Universities need to make sure all faculty who want to work with the private sector have a chance to succeed, regardless of their gender or discipline. Miguel Tovar/University of Houston

The researchers had a hypothesis. Women faculty, they predicted, would be more successful than their male counterparts at earning private funding – from industry, from nonprofit groups, from charitable endowments. That was about relationships, after all, an area where the popular literature suggests women excel.

The numbers told a different story.

A review of faculty research funding conducted by the Center for ADVANCING Faculty Success at the University of Houston – funded by the National Science Foundation to help recruit and retain female faculty, and especially women of color, in STEM fields – found that women and men had similar success rates when competing for funding from federal agencies. With industry funding, however, the disparities were greater.

"It's about networking," says Christiane Spitzmueller, an industrial psychologist and managing director of the UH center. "Men do more of that. Women aren't primed as much for networking and self-marketing."

No one tracks the numbers nationally, and not all universities report a gender disparity. What is clear is that working with industry and nonprofit groups has drawn new attention in academia amid concerns about stagnant or dropping levels of federal research funding and increasing academic interest in finding solutions to some of society's thorniest problems. To take full advantage of the opportunities, universities need to make sure all faculty who want to work with the private sector have a chance to succeed, regardless of their gender or discipline.

Opportunity knocks

Industry needs these partnerships, too.

"Companies are realizing to be competitive, particularly in high-tech domains, they can't rely on only their internal resources," says Jeff Fortin, associate vice president for research and director of Research and Industrial Partnerships at Pennsylvania State University. "They have to look to universities and other external sources to fill that pipeline of innovation."

Some researchers are already fully engaged with industry. Others aren't interested.

Then there is the middle group. "They would like to engage more with companies," Fortin says. "They haven't done it much, and they need more help, explaining how the process works, the contracting."

His office – and those at other universities seeking to increase their interactions with the private sector – can help.

How to approach industry

Research administrators can help by developing policies for intellectual property, licensing and royalty issues that arise from academic-industry partnerships. Companies want to know how those issues will be handled upfront.

Ultimately, however, it's about the individual faculty member. And it requires persistence.

"The big thing is not to sell yourself short," says Rebecca Carrier, professor of chemical engineering at Northeastern University. "Maybe they're not going to be interested in precisely what you want to work on, but they might be interested in a variation of it."

Look for common goals. And prepare for a different type of relationship.

What to expect

Federal funding agencies generally require an annual report, with little or no interaction at other times. Not so with industry funding.

"When you're working on a project industry cares about, you may report in every six months, or conduct monthly or biweekly teleconferences. You may collaborate with their researchers. You may send your students to their site," says Elyse Rosenbaum, Melvin and Anne Louise Hassebrock Professor in Electrical and Computer Engineering at the University of Illinois-Urbana-Champaign. Rosenbaum also is director of the Center for Advanced Electronics through Machine Learning, a National Science Foundation Industry/University Cooperative Research Center.

Sometimes the work is about solving a specific industry problem, whether that's high workforce turnover or limiting methane emissions on oilfield drilling rigs. Sometimes, as Samira Ali, an assistant professor at the University of Houston Graduate College of Social Work, discovered with her first industry grant, the goal is more global.

Ali is directing one of three centers that are part of a $100 million, 10-year initiative from Gilead Sciences Inc. to address HIV/AIDS in the southern United States.

The payoff

Ali had never worked with industry funding, but the project was a good fit with her research interests. It also wasn't something the federal government would be likely to fund, making the partnership a pragmatic choice.

Another benefit? Carrier, who is director of the Advanced Drug Delivery Lab at Northeastern, says connecting with industry ensures she remains focused on real-world problems.

Working with the private sector is a constant reminder of the end goal – in Carrier's case, finding answers to questions about the mucosal barrier in the intestine, with an eye toward enhancing the absorption of medications and nutrients, as well as understanding links between the gut and overall health.

"It's important to stay in touch and in tune with people who are trying to make a product so that I know what I'm doing matters," she says.

The 411 in industry funding

What type of projects?

  • Short-term, often for a period of one year
  • Practical, focused on a specific product or project
  • Industry support for basic science is unusual but not unheard of

How is it different for government funding?

  • Generally less money, for a shorter period of time
  • Fewer restrictions but can require more flexibility
  • More contact, from biannual or monthly conference calls to sending researchers to work at the company, or having their researchers come to your lab
  • A new vocabulary. Terms understood to mean one thing by researchers and federal funding agencies may be used differently by industry

How to connect?

