Houston-area medical device engineering firm acquires Texas company

M&A

Dan Purvis, CEO of Velentium, will lead the new combined company. Photo courtesy of Veletium

A engineering firm based in Katy has made a strategic acquisition of a Magnolia, Texas-based company to start of the new year.

Velentium, which specializes in the design and manufacturing of medical devices announced that it has acquired Oasis Testing, a designer of automated test systems for the energy and manufacturing industries.

"Despite the immense challenges facing the business community in 2020, last year was a monumental year of growth for our firm, and we're pleased to start 2021 building upon our world-class team of technical experts," says Dan Purvis, CEO of Velentium, in a news release. "Oasis Testing has been a trusted partner for the last five years and shares in our commitment to solving clients' most complex challenges to change lives for a better world. We're incredibly excited to welcome them to the Velentium family and expand our business more deeply into energy and manufacturing."

The companies will operate under the Velentium name, and Demetri White, co-founder at Oasis Testing, will assume the role of senior program manager to focus on "growing the testing business, serving the oil and gas industry's need for high-pressure high-temperature test, as well as testing in the medical device sector," according to the release.

"We admire and share Velentium's approach to client service, company culture, and results-focused business strategy, and quickly recognized this would be an excellent fit for our team," says White in the. "From our years of partnership, we know that Oasis' expertise in servicing the energy and manufacturing sectors goes hand-in-hand with their ability to provide innovative and world class solutions. Together, we will leverage knowledge across industries to bring mechanical, electrical and software-based solutions that benefit our client base."

The new company will have expanded abilities and will be increasing its production space and headcount as it continues to place an emphasis on its testing and manufacturing capabilities. The added resources for automation and the combined team will lead to dramatic reductions in product test times and increased test system utilization.

Earlier this year, Velentium played a key role in mobilizing thousands of ventilators in the United States at a time when the pandemic and the uncertainty around it was surmounting around the country.

The company's long-time clients Ventec Life Systems, a manufacturer of ventilators based in Washington, said they could increase production of their much-needed ventilators five-fold if they only had the right resources and partners. Velentium first aimed to help the small factory double or triple their production, and later General Motors jumped in to help grow the initiative.

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Texas organization announces inaugural cohort of social enterprise startups with Web3 tech

Dedicated to DWeb

A Texas-based accelerator focused on helping BIPOC and female founders on their entrepreneurial journeys announced the inaugural class for its newest accelerator.

DivInc's DWeb for Social Impact Accelerator, a 12-week intensive hybrid program sponsored by Filecoin Foundation for the Decentralized Web, will mentor nine companies, all of whom integrate Web3 technologies into their impact entrepreneurship. Participating startups will have access to the Ion’s resources and receive a non-dilutive $10,000 grant to use during the course of the program.

Cherise Luter, marketing director at DivInc, says the Austin-based development program instead chose Houston to host this inaugural cohort because they have a secure partnership with the Ion and other premiere partners in the area, including Mercury, JP Morgan, and Bank of America.

“The team that we already have in place in Houston is so strong, we thought, this would be a great place to launch this concept and then from there determine if we want to launch it in Austin,” Luter says.

Amanda Moya, director of programs for DivInc, says this accelerator will truly be hybrid, enabling entrepreneurs from around the country to benefit from quality virtual mentorship and four weeks of in-person training.

“We want to really engulf them in the Houston innovation ecosystem, to let them know that this is also a landing pad if they are ever to move or travel around and come back to Houston,” Moya mentions.

One Houston-based startup, CultureLancer, will be participating in the program. A career-focused platform that matches students from HBCU with companies looking to hire in the fields of business development, data analysis, marketing, and operations, CultureLancer provides students with project-based learning opportunities.

Brianna Brazle, CultureLancer founder and therapist, says after discussing with friends and family members their struggles to get hired post-graduation she uncovered an underserved market of people in need of career guidance.

“That’s a problem that has been existing and then after doing more research I learned historically about 56%, year over year, of college graduates find themselves unemployed or underemployed,” explains. “My first solution to this problem was a hybrid marketplace.”

