Asif and Julie Lynn Dakri, Khaleda and Musa Dakri, and Faizel Dakri have gifted $4M to UH. Photo courtesy of the Dakri family/University of Houston

A prominent Houston family has just made a sizable investment in the University of Houston’s in the C. T. Bauer College of Business. The Dakri family has pledged $4 million in support of the Bauer College’s new Center for Economic Inclusion, which which aims to develop minority entrepreneurship and business development.

With the donation, the CEI will now be known as the Musa and Khaleda Dakri Center for Economic Inclusion, according to a press release.

Specifically, this $4 million gift will establish an endowed chair to support the center’s chair/director position and an endowed professorship to expand the institute’s research priorities, which includes research on small business entrepreneurship. Monies also will also support research costs and graduate research fellowships for students, per UH.

“The Dakri family is passionate about the betterment of Houston, generously offering their time and resources to truly make an impact in the community,” said Renu Khator, University of Houston president, in a statement. “With this support for our new Center for Economic Inclusion, entrepreneurs from all communities, including those in most need of investment, will get access to education, expertise and training needed to build businesses and transform lives.”

Musa and Khaleda Dakri, who hail from India, are longtime Houston residents and have been married for 54 years. Musa has been the chairman of Wallis Bank for more than 30 years. His sons Asif and Faizel serve as Wallis Bank’s chief executive officer and chief information officer, respectively.

Besides being longtime UH supporters, the Dakri family has long worked for the betterment of the African American, Mexican American, and South Asian communities. Of note, an endowment in UH’s Center for Mexican American, and Latino/a Studies named for Musa and Khaleda provides support for student scholarships, research, and more.

As the only higher education center of its kind in the US, the Center for Economic Inclusion aims to combine experiential education, academic research, and real-world expertise to train students in human-centered skills, while economically empowering under-resourced entrepreneurs.

At the center’s launch, keynote speaker Henry Cisneros, former secretary of the U.S. Department of Housing and Urban Development (HUD), called UH’s model for training entrepr“eneurs and upskilling students the best he has ever seen.

Our newly established Center for Economic Inclusion will empower aspiring entrepreneurs, who are mostly women and people of color, to chase their dreams of founding a successful new business, just as the Dakri family has done successfully for decades,” said Paul A. Pavlou, dean of the C. T. Bauer College of Business, in a statement. “Our gratitude to the Dakri family is only matched by our eagerness to get to work and train the next generation of diverse entrepreneurs.”

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This article originally ran on CultureMap.

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Houston VC funding surged nearly 50% in Q1 2026, report says

VC victories

First-quarter venture capital funding for Houston-area startups climbed nearly 50 percent compared to the same time last year, according to the PitchBook-NVCA Venture Monitor.

In Q1 2026, Houston-area startups raised $532.3 million, a 49 percent jump from $320.2 million in Q1 2025, according to the PitchBook-NVCA Venture Monitor.

However, the Q1 total fell 23 percent from the $671.05 million raised in Q4 2025.

Among the first-quarter funding highlights in Houston were:

  • Utility Global, which focuses on industrial decarbonization, announced a first close of $100 million for its Series D round.
  • Sage Geosystems raised a $97 million Series B round to support its geothermal energy storage technology.

Those funding rounds underscore Houston’s evolution as a magnet for VC in the energy sector.

“Today, the energy sector is increasingly extending into the startup economy as venture capital flows into companies developing the technologies that will shape the future of global energy,” the Greater Houston Partnership says.

The energy industry accounted for nearly 40 percent of Houston-area VC funding last year, according to market research and lead generation service Growth List.

Adding to Houston’s stature in VC for energy startups are investors like Chevron Technology Ventures, the investment arm of Houston-based oil and gas giant Chevron; Goose Capital; Mercury Fund; and Quantum Energy Partners.

How Houston innovators played a role in the historic Artemis II splashdown

safe landing

Research from Rice University played a critical role in the safe return of U.S. astronauts aboard NASA’s Artemis II mission this month.

Rice mechanical engineer Tayfun E. Tezduyar and longtime collaborator Kenji Takizawa developed a key computational parachute fluid-structure interaction (FSI) analysis system that proved vital in NASA’s Orion capsule’s descent into the Pacific Ocean. The FSI system, originally developed in 2013 alongside NASA Johnson Space Center, was critical in Orion’s three-parachute design, which slowed the capsule as it returned to Earth, according to Rice.

The model helped ensure that the parachute design was large enough to slow the capsule for a safe landing while also being stable enough to prevent the capsule from oscillating as it descended.

“You cannot separate the aerodynamics from the structural dynamics,” Tezduyar said in a news release. “They influence each other continuously and even more so for large spacecraft parachutes, so the analysis must capture that interaction in a robustly coupled way.”

The end result was a final parachute system, refined through NASA drop tests and Rice’s computational FSI analysis, that eliminated fluctuations and produced a stable descent profile.

Apart from the dynamic challenges in design, modeling Orion’s parachutes also required solving complex equations that considered airflow and fabric deformation and accounted for features like ringsail canopy construction and aerodynamic interactions among multiple parachutes in a cluster.

“Essentially, my entire group was dedicated to that work, because I considered it a national priority,” Tezduyar added in the release. “Kenji and I were personally involved in every computer simulation. Some of the best graduate students and research associates I met in my career worked on the project, creating unique, first-of-its-kind parachute computer simulations, one after the other.”

Current Intuitive Machines engineer Mario Romero also worked on Orion during his time at NASA. From 2018 to 2021, Romero was a member of the Orion Crew Capsule Recovery Team, which focused on creating likely scenarios that crewmembers could encounter in Orion.

The team trained in NASA’s 6.2-million-gallon pool, using wave machines to replicate a range of sea conditions. They also simulated worst-case scenarios by cutting the lights, blasting high-powered fans and tipping a mock capsule to mimic distress situations. In some drills, mock crew members were treated as “injured,” requiring the team to practice safe, controlled egress procedures.

“It’s hard to find the appropriate descriptors that can fully encapsulate the feeling of getting to witness all the work we, and everyone else, did being put into action,” Romero tells InnovationMap. “I loved seeing the reactions of everyone, but especially of the Houston communities—that brought me a real sense of gratitude and joy.”

Intuitive Machines was also selected to support the Artemis II mission using its Space Data Network and ground station infrastructure. The company monitored radio signals sent from the Orion spacecraft and used Doppler measurements to help determine the spacecraft's precise position and speed.

Tim Crain, Chief Technology Officer at Intuitive Machines, wrote about the experience last week.

"I specialized in orbital mechanics and deep space navigation in graduate school,” Crain shared. “But seeing the theory behind tracking spacecraft come to life as they thread through planetary gravity fields on ultra-precise trajectories still seems like magic."