10 can't-miss Houston business and innovation events for February

Where to be

Check out these workshops, networking events, pitch events, and other goings on in Houston this month. Getty Images

After what's felt like ages, 2019 has transitioned into a new month. For some, February means pink and red hearts. For Houstonians, it means the start of Rodeo Houston later this month. But, for entrepreneurs, the month yields a flurry of networking and professional events around town.

If you know of innovation-focused events for February, email me at natalie@innovationmap.com with the details.

February 5 - How to Start a Startup with Roberto Moctezuma, founder & CEO of Fractal River

Thinking 2019 is the year you finally turn your business idea into a startup? Station Houston wants to help. It's free to attend this discussion lead by Roberto Moctezuma, the founder and CEO of Houston-based Fractal River, an advisory firm. The talk will focus on identifying problems, determining market needs, learning important metrics, and more.

The event is from 5:30 to 6:30 pm on Tuesday, February 5, at Station Houston (1301 Fannin St., Suite 2440). Learn more here.

February 6 - SaaS Lifecycle Phase 3: Mapping Your Customer Journey

If you've got a SaaS-y startup, this is an event you can't miss. Blair Garrou of Mercury Fund will advise you on your company's sales, growth, and customer success. It's $10 to attend.

The event is from 12:30 to 2 pm on Wednesday, February 6, at Station Houston (1301 Fannin St., Suite 2440). Learn more here.

February 6 - Fruition Technology Labs Lunch n' Learn: Building Your Best Team

One of the main reasons startups fail is because of the people. Fruition Technology will offer their best advice for creating a solid team behind your startup.

The event is from 11:30 am to 1 pm on Wednesday, February 6, at The Cannon (1336 Brittmoore Road). Learn more here.

February 12 - Women Founders Series: Breaking Free of Impostor Syndrome

Calling all female entrepreneurs, women in business, and allies. Hear from a panel of women about their careers — both the ups and downs — and their advice for navigating the male-driven tech industry.

The event is from 11:30 am to 1 pm on Tuesday, February 12, at Station Houston (1301 Fannin St., Suite 2440). Learn more here.

February 12 - Women’s Masters Network Launch Party

Make your goals a reality at this women's professional networking event and launch party. The keynote speaker is Deidre Mathis.

The event is from 6 to 9 pm on Tuesday, February 12, at TXRX Labs (205 Roberts Street). Learn more here.

February 12 - The Global Startup with Innovation Norway

Nine Norwegian startups will pitch potential investors and collaborators at Station Houston's office in order to find for opportunities for international expansion. The Innovation Norway companies that will pitch are: CoreAll, Exebenus, Flapump, Geocap, Hammertech, Oliasoft, Pera, Solution Seeker, and Turbulent Flux.

The event is from 6 to 8 pm on Tuesday, February 12, at Station Houston (1301 Fannin St., Suite 2440). Learn more here.

February 13 - BBL Labs Energy Tech Accelerator Launch Party & Drone Demo

BBL Ventures is introducing BBL Labs, an energy tech accelerator program in partnership with Station Houston. Learn about the new program and network with energy tech professionals.

The event is from 6 to 9 pm on Wednesday, February 13, at Station Houston (1301 Fannin St., Suite 2440). Learn more here.

February 18 - NRLC Workshop: Pretotyping & Prototyping with Kara Palamountain

Figure out if your startup idea or product is needed and possible before you start investing your money and time in it at this workshop at Rice University. Featured speaker, Kara Palamountain, is a professor at the Kellogg School of Management and the president of the Northwestern Global Health Foundation.

The event is from 4 to 5:30 pm on Monday, February 18, at Liu Idea Lab for Innovation and Entrepreneurship (6100 Main St., Cambridge Office Building, Suite 130) Learn more here.

February 20 - Houston Blockchain Alliance Kickoff

New to the innovation scene, Houston Blockchain Alliance, a networking group of blockchain professionals, is celebrating its launch with a free event and panel discussion.

The kickoff celebration takes place from 5:30 to 8:30 pm on Wednesday, February 20, at the Houston CPA Society (777 Post Oak Blvd #500). Learn more here.

February 20 - InfoFluency Lunch n' Learn: Management Analytics for the Founder

If you're a founder who is evaluating or beginning use of a CRM, this one's for you. You'll get a basic understanding of the use of analytics in startup company management by attending the lunch and learn session.

The event is from 11:30 am to 1 pm on Wednesday, February 20, at The Cannon (1336 Brittmoore Road). Learn more here.

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Houston unicorn closes $421M to fuel first phase of flagship energy project

Heating Up

Houston geothermal unicorn Fervo Energy has closed $421 million in non-recourse debt financing for the first phase of its flagship Cape Station project in Beaver County, Utah.

Fervo believes Cape Station can meet the needs of surging power demand from data centers, domestic manufacturing and an energy market aiming to use clean and reliable power. According to the company, Cape Station will begin delivering its first power to the grid this year and is expected to reach approximately 100 megwatts of operating capacity by early 2027. Fervo added that it plans to scale to 500 megawatts.

The $421 million financing package includes a $309 million construction-to-term loan, a $61 million tax credit bridge loan, and a $51 million letter of credit facility. The facilities will fund the remaining construction costs for the first phase of Cape Station, and will also support the project’s counterparty credit support requirements.

