Pictured: Nancy and Richard Kinder. Photo by Michelle Watson/Catchlight Group

Houston billionaires Rich and Nancy Kinder plan to donate an astounding 95% of their multi-billion-dollar wealth to charities, they told ABC13's Melanie Lawson.

The news comes as the Kinder Foundation announced an $18.5 million expansion project for Emancipation Park in the heart of Third Ward. That historic park was founded by slaves in 1872.

The Kinders are one of the wealthiest couples in the nation, worth $11.4 billion, according to Forbes. You've certainly seen the Kinder name on buildings and facilities around the city of Houston.

The Kinders are also among the most generous, giving away hundreds of millions to Houston institutions and charities. Their plan is to give away almost all of their wealth, or more than $10 billion.

Rich Kinder helped build oil and gas pipeline giant Kinder Morgan, but he stepped down as CEO more than a decade ago for a what he calls a bigger cause.

"Well, I think we'd all like to leave the world a little better place than we found it," he said. "And we just felt early on that the right thing to do was to try to give most or all of that away. So that's what we plan to do during our lifetime and after our death."

They found kindred spirits as one of the first couples to sign The Giving Pledge, established by billionaires Bill and Melinda Gates and Warren Buffett.

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Continue reading the full story, with video, on ABC13.com.

Nancy and Rich Kinder gifted $50M to their eponymous center. Photo courtesy

Houston's biggest benefactors gift massive $50M to pivotal Rice University institute

big money

Houston’s most generous couple has once again gifted a massive sum to a local institution. Rich and Nancy Kinder’s Kinder Foundation has donated $50 million to Rice University’s Kinder Institute for Urban Research, the organization announced.

The Kinder's generous grant will assist the institute’s focus on what it dubs “inclusive prosperity” — that is, “ensuring that everyone can contribute to Houston's success and share in its opportunities.”

This new grant follows the approximately $30 million he Kinder Foundation previously gifted Rice’s Kinder Institute and its affiliates to facilitate its headquarters.

“Over the past decade, the Kinder Institute has played an integral role in shaping Houston,” said Rich Kinder, chairman of the Kinder Foundation. “However, we can do more to inform and more directly address the challenges our communities face, particularly in the areas of housing, education, economic mobility, health and population research.”

To that end, the Kinders’ funds will ensure the institute can assist its partners regardless of their ability to pay for research. Funds will also help the institute respond to community research needs quickly during times of crisis — such as a catastrophic storm or pandemic — when funds aren’t readily available.

Kinder Institute director Ruth López Turley calls the grant “a gift to all of Houston,” speaking to the institute’s work to improve lives through data, research, engagement and action.

“Inclusive prosperity doesn’t just happen spontaneously,” she noted in a statement. “It requires an explicit effort informed by research. Lots of organizations are working hard to make things better, but most of them have very limited research capacity, and that’s what the Kinder Institute is primed to do.”

Founded in 2010, the institute has evolved into a leader in research, data, and policy analysis of critical issues such as housing, transportation, and education. The institute also releases the familiar Kinder Houston Area Survey, which charts significant changes in the way area residents perceive and understand Houston’s ongoing challenges and opportunities.

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This article originally ran on CultureMap.

Richard Kinder once again lands on this prestigious list. Photo courtesy of BBVA

11 Houston billionaires join Elon Musk on Forbes' list of the world's richest

mo' money

In the battle of the world’s billionaires, a newly minted Texan comes out on top — and nearly a dozen Houstonians fare quite well.

Forbes magazine’s new ranking of the world’s richest people puts Texas transplant Elon Musk at No. 1, with a net worth of $219 billion. That’s up from $151 billion in 2021, $24.6 billion in 2020, $22.3 billion in 2019, and $19.9 billion in 2018. The CEO of Austin-based vehicle manufacturer Tesla and leader of a host of other businesses, Musk was ranked second on Forbes’ 2021 list. He sat behind Amazon founder Jeff Bezos, whose net worth in 2021 was pegged at $177 million. This year, Forbes estimates Bezos’ net worth is $171 billion.

Here in Houston, 11 locals land on the prestigious list. They are:

  • Oil mogul Jeffery Hildebrand: tied for No. 316, $7.5 billion, up from $2 billion
  • Pipeline magnate Richard Kinder: tied for No. 316, $7.5 billion, up from $7 billion
  • Houston siblings and pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams: each tied for No. 375, $6.6 billion, up from $6 billion
  • Hospitality titan and Houston Rockets owner Tilman Fertitta: tied for No. 471, $5.6 billion, up from $4.6 billion
  • Houston software entrepreneur Robert Brockman: tied for No. 601, $4.7 billion, down from $6 billion
  • Toyota mega-dealer Dan Friedkin: tied for No. 665, $4.3 billion, up from $4.1 billion
  • Houston Texans owner Janice McNair: tied for No. 687, $4.2 billion, up from $4.1 billion
  • Hedge fund honcho John Arnold: tied for No. 913, $3.3 billion, unchanged from last year

Meanwhile, Nearly 30 other Texans appear in this year’s top 1,000. Here, they are grouped by where they live and their global ranking, 2022 net worth, and 2021 net worth.

