Here's your one-stop shop for innovation events in Houston this month. Photo via Getty Images

It's fully summer here in Houston, and the city's business community is mixing in networking and conference events with family vacations and time off. Here's a rundown of what all to throw on your calendar for June when it comes to innovation-related events.

This article will be updated as more business and tech events are announced.

June 1 — Houston Veterans In Residence Showcase

Bunker Labs’ Veterans in Residence Showcase is a nationwide event spanning across 23 cities and 3 virtual cohorts, celebrating over 400 veteran and military spouse entrepreneurs launching their startups and businesses from our recent cohort. It gives you a chance to network with local participants. Become part of your local business community and learn how you can get involved by patronizing, investing in, or partnering up with our veterans and military spouse entrepreneurs.

The event is Wednesday, June 1, 6 to 8 pm, at WeWork Jones Hall. Click here to register.

June 1 — SportsTech Meetup + Happy Hour

Join us for a meetup and happy hour to socialize with fellow entrepreneurs and business owners in SportsTech. The event is hosted by Pokatok, a new sports tech startup focused on elevating sports innovation in Houston.

The event is Wednesday, June 1, 4 to 6 pm, at The Cannon Sports. Click here to register.

June 2 — Building a Talent Strong Texas, a Special UpSkill Works forum 

Dr. Harrison Keller, Commissioner of Higher Education, is fresh off the Texas Higher Education Coordinating Board's release of its Building a Talent Strong Texas plan, which elevates the critical importance of post-secondary education and continued skills development.

The event is Thursday, June 2, noon to 1 pm, online. Click here to register.

June 8 — Carbon to Value Initiative Year 2 Kickoff

Year 2 of the C2V Initiative builds on its successful first year in 2021 that led to partnerships, technology advancement, and industry growth. Join us, together with Fluor Corporation, a leading global engineering, procurement and construction (EPC) company, as we kick off year 2 of this exciting program, which will connect the selected startups with experts, resources, and programming to help them achieve their commercial and technical milestones!

The event is Wednesday, June 8, 6 to 8 pm, at Greentown Houston. Click here to register.

June 8 — Illuminate Houston: An Innovation Conversation

Illuminate Houston is an event series highlighting business leaders who challenge the way we think about the future. Illuminate Houston features dynamic formats where speakers and attendees discuss trends, technologies and issues that define how we do business. The Partnership welcomes Gaurab Chakrabarti, CEO and Co-founder of Solugen on Wednesday, June 8.

The event is Wednesday, June 8, noon to 1 pm, online. Click here to register.

June 8 — High Performance Institute Information Session

Join The Ion as we hear from High Performance Institute and how we are working to build a partnership for the community.

The event is Wednesday, June 8, 4 to 6 pm, at the Ion. Click here to register.

June 9 — Sip & Socialize, brought to you by partner of The Cannon, Dell for Startups

Enjoy some cocktails from partner of The Cannon, Dell for Startups, and learn more about the upcoming pitch competition on June 29th.

The event is Thursday, June 9, 4:30 to 6:30 pm, at The Powder Keg (1300 Brittmoore Rd). Click here to register.

June 16 — Transition On Tap: In Partnership with The Veterans Advanced Energy Project

Greentown Houston is hosting a special Transition On Tap in partnership with The Veterans Advanced Energy Project. Some of America's best talent joined the military to serve and deploy to combat in a time of national crisis. Now those same veterans are entering the energy transition for their next tour of duty. While the climate crisis is a call to serve, the energy transition is also a massive economic opportunity these young leaders are running towards. Learn from the panel of experienced professionals and meet other like-minded individuals passionate about the energy transition.

The event is Thursday, June 16, 5 to 8 pm, at Greentown Labs Houston (4200 San Jacinto St). Click here to register.

June 20-22 — 6th Annual Energy Drone & Robotics Summit

The Energy Drone & Robotics Summit is the largest event in the world for UAVs, Robotics & Data/AI/ML, exclusively focused on the business and technology of unmanned systems, automation and data/AI in energy & industrial operations. Over the last 5 years, it has grown to the most influential gathering of industrial, energy and engineering leaders from around the globe where the key challenges & solutions are addressed for operating drones, satellites, and robotics successfully and managing/making data actionable, from the stars to the sea floor.

The event is Monday-Wednesday, June 20-22, at the Woodlands Marriott. Click here to register.

June 22 — Houston Startup Showcase

The Houston Startup Showcase is a year-long series of monthly pitch competitions. Founders will pitch LIVE AT THE ION and compete for the grand prize package. Watch the startups pitch their company and see who the judges will name the champion of Houston Startup Showcase 2022.

The event is Wednesday, June 22, 2:45 to 5:30 pm, at the Ion. Click here to register.

June 28 — Future of Global Energy: Innovation District Reception and Tour

Day one of the Future of Global Energy Conference Presented by Chevron begins offers a special tour and reception in the heart of Houston's innovation district highlighting some of the key venues that are propelling energy transition forward here in Houston. Attendees will tour Greentown Labs and The Ion.

The event is Thursday, June 2, 2:45 to 5:30 pm, at the Houston Innovation District. Click here to register.

June 28-30 — The Future of Global Energy: Houston’s Role in Leading the Energy Transition Presented by Chevron

To highlight Houston's role in the global energy transition, the Greater Houston Partnership and Center for Houston's Future will host a dynamic three-day conference providing global and national context on the changing energy landscape and highlight Houston's leadership in the global energy transition.

The event is Tuesday-Thursday, June 28-30, and is a hybrid event. Click here to register.

