Students from certain backgrounds can attend UH for free this fall. Photo courtesy of University of Houston

A major Houston hall of higher education is making national news for its goodwill towards students from low-and-middle-class backgrounds.

The University of Houston announced a new initiative, Cougar Promise, that guarantees tuition and mandatory fees will be covered for eligible freshmen from families with adjusted gross incomes up to $65,000. Students admitted by January 15 who are starting in the fall and who demonstrate financial need are eligible for the program. The program has been covered by CNN and Yahoo News.

As an added effort to assist more students, eligible freshmen from families with adjusted gross incomes between $65,001 and $125,000 will be eligible for tuition support ranging from $500 to $2,000 per year. The assistance is significant, as UH tuition can range from $5,000 to $7,000 per term. Some 74 percent of UH undergraduate students receive some form of financial assistance, according to the university.

The Cougar Promise income threshold has more than doubled since the program started in 2008 when only students with family incomes up to $30,000 were eligible.

"Making college education affordable and accessible is at the foundation of our mission and critical for so many aspiring students across the income spectrum," says Renu Khator, University of Houston president, in a statement. "By expanding our financial support program to reduce financial barriers, we will help more students fulfill their dreams of earning a college degree."

UH's famous booster and benefactor, billionaire Tilman Fertitta, voiced his support of the program. "Your family's income bracket shouldn't limit your ability to achieve a college degree," said Fertitta, UH's chairman of the UHS Board of Regents. "Talented people come from all socioeconomic backgrounds, so I'm thrilled there will be more financial aid available for those UH students who need it most."

This isn't the first time a Houston university has made a bold move to help students in need. In 2018, Rice University made headlines for a program offering free and low-cost tuition to students from middle-class families.

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This article originally ran on CultureMap.

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Houston maritime startup raises $43M to electrify vessels, opens new HQ

Maritime Mission

A Houston-based maritime technology company that is working to reduce emissions in the cargo and shipping industry has raised VC funding and opened a new Houston headquarters.

Fleetzero announced that it closed a $43 million Series A financing round this month led by Obvious Ventures with participation from Maersk Growth, Breakthrough Energy Ventures, 8090 Industries, Y Combinator, Shorewind, Benson Capital and others. The funding will go toward expanding manufacturing of its Leviathan hybrid and electric marine propulsion system, according to a news release.

The technology is optimized for high-energy and zero-emission operation of large vessels. It uses EV technology but is built for maritime environments and can be used on new or existing ships with hybrid or all-electric functions, according to Fleetzero's website. The propulsion system was retrofitted and tested on Fleetzero’s test ship, the Pacific Joule, and has been deployed globally on commercial vessels.

Fleetzero is also developing unmanned cargo vessel technology.

"Fleetzero is making robotic ships a reality today. The team is moving us from dirty, dangerous, and expensive to clean, safe, and cost-effective. It's like watching the future today," Andrew Beebe, managing director at Obvious Ventures, said in the news release. "We backed the team because they are mariners and engineers, know the industry deeply, and are scaling with real ships and customers, not just renderings."

Fleetzero also announced that it has opened a new manufacturing and research and development facility, which will serve as the company's new headquarters. The facility features a marine robotics and autonomy lab, a marine propulsion R&D center and a production line with a capacity of 300 megawatt-hours per year. The company reports that it plans to increase production to three gigawatt-hours per year over the next five years.

"Houston has the people who know how to build and operate big hardware–ships, rigs, refineries and power systems," Mike Carter, co-founder and COO of Fleetzero, added in the release. "We're pairing that industrial DNA with modern batteries, autonomy, and software to bring back shipbuilding to the U.S."

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This article originally appeared on EnergyCapitalHTX.com.

Innovative Houston-area hardtech startup closes $5M seed round

fresh funding

Conroe-based hardtech startup FluxWorks has closed a $5 million seed round.

The funding was led by Austin-based Scout Ventures, which invests in early-stage startups working to solve national security challenges.

Michigan Capital Network also contributed to the round from its MCN Venture Fund V. The fund is one of 18 selected by the Department of Defense and Small Business Administration to participate in the Small Business Investment Company Critical Technologies Initiative, which will invest $4 billion into over 1,700 portfolio companies.

FluxWorks reports that it will use the funding to drive the commercialization of its flagship Celestial Gear technology.

"At Scout, we invest in 'frontier tech' that is essential to national interest. FluxWorks is doing exactly that by solving critical hardware bottlenecks with its flagship Celestial Gear technology ... This is about more than just gears; it’s about strengthening our industrial infrastructure," Scout Ventures shared in a LinkedIn post.

Fluxworks specializes in making contactless magnetic gears for use in extreme conditions, which can enhance in-space manufacturing. Its contactless design leads to less wear, debris and maintenance. Its technology is particularly suited for space applications because it does not require lubricants, which can be difficult to control at harsh temperatures and in microgravity.

The company received a grant from the Texas Space Commission last year and was one of two startups to receive the Technology in Space Prize, funded by Boeing and the Center for the Advancement of Science in Space (CASIS), in 2024. It also landed $1.2 million through the National Science Foundation's SBIR Phase II grant this fall.

Fluxworks was founded in College Station by CEO Bryton Praslicka in 2021. Praslicka moved the company to Conroe 2024.