  • Network. Attend conferences that are important to the industry with which you'd like to work.
  • Educate yourself about the problems a particular industry needs to solve, and think about what solutions you may be able to offer
  • Be persistent and don't be afraid of rejection
  • Take advantage of personal connections – friends, neighbors and former classmates who work in industry may help you connect on specific projects

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This article originally appeared on the University of Houston's The Big Idea.

Jeannie Kever works with the UH division of research as a senior media relations specialist.

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Houston-area VC funding sunk to 5-year low in Q3 2025, report says

by the numbers

Fundraising for Houston-area startups experienced a summertime slowdown, sinking to a five-year low in the third quarter, according to the latest PitchBook-NVCA Venture Monitor.

The PitchBook-NVCA Venture Monitor shows startups in the Houston metro area attracted $204.4 million in venture capital from June through August. That’s 55 percent below the total for the previous quarter and 51 percent below the total for the third quarter of 2024.

More telling than those figures is that the third-quarter haul dropped to its lowest total for Houston-area startups since the fourth quarter of 2020, when $133.4 million in VC was raised. That was the third full quarter after health officials declared the pandemic in the U.S.

In Q3 2025, AI accounted for nearly 40 percent of VC deal volume in the U.S., Kyle Stanford, director of U.S. venture research at PitchBook, said in the report. And through the first nine months of 2025, AI represented 64 percent of U.S. deal value.

VC deal activity “has been nearly steady, emphasizing a consistent influx of companies, especially at the pre-seed and seed stages,” Stanford said. “Large deals remain the primary driver of market deal value, with almost all of these deals focused on AI.”

Bobby Franklin, president and CEO of NVCA, said that while fundraising hasn’t returned to pre-pandemic highs, deal values are going up in sectors such as AI, manufacturing, robotics and space tech, many of which have already exceeded their investment totals for all of 2024.

Meet 6 of the fastest-growing scaleup companies in Houston right now

meet the finalists

From raising funding rounds to earning FDA acceptance, some of Houston's most innovative companies have reached major milestones this year.

The 2025 Houston Innovation Awards will recognize their progress by bringing back our Scaleup of the Year category for the second year. The award honors an innovative later-stage startup that's recently reached a significant milestone in company growth.

Six breakthrough businesses have been named finalists for the 2025 award. They range from climatetech startups to a biotech company developing new drugs for neurodegenerative diseases and more.

Read more about these businesses and their impressive growth below. Then join us at the Houston Innovation Awards on Nov. 13 at Greentown Labs, when the winner will be unveiled at our live awards ceremony.

Tickets are now on sale for this exclusive event celebrating all things Houston Innovation. Corporate 10-packs, featuring reserved seating and custom branding, and individual tickets are still available. Secure your seats today.

Coya Therapeutics

Clinical-stage biotechnology company Coya Therapeutics (NASDAQ: COYA) has developed COYA-302 that enhances anti-inflammatory T cell function and suppresses harmful immune activity. The drug candidate is being advanced for several neurodegenerative diseases—including ALS, Alzheimer’s, Parkinson’s, and frontotemporal dementia—and has demonstrated promising reductions in neuroinflammation in preclinical and early clinical studies, according to the company.

Coya, founded in 2021, received FDA acceptance for its investigational new drug application for COYA-30 this summer. It closed its IPO in January 2023 for more than $15 million and added $26 million in PIPE funding that same year. Last year, the company secured an additional $15 million in PIPE funding.

Fervo Energy

Houston-based Fervo Energy is working to provide 24/7 carbon-free energy through the development of cost-competitive geothermal power. The company is developing its flagship Cape Station geothermal power project in Utah, which is expected to generate 400 megawatts of clean energy for the grid. The first phase of the project will supply 100 megawatts of power beginning in 2026. The second phase is scheduled to come online by 2028.

The company raised $205.6 million in capital to help finance the project earlier this year and fully contracted the project's capacity with the addition of a major power purchase agreement from Shell. Founded in 2017 by CEO Tim Latimer and CTO Jack Norbeck, Fervo is now a unicorn, meaning its valuation as a private company has surpassed $1 billion. In March, Axios reported Fervo is targeting a $2 billion to $4 billion valuation in an IPO.