The rest of the inaugural cohort includes one to two entrepreneurs from the following companies:

  • Craftmerce, based in Dallas, is a B2B technology platform that brings African artisans and mainstream retail partners together through distributed production, enterprise management, and financing tools.
  • Instarails is working to simplify cross border payments through their app which provides the option to make instant global payments regardless of currency.
  • Looks for Lease, a Los Angeles based wardrobe rental company is combating the carbon emissions brought on by the fashion industry through their circular consumerism business model which operates on an AR platform.
  • Motherocity is an app that allows postpartum moms to track their mental and physical health through personal insights, experiential data, data science, and artificial intelligence, all the way through the first year after giving birth.
  • Salubata combines sustainable fashion and tech through their shoes made from old plastic bottles and integrating an NFT component that allows access to new shoe designs for customers.
  • Seed At The Table is a crowdfunding platform connecting marginalized founders with non-accredited investors, founded by a former Goldman Sachs investment manager.
  • Tribe is a mental health mobile app aiming to make mental healthcare affordable and accessible to black people through their directory of black therapists whose patients can directly book appointments within the app.
  • Subler, which was founded by a Los Angeles high school board member, is a digital marketplace that allows schools to rent out their unused spaces to local community groups.

The program will run from Sept. 18 until their demonstration day which is scheduled for Dec. 7 at the Ion.

DivInc, which runs several accelerators across Texas, originally partnered with the Ion in 2020. The organization introduced its new DWeb program earlier this year.

Last month, DivInc also introduced its inaugural cohort to another new diversity-focused accelerator. The 2023 Clean Energy Tech accelerator program sponsored by Chevron and Microsoft is currently ongoing.

NASA lands on top of prestigious list of Forbes' best employers in Texas

over the moon

Houston continues to prove it hosts the best of the best employers in Texas as NASA tops Forbes' 2023 list of "America’s Best Employers By State."

The highly anticipated list, published August 22, is a collaboration between Forbes and Statista to survey the satisfaction levels of tens of thousands of workers employed by national companies.

Though the government agency is based in Washington, D.C., NASA's stratospheric presence in Houston (coupled with a great work environment and advancement opportunities) is what propels it to the top year after year. There are currently more than 17,000 workers employed by NASA, according to Forbes.

Earlier this year, NASA was honored as the Best Place to Work in the Federal Government by the Partnership for Public Service for its unyielding dedication to space exploration and discovery.

"The passion and precision of our workforce makes NASA the best place to work in the federal government," said NASA Administrator Bill Nelson in a statement. "Together, we are poised to accomplish more daring feats with new advancements, more scientific contributions on Earth and in the heavens, and more incredible technological breakthroughs that will help shape the 21st century."

While Forbes explains that the national list isn't the same as their best large employers list, it's meant to serve as an in-depth analysis of companies that are "closer-to-home options for every American worker."

NASA's high rank follows shortly after the agency launched a brand new Digital Engineering Design Center fully dedicated to innovating the future of spaceflight. The new center will aid in expanding opportunities for the younger generation to embrace aerospace engineering as a career.

Forbes and Statista determined their rankings by surveying 70,000 Americans working at employers in the U.S. with at least 500 employees each. The final list features 1,392 highly recommended employers in the 50 states and the District of Columbia. Nearly 270 employers ranked highly in multiple states.

Here are the 30 best large employers in Texas, as determined by Forbes and Statista:

Houston area:

  • No. 1 – NASA (based in Washington, D.C.; Johnson Space Center in Clear Lake)
  • No. 4 – Houston Community College
  • No. 5 – Houston Methodist
  • No. 6 – Texas Children's Hospital
  • No. 18 – National Oilwell Varco
  • No. 19 – Bechtel (based in Reston, Virginia; major corporate hub in Houston)

Dallas-Fort Worth:

  • No. 6 – Texas Oncology, based in Dallas
  • No. 9 – Fidelity Investments (based in Boston; major corporate hub in Westlake)
  • No. 14 – Capital One (based in Richmond, Virginia; major corporate hub in Plano)
  • No. 17 – University of Texas Southwestern Medical Center in Dallas
  • No. 22 – Southwest Airlines, based in Dallas
  • No. 24 – Texas Health Resources, based in Arlington
  • No. 25 – General Motors (based in Detroit, Michigan; major assembly hub in Arlington)
  • No. 27 – City of Plano
  • No. 28 – Toyota North America, based in Plano

San Antonio:

  • No. 2 – H-E-B (based in San Antonio; more than 300 stores in Texas)
  • No. 26 – University of Texas Health Science Center at San Antonio

Austin:

  • No. 3 – Google (based in Mountain View, California; major corporate hub in Austin)
  • No. 13 – Apple (based in Cupertino, California; major corporate hub in Austin)

Throughout Texas:

