Register for Venture Houston on February 4th and 5th, plus apply to pitch your startup and win thousands of dollars in investments. Photo via Getty Images

For so many, COVID has changed the game, and venture capitalists, startups, and corporations are in a flurry to learn the new rules. Investors and entrepreneurs now more than ever are seizing the opportunity to engage with tech ecosystems in cities like Houston to take advantage of large corporations as neighbors and possible customers to their startups.

Through the intersection of these groups comes great opportunity and massive unlocked potential. But the execution of this intersection must be curated in order to be effective. HX Venture Fund, Houston's strategic venture capital fund-of-funds, is working to not only bring these groups together, but to create a collision that paves the way for innovation and information to flow among all parties.

In a world in which we are "colliding" from our home offices and dining room tables, the stakes are high, and these intersection opportunities cannot be missed.

In February, HX Venture Fund — in collaboration with Rice Alliance, Houston Angel Network, and Houston Exponential — will bring this conversation to Houston through Venture Houston, a two-day virtual event connecting venture capitalists from across the country to Houston entrepreneurs and corporations.

Steve Case, Chairman & CEO at Revolution Ventures and co-founder of AOL, will kick off the conversation by discussing how this wave of innovation is coming to Houston and why our city is perfectly equipped to let it thrive. Venture capitalists from Houston, as well as the HX Venture Fund portfolio, will give their unique perspective on how to scale a startup in Houston and why they are looking to invest their capital in the city's growing innovation ecosystem.

Some of Houston's best success stories and founders — Shashi Narahari of High Radius, Joe Alapat of Liongard, Bryan Sansbury of AEGIS Hedging, Kim Raath of Topl, Ben Johnson of Spruce, and others — will discuss their successful navigation of Houston's startup ecosystem, from raising capital to finding talent.

And some of the city's most prominent corporations, including all of HX Venture Fund's Limited Partners — such as Insperity, Rice Management Company, and LyondellBasell — will discuss how their industry verticals are changing and how innovation is the key to their future successes.

The two conference days will end with a pitch competition specifically for Houston and Gulf Coast Region startups with over $1.7 million in investment and in-kind prizes from investors across the nation and the HX Venture Fund portfolio in an effort to showcase and power the very best entrepreneurs in our city.

While the landscape is changing and subsequent innovation more disruptive than ever, HX Venture Fund is determined to not let this opportunity go to waste and to fuel the innovation that comes with it. The experience of the venture capitalists, the rigor of the entrepreneur, and the network of the corporation are the key elements to setting the innovation ecosystem alight. Venture Houston 2021 will be one of the places that sparks the flame.

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Venture Houston is taking place online February 4-5. Click here to register. The startup pitch competition application deadline is January 15 — click here to apply.

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CultureMap Emails are Awesome

Mark Cuban calls AI ‘the greater democratizer’ for young entrepreneurs

eyes on AI

Texas billionaire Mark Cuban—whose investment portfolio includes Houston-based Holliball, a startup that makes and sells large inflatable holiday ornaments—believes AI is leveling the playing field for budding low-income entrepreneurs.

At the recent Clover x Shark Tank Summit in Las Vegas, the Shark Tank alum called AI “the greater democratizer.”

Cuban told Axios that free and low-cost AI tools enable disadvantaged teenagers to compete with seasoned professionals.

“Right now, if you’re a 14- to 18-year-old and you’re in not-so-good circumstances, you have access to the best professors and the best consultants,” Cuban said. “It allows people who otherwise would not have access to any resources to have access to the best resources in real time. You can compete with anybody.”

While Cuban believes AI is “the great democratizer” for low-income young people, low-income workers still face hurdles in navigating the AI landscape, according to Public Works Partners, an urban planning and consulting firm. The firm says access to AI among low-income workers may be limited due to cost, insufficient digital literacy and infrastructure gaps.

“Without adequate resources and training, these workers may struggle to adapt to AI-driven workplaces or access the educational opportunities necessary to acquire new skills,” Public Works Partners said.

Texas 2036, a public policy organization focused on the state’s future, reported in January AI jobs in Texas are projected to grow 27 percent over the next decade. The number 2036 refers to the year when Texas will celebrate its bicentennial.

As for the current state of AI, Cuban said he doesn’t think the economy is witnessing an AI bubble comparable to the dot-com bubble, which lasted from 1998 to 2000.

“The difference is, the improvement in technology basically slowed to a trickle,” Cuban said of the dot-com era. “We’re nowhere near the improvement in technology slowing to a trickle in AI.”

CPRIT hires MD Anderson official as chief cancer prevention officer

new hire

The Austin-based Cancer Prevention and Research Institute of Texas, which provides funding for cancer research across the state, has hired Ruth Rechis as its chief prevention officer. She comes to CPRIT from Houston’s University of Texas MD Anderson Cancer Center, where she led the Cancer Prevention and Control Platform.

Before joining MD Anderson, Rechis was a member of the executive leadership team at the Livestrong Foundation, an Austin-based nonprofit that supports people affected by cancer.

“Ruth has widespread connections throughout the cancer prevention community, both in Texas and across the nation,” CPRIT CEO Kristen Doyle said in a news release. “She is a long-term passionate supporter of CPRIT, and she is very familiar with our process, programs, and commitment to transparency. Ruth is a terrific addition to the team here at CPRIT.”

Rechis said that by collaborating with researchers, policymakers, public health leaders and community partners, CPRIT “can continue to drive forward proven prevention strategies that improve health outcomes, lower long-term costs, and create healthier futures for all.”

At MD Anderson, Rechis and her team worked with more than 100 organizations in Texas to bolster cancer prevention initiatives at clinics and community-based organizations.

Rechis is a longtime survivor of Hodgkin lymphoma, a type of cancer that affects the lymph nodes, which are part of a person’s immune system.