Koda Health

Houston-based Koda Health has developed an advance care planning platform (ACP) that allows users to document and share their care preferences, goals and advance directives for health systems. The web-based platform guides patients through values-based decisions with interactive tools and generates state-specific, legally compliant documents that integrate seamlessly with electronic health record systems. The company also added kidney action planning to its suite of services for patients with serious illnesses last year.

Koda Health was founded out of the TMC's Biodesign Fellowship in 2020 by CEO Tatiana Fofanova, chief medical officer Dr. Desh Mohan, and chief technology officer Katelin Cherry. The company raised a $7 million series A earlier this year, and also announced major partnerships and integrations with Epic, Guidehealth, Medical Home Network, Privia Health and others.

Mati Carbon

Houston climatetech company Mati Carbon removes carbon through its Enhanced Rock Weathering (ERW) program that works with agricultural farms in Africa and India. Mati says the farmers it partners with are some of the most vulnerable to the impacts of climate change. The nonprofit won the $50 million grand prize in the XPRIZE Carbon Removal competition, backed by Elon Musk’s charitable organization, The Musk Foundation, earlier this year.

Mati Carbon scaled operations in India, Zambia, and Tanzania this year and has advanced its proprietary measurement, reporting and verification (MRV) platform, known as matiC, enabling seamless field data capture, chain-of-custody and carbon accounting at scale. The company was founded in 2022 by co-directors Shantanu Agarwal and Rwitwika Bhattacharya.

Molecule

Houston-based Molecule Software has developed an energy trading risk management (ETRM) platform that allows companies trading power, oil and gas, biofuels, renewables and more stay ahead as the markets evolve.

The company closed a Series B round earlier this year for an undisclosed amount. Sameer Soleja, founder and CEO of Molecule, said at the time that the funding would allow the company to "double down on product innovation, grow our team, and reach even more markets." The company was founded in 2012 by CEO Sameer Soleja and participated in the Surge Accelerator the same year.

Utility Global

Houston-based Utility Global has developed its proprietary eXERO technology that produces low-cost, clean hydrogen from water and industrial off-gases without requiring grid electricity.

First founded in 2018 by CEO Parker Meeks, the company participated in Greentown Labs and the Rice Alliance for Technology and Entrepreneurship programs. It raised a $55 million funding round earlier this year and launched commercial partnerships with ArcelorMittal Brazil and Hanwha Group in South Korea to deploy its hydrogen solutions at scale.

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The Houston Innovation Awards program is sponsored by Houston Community College, Houston Powder Coaters, FLIGHT by Yuengling, and more to be announced soon. For sponsorship opportunities, please contact sales@innovationmap.com.

Venus Aerospace picks up investment from Lockheed Martin Ventures

space funding

Venus Aerospace, a Houston-based startup specializing in next-generation rocket engine propulsion, has received funding from Lockheed Martin Ventures, the investment arm of aerospace and defense contractor Lockheed Martin, for an undisclosed amount. The product lineup at Lockheed Martin includes rockets.

The investment follows Venus’ successful high-thrust test flight of its rotating detonation rocket engine (RDRE) in May. Venus says it’s the only company in the world that makes a flight-proven, high-thrust RDRE with a “clear path to scaled production.”

Venus says the Lockheed Martin Ventures investment reflects the potential of Venus’ dual-use technology for defense and commercial uses.

“Venus has proven in flight the most efficient rocket engine technology in history,” Venus co-founder and CEO Sassie Duggleby, a board member of the Texas Space Commission, said in a news release. “With support from Lockheed Martin Ventures, we will advance our capabilities to deliver at scale and deploy the engine that will power the next 50 years of defense, space, and commercial high-speed aviation.”

Chris Moran, executive director and general manager of Lockheed Martin Ventures, said Lockheed Martin has been a longtime supporter of early-stage “transformational” technologies.

“Our investment in Venus Aerospace reflects a conviction that next-generation propulsion will define which nations lead in space and defense for decades to come,” Moran added in the release. “We are committed to helping Venus scale this technology and integrate it into critical systems.”

Since its founding in 2020, Venus has secured more than $106 million in funding. In addition to Lockheed Martin Ventures, investors include Airbus Ventures, America’s Frontier Fund, Trousdale Ventures, and Prime Movers Lab. Supporters of Venus include NASA, the Air Force Research Lab and the Defense Advanced Research Projects Agency (DARPA).