Lego build, we’re doing estimating with numbers. If we are coding, they get to see where math is involved and where they must be critical thinkers."
Although this is her first year teaching at Bonner Elementary School,
Leticia Sifuentes is a veteran of the classroom with 24 years of experience.
Her favorite part about teaching is seeing her students become just as passionate about science as she is.
“I tell my students I’m a science nerd. We watch a movie — where’s the science? We go somewhere — where’s the science? They’re able to bring science to everything they talk about. It’s in reading, it’s in math, it’s just the way we can incorporate science in everyday life.”
Sifuentes was named an honorable mention teacher for alliantgroup’s 2019 SPARK Award, but three years later she says she is a better educator after working through the challenges of a pandemic and virtual learning. She now realizes that as an educator it is not only her responsibility to ensure her students are performing well academically but also emotionally, socially, and mentally.
Known for its diversity, Houston ranks as the third best major metro area in the U.S. for Asian American entrepreneurs, according to a new study.
Personal finance website SmartAsset analyzed data for 52 of the largest metro areas to come up with the ranking. The analysis looked at nine metrics in three categories: prevalence of Asian-owned businesses, success of new businesses, and income and job security.
About 9 percent of the Houston metro area’s residents identify as Asian.
The SmartAsset study puts Houston in fifth place for the number of Asian-owned businesses (nearly 19,900) and in fourth place for the share of Asian-owned businesses (almost 17.9 percent) among all businesses. Furthermore, Houston ranks 14th for the increase (nearly 9.6 percent) in the number of Asian-owned businesses from 2017 to 2019.
Leading the SmartAsset list is the San Francisco metro area, followed by Dallas-Fort Worth. Austin comes in at No. 11 and San Antonio at No. 14.
The largest minority-owned business in the Houston area, as ranked by annual revenue, is Asian-owned private equity firm ZT Corporate.
Founded in 1997 by Chairman and CEO Taseer Bada, who was born in Pakistan, ZT Corporate is valued at more than $1 billion. ZT Corporate generates more than $600 million in annual revenue and employs over 3,000 people.
“As we look ahead, the vision for ZT Corporate is limitless. Our team will continue pushing boundaries and finding the bright spots in the economy that produce consistent financial gains for our investors,” Bada says in a news release marking his company’s 25th anniversary.
ZT Corporate’s flagship businesses are:
Altus Community Healthcare, a provider of health care services.
ZT Financial Services, a wealth management firm.
ZT Motors, which owns and operates auto dealerships. Last year, ZT Motors bought three Ron Carter dealerships in the Houston area.
“ZT Corporate is a vital asset to our citizens as a longtime local employer,” Houston Mayor Sylvester Turner says, “and has positively affected many lives through their health care organizations and philanthropic efforts.”
Muriel Foster, a native Houstonian, is the new director of gBETA Houston. Image via LinkedIn
