ArtPark Moving Studios — a local nonprofit that provides art programming for at-risk children — took home a big prize at last year's Project Flourish. Courtesy of First Presbyterian Church

First Presbyterian Church of Houston launched the second round of Project Flourish, a social entrepreneurship contest, on August 18.

The contest is "a creative invitation to the community to help bring fresh ideas to the issues that face a major metropolitan city like Houston," reads a news release. The pitch competition is open to for-profit or nonprofit ideas. What's on the line? Up to $250,000 in seed money, to be divided among an undetermined number of winners as the judges see fit.

Although the church has held the competition in the past, it has made some changes to the newest iteration of the program. Past applicants were not required to have a Houston focus, but this year's individuals and teams must live within 50 miles of downtown Houston and their idea must impact Houston. Those who make it to the semi-final round will be invited to join the eight-week accelerator program, in which they will receive consulting and mentoring in preparation for pitching their ideas to the judges.

Austin Hermann, FPC's Director of the Center for Faith, Work, and Innovation, oversees Project Flourish. When InnovationMap asked him why the contest matters for Houston, Hermann says it's about lending a helping hand to Houston entrepreneurs.

"When you look at all the different groups that are trying to start things in Houston, there's a major gap in the ecosystem… Project Flourish is trying to fill that gap," he says. "We want to connect Houston-based and Houston-focused entrepreneurs who are in the earliest stages of idea formation to the resources of a church — social, intellectual, and financial capital — in a way that other institutions don't because they're not interested in small deals. [We offer] impact investing for and towards groups of individuals who can't get that access anywhere else."

According to a release, in Project Flourish's inaugural round, which concluded in March 2018, funding recipients included art studio on wheels nonprofit ArtPark Moving Studios, which won $55,000, and Rescue Houston, which claimed a $45,000 prize and focuses on empowering victims of sex trafficking.

Hermann says he's most excited about the new Houston emphasis this year as well as the opportunity to get new people involved. The program process is largely the same, but allows a new set of entrepreneurs, application screeners, navigators, skills coaches, and judges to take part.

"We're putting a call out for new ventures [that are] seeking the good of Houston."

For more information or to apply, please visit projectflourish.org. The application is live now through November 1.

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TMC launches new biotech partnership with Republic of Korea

international collaboration

Houston's Texas Medical Center has launched its new TMC Republic of Korea BioBridge.

The new partnership brings together the TMC with the Osong Medical Innovation Foundation, or KBIOHealth. The Biobridge aims to support the commercialization of Korean biotech and life science startups in the U.S., foster clinical research, and boost collaboration in the public, private and academic sectors.

Through the partnership, TMC will also develop a Global Innovators Launch Pad to foster U.S. market entry for international health care companies. Founders will be selected to participate in the 10-week program at the TMC Innovation Factory in Houston.

“Gene and cell therapies are driving biotech innovation, opening possibilities for treating diseases once thought untreatable," William McKeon, president and CEO of the Texas Medical Center, said in a news release. "Expanding biomanufacturing capacity is essential to delivering the next wave of these therapies, and partnerships with leading innovators will strengthen our efforts in Houston and internationally.”

McKeon officially signed the TMC Korea BioBridge Memorandum of Understanding with Myoung Su Lee, chairman of KBIOHealth, in South Korea in October.

"This collaboration marks a significant milestone for Korea’s biohealth ecosystem, creating a powerful bridge between Osong and Houston," Lee added in the release. "By combining KBIOHealth’s strength in research infrastructure and Korea’s biotech talent with TMC’s global network and accelerator platform, we aim to accelerate innovation and bring transformative solutions to patients worldwide.”

This is the seventh international strategic partnership for the TMC. It launched its first BioBridge with the Health Informatics Society of Australia in 2016. It launched its TMC Japan BioBridge, focused on advancing cancer treatments, last year. It also has BioBridge partnerships with the Netherlands, Ireland, Denmark and the United Kingdom.