  • No. 8 – Salesforce (based in San Francisco, California; offices in Austin and Dallas)
  • No. 10 – IKEA (based in Sweden; five stores in Texas)
  • No. 11 – Costco (based in Issaquah, Washington; 38 stores in Texas)
  • No. 15 – Cardinal Health (based in Dublin, Ohio; 23 locations in Texas)
  • No. 16 – Microsoft (based in Redmond, Washington; offices in Austin, Dallas, Friendswood, Frisco, Houston, San Antonio, and The Woodlands)
  • No. 20 – Leidos (based in Reston, Virginia; locations in San Antonio, Houston, and Webster)
  • No. 21 – Cisco Systems (based in San Jose, California; offices in Austin, Dallas, Irving, Richardson, Houston, Laredo, and San Antonio)
  • No. 23 – IBM (based in Armonk, New York; offices in Austin, Houston, Dallas, and Frisco)
  • No. 29 – Nike (based in Beaverton, Oregon; 26 locations in Texas)
  • No. 30 – Charles Schwab (based in San Francisco, California; 25 locations in Texas)
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This article originally ran on CultureMap.

3 Houston innovators to know this week

who's who

Editor's note: In this week's roundup of Houston innovators to know, I'm introducing you to three local innovators across industries — from health care to academia — recently making headlines in Houston innovation.

Ayse McCracken, founder of Ignite Healthcare Network

Ayse McCracken, founder of Ignite Healthcare Network, joins the Houston Innovators Podcast to discuss how she's growing her impact on female health tech founders. Photo via LinkedIn

With a decades-long career in health care, Ayse McCracken's most recent professional chapter has been laser focused on finding, supporting, and accelerating female-founded startups in health tech with her nonprofit, Ignite Healthcare Network.

Originally founded in 2017 as a pitch competition, Ignite has evolved to become an active and integral program for female health tech entrepreneurs. Ninety-one founders have graduated from Ignite and gone on to raise over $550 million in funding for their ventures. Currently, Ignite has 19 women in its 2023 cohort, which concludes November 9 with the annual Fire Pitch competition.

"Having an impact in the health care industry and finding solutions is important to me," McCracken says of her passion for Ignite on this week's episode of the Houston Innovators Podcast. "The second aspect of that is there are so many women in health care, and yet you don't see them in leadership roles." Read more.

Paul Cherukuri, vice president of innovation at Rice University

Paul Cherukuri, vice president of innovation at Rice University, has had a busy week. Photo via Rice.edu

If it's seemed like a lot has been happening on Rice University campus this month, it's because it has. This week, Paul Cherukuri, Rice’s vice president for innovation hosted an event announcing the university's Biotech Launch Pad, a new accelerator focused on commercializing health care innovations.

“The Biotech Launch Pad is the first in a series of Rice Moonshots that are hyper-focused on building a ‘speed and scale’ innovation ecosystem across Houston," Cherukuri says. "We at Rice are committed towards driving the Biotech Launch Pad in collaboration with our partners within the Texas Medical Center and the new Helix Park campus.” Read more.

The university also recently announced:

  • The Rice University Office of Innovation's newly established the One Small Step Grant program that will provide funding to faculty working on "promising projects with commercial potential." Read more.
  • The opening of the Ralph S. O’Connor Building for Engineering and Science, the university's largest core campus research facility. The 250,000-square-foot building is the new home for four key research areas at Rice: advanced materials, quantum science and computing, urban research and innovation, and the energy transition. The university aims for the space to foster collaboration and innovation between the disciplines. Read more.

Oyetewa Oyerinde, leader of the Skin of Color Clinic and assistant professor of dermatology at Baylor College of Medicine

The Skin of Color Clinic is devoted to the unique needs of patients of all ethnicities. Photo courtesy of BCM

All skin is created equal, but not all skin behaves the same. It’s with this in mind that Baylor Medicine Dermatology has announced the debut of its newest office.

The Skin of Color Clinic is located inside the Jamail Specialty Care Center and is devoted to the unique needs of patients of all ethnicities.

The leader of the Skin of Color Clinic is assistant professor of dermatology, Oyetewa Oyerinde. Dr. Oyerinde, a Howard University and University of Illinois at Chicago College of Medicine alum, completed her residency training at Harvard University, where she made it to the role of chief resident in her final year.

“I am excited to lead a clinic that addresses skin issues commonly found in underserved populations,” Oyerinde says in a news release. “I want people in Houston to know that there is a place where an expert will know how to care for their specific needs.”Read more.

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