Coordinating lead arrangers include Barclays, BBVA, HSBC, MUFG, RBC and Société Générale, with additional participation from Bank of America, J.P. Morgan and Sumitomo Mitsui Trust Bank, Limited, New York Branch.

“As demand for firm, clean, affordable power accelerates, EGS (Enhanced Geothermal Systems) is set to become a core energy asset class for infrastructure lenders,” Sean Pollock, managing director, project Finance at RBC Capital Markets, said in a news release. “Fervo is pioneering this step change with Cape Station, a vital contribution to American energy security that RBC is proud to support.”

The oversubscribed financing marks Cape Station’s shift from early-stage and bridge funding to a long-term, non-recourse capital structure, according to the news release.

“Non-recourse financing has historically been considered out of reach for first-of-a-kind projects,” David Ulrey, CFO of Fervo Energy, said in a news release. “Cape Station disrupts that narrative. With proven oil and gas technology paired with AI-enabled drilling and exploration, robust commercial offtake, operational consistency, and an unrelenting focus on health and safety, we have shown that EGS is a highly bankable asset class.”

Fervo continues to be one of the top-funded startups in the Houston area. The company has raised about $1.5 billion prior to the latest $421 million. It also closed a $462 million Series E in December.

According to Axios Pro, Fervo filed for an IPO that would value the company between $2 billion and $3 billion in January.

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This article first appeared on EnergyCapitalHTX.com.

Houston food giant Sysco to acquire competitor in $29 billion deal

Mergers & Acquisitions

Sysco, the nation's largest food distributor, will acquire supplier Restaurant Depot in a deal worth more than $29 billion.

The acquisition would create a closer link between Sysco and its customers that right now turn to Restaurant Depot for supplies needed quickly in an industry segment known as “cash-and-carry wholesale.”

Sysco, based in Houston, serves more than 700,000 restaurants, hospitals, schools, and hotels, supplying them with everything from butter and eggs to napkins. Those goods are typically acquired ahead of time based on how much traffic that restaurants typically see.

Restaurant Depot offers memberships to mom-and-pop restaurants and other businesses, giving them access to warehouses stocked with supplies for when they run short of what they've purchased from suppliers like Sysco.

It is a fast growing and high-margin segment that will likely mean thousands of restaurants will rely increasingly on Sysco for day-to-day needs.

Restaurant Depot shareholders will receive $21.6 billion in cash and 91.5 million Sysco shares. Based on Sysco’s closing share price of $81.80 as of March 27, 2026, the deal has an enterprise value of about $29.1 billion.

Restaurant Depot was founded in Brooklyn in 1976. The family-run business then known as Jetro Restaurant Depot, has become the nation's largest cash-and-carry wholesaler.

The boards of both companies have approved the acquisition, but it would still need regulatory approval.

Shares of Sysco Corp. tumbled 13% Monday to $71.26, an initial decline some industry analysts expected given the cost of the deal.

Houston researcher builds radar to make self-driving cars safer

eyes on the road

A Rice University researcher is giving autonomous vehicles an “extra set of eyes.”

Current autonomous vehicles (AVs) can have an incomplete view of their surroundings, and challenges like pedestrian movement, low-light conditions and adverse weather only compound these visibility limitations.

Kun Woo Cho, a postdoctoral researcher in the lab of Rice professor of electrical and computer engineering Ashutosh Sabharwal, has developed EyeDAR to help address such issues and enhance the vehicles’ sensing accuracy. Her research was supported in part by the National Science Foundation.

The EyeDAR is an orange-sized, low-power, millimeter-wave radar that could be placed at streetlights and intersections. Its design was inspired by that of the human eye. Researchers envision that the low-cost sensors could help ensure that AVs always pick up on emergent obstacles, even when the vehicles are not within proper range for their onboard sensors and when visibility is limited.

“Current automotive sensor systems like cameras and lidar struggle with poor visibility such as you would encounter due to rain or fog or in low-lighting conditions,” Cho said in a news release. “Radar, on the other hand, operates reliably in all weather and lighting conditions and can even see through obstacles.”

Signals from a typical radar system scatter when they encounter an obstacle. Some of the signal is reflected back to the source, but most of it is often lost. In the case of AVs, this means that "pedestrians emerging from behind large vehicles, cars creeping forward at intersections or cyclists approaching at odd angles can easily go unnoticed," according to Rice.

EyeDAR, however, works to capture lost radar reflections, determine their direction and report them back to the AV in a sequence of 0s and 1s.

“Like blinking Morse code,” Cho added. “EyeDAR is a talking sensor⎯it is a first instance of integrating radar sensing and communication functionality in a single design.”

After testing, EyeDAR was able to resolve target directions 200 times faster than conventional radar designs.

While EyeDAR currently targets risks associated with AVs, particularly in high-traffic urban areas, researchers also believe the technology behind it could complement artificial intelligence efforts and be integrated into robots, drones and wearable platforms.

“EyeDAR is an example of what I like to call ‘analog computing,’” Cho added in the release. “Over the past two decades, people have been focusing on the digital and software side of computation, and the analog, hardware side has been lagging behind. I want to explore this overlooked analog design space.”

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