June 29 — Alumni Napier Rice Launch Challenge 2022

Join Liu Idea Lab for Innovation and Entrepreneurship and support Rice University alumni startups at the H. Albert Napier Rice Launch Challenge (NRLC) virtual Championships on Wednesday, June 29. Six alumni finalists will pitch their ventures for the chance to win equity-free funding.

The event is Wednesday, June 29, 6 to 8 pm, online. Click here to register.

June 29 — Panel & Pitch Competition, Sponsored by Dell for Startups

As part of the tour, the Dell for Startups team will be stopping by Houston in partnership with The Cannon to host a Houston Founder Pitch Competition. Eight startups from all across the city will compete for $25,000 worth of prizes is taking place at The Cannon.

The event is Wednesday, June 29, 4 to 7:30 pm, at the Cannon West Houston. Click here to register.

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Justice Department sues to block Houston-based HPE's $14B buyout of Juniper

M&A News

The Justice Department sued to block Hewlett Packard Enterprise's $14 billion acquisition of rival Juniper Networks on Thursday, the first attempt to stop a merger by a new Trump administration that is expected to take a softer approach to mergers.

The Justice complaint alleges that Hewlett Packer Enterprise, under increased competitive pressure from the fast-rising Juniper, was forced to discount products and services and invest more in its own innovation, eventually leading the company to simply buy its rival.

The lawsuit said that the combination of businesses would eliminate competition, raise prices and reduce innovation.

HPE and Juniper issued a joint statement Thursday, saying the companies strongly oppose the DOJ's decision.

“We will vigorously defend against the Department of Justice’s overreaching interpretation of antitrust laws and will demonstrate how this transaction will provide customers with greater innovation and choice, positively change the dynamics in the networking market,” the companies said.

The combined company would create more competition, not less, the companies said.

The Justice Department's intervention — the first of the new administration and just 10 days after Donald Trump's inauguration — comes as somewhat of a surprise. Most predicted a second Trump administration to ease up on antitrust enforcement and be more receptive to mergers and deal-making after years of hypervigilance under former President Joe Biden’s watch.

Hewlett Packard Enterprise announced one year ago that it was buying Juniper Networks for $40 a share in a deal expected to double HPE’s networking business.

In its complaint, the government painted a picture of Hewlett Packard Enterprise as a company desperate to keep up with a smaller rival that was taking its business.

HPE salespeople were concerned about the “Juniper threat,” the complaint said, also alleging that one former executive told his team that “there are no rules in a street fight,” encouraging them to “kill” Juniper when competing for sales opportunities.

The Justice Department said that Hewlett Packard Enterprise and Juniper are the U.S.'s second- and third-largest providers of wireless local area network (WLAN) products and services for businesses.

“The proposed transaction between HPE and Juniper, if allowed to proceed, would further consolidate an already highly concentrated market — and leave U.S. enterprises facing two companies commanding over 70% of the market,” the complaint said, adding that Cisco Systems was the industry leader.

Many businesses and investors accused Biden regulatory agencies of antitrust overreach and were looking forward to a friendlier Trump administration.

Under Biden, the Federal Trade Commission sued to block a $24.6 billion merger between Kroger and Albertsons that would have been the largest grocery store merger in U.S. history. Two judges agreed with the FTC’s case, blocking the proposed deal in December.

In 2023, the Department of Justice, through the courts, forced American and JetBlue airlines to abandon their partnership in the northeast U.S., saying it would reduce competition and eventually cost consumers hundreds of millions of dollars a year. That partnership had the blessing of the Trump administration when it took effect in early 2021.

U.S. regulators also proposed last year to break up Google for maintaining an “abusive monopoly” through its market-dominate search engine, Chrome. Court hearings on Google’s punishment are scheduled to begin in April, with the judge aiming to issue a final decision before Labor Day. It’s unclear where the Trump administration stands on the case.

One merger that both Trump and Biden agreed shouldn’t go through is Nippon Steel’s proposed acquisition of U.S. Steel. Biden blocked the nearly $15 billion acquisition just before his term ended. The companies challenged that decision in a federal lawsuit early this year.

Trump has consistently voiced opposition to the deal, questioning why U.S. Steel would sell itself to a foreign company given the regime of new tariffs he has vowed.

Houston VC funding surged in 2024, fueled by major Q4 activity

by the numbers

The venture capital haul for Houston-area startups jumped 23 percent from 2023 to 2024, according to the latest PitchBook-NVCA Venture Monitor.

The fundraising total for startups in the region climbed from $1.49 billion in 2023 to $1.83 billion in 2024, PitchBook-NVCA Venture Monitor data shows.

Roughly half of the 2024 sum, $914.3 million, came in the fourth quarter. By comparison, Houston-area startups collected $291.3 million in VC during the fourth quarter of 2023.

Among the Houston-area startups contributing to the impressive VC total in the fourth quarter of 2024 was geothermal energy startup Fervo Energy. PitchBook attributes $634 million in fourth-quarter VC to Fervo, with fulfillment services company Cart.com at $50 million, and chemical manufacturing platform Mstack and superconducting wire manufacturer MetOx International at $40 million each.

Across the country, VC deals total $209 billion in 2024, compared with $162.2 billion in 2023. Nearly half (46 percent) of all VC funding in North America last year went to AI startups, PitchBook says. PitchBook’s lead VC analyst for the U.S., Kyle Stanford, says that AI “continues to be the story of the market.”

PitchBook forecasts a “moderately positive” 2025 for venture capital in the U.S.

“That does not mean that challenges are gone. Flat and down rounds will likely continue at higher paces than the market is accustomed to. More companies will likely shut down or fall out of the venture funding cycle,” says PitchBook. “However, both of those expectations are holdovers from 2021.”