Austin

  • Elon Musk, founder and CEO of Tesla: No. 1, $219 billion, up from $151 billion
  • Michael Dell, founder, chairman, and CEO of Round Rock-based Dell Technologies: No. 24, $55.1 billion, up from $45.1 billion
  • Venture capitalist Robert Smith: tied for No. 369, $6.7 billion, up from $6 billion
  • Tito’s Vodka baron Bert “Tito” Beveridge: tied for No. 637, $4.5 billion, down from $4.6 billion
  • Tech entrepreneur Thai Lee: tied for No. 709, $4.1 billion, up from $3.2 billion

Dallas

  • Dallas Cowboys owner Jerry Jones: tied for No. 185, $10.6 billion, up from $8.9 billion
  • Banking and real estate kingpin Andy Beal: tied for No. 201, $9.9 billion, up from $7.9 billion
  • Oil and real estate titan Ray Lee Hunt: tied for No. 386, $6.5 billion, up from $4.2 billion
  • Money manager Ken Fisher: tied for No. 509, $5.3 billion, down from $5.5 billion
  • Media magnate and Dallas Mavericks owner Mark Cuban: tied for No. 601, $4.7 billion, up from $4.4 billion
  • Oil and gas guru Trevor Rees-Jones: tied for No. 637, $4.5 billion, up from $4 billion
  • Hotel and investment titan Robert Rowling: tied for No. 637, $4.5 billion, up from $3.9 billion
  • Oil baron W. Herbert Hunt: tied for No. 665, $4.3 billion, up from $2 billion
  • Margot Birmingham Perot: widow of tech and real estate entrepreneur H. Ross Perot Sr., tied for No. 665, $4.3 billion, up from $4.1 billion
  • Oil and gas tycoon Kelcy Warren: tied for No. 728, $4 billion, up from $3.4 billion
  • Real estate bigwig H. Ross Perot, Jr.: tied for No. 951, $3.2 billion, up from $1.6 billion

Fort Worth

  • Walmart heiress Alice Walton: No. 18, $65.3 billion, up from $61.8 billion
  • Oil and investment guru Robert Bass: tied for No. 536, $5.1 billion, unchanged from last year
  • Private equity magnate David Bonderma: tied for No. 637, $4.5 billion, up from $4.1 billion
  • Investor and oilman Sid Bass: tied for No. 883, $3.4 billion, up from $2.9 billion

Elsewhere in Texas

  • Sports and entertainment mogul Stan Kroenke (Vernon): tied for No. 183, $10.7 billion, up from $8.2 billion
  • Walmart heiress Ann Walton Kroenke (Vernon): tied for No. 227, $9 billion, up from $8.4 billion
  • Oil tycoon Autry Stephens (Midland): tied for No. 552, $5 billion, not previously ranked

“The tumultuous stock market contributed to sharp declines in the fortunes of many of the world’s richest,” Kerry A. Dolan, assistant managing editor of Wealth at Forbes, says of this year’s ranking. “Still, more than 1,000 billionaires got wealthier over the past year. The top 20 richest alone are worth a combined $2 trillion, up from $1.8 trillion in 2021.”

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This article originally ran on CultureMap.

Nancy and Rich Kinder have donated $1 million to the United Way. Photo by Michelle Watson/Catchlight Group

Houston's billionaire benefactors gift another $1 million to citywide charity

a united front

Arguably Houston’s most recognizable benefactors, Rich and Nancy Kinder have done it again. The billionaire couple, known for mammoth donations throughout the city, have just donated $1 million to the United Way of Greater Houston, the organization announced.

According to the United Way, the Kinders’ gift addresses the impact of the pandemic on the local economy, and how it has raised unemployment, drained household finances, and strained nonprofit basic needs resources.

“Lifting up the many hard-working families and individuals in our community and supporting their pathway to self-sufficiency is an effective and critically important approach,” said Nancy Kinder, president and CEO of the Kinder Foundation. “We support United Way of Greater Houston’s new strategic vision because we recognize the impact it can have on those seeking a sustainable quality of life.”

As CultureMap has previously reported, the Kinders are longtime donors to the United Way; this is the third consecutive year the couple has made a $1 million campaign gift at the nonprofit’s Luminary Leadership Giving level.

That Luminary Leadership Giving level is the highest within United Way of Greater Houston’s Alexis de Tocqueville Society, which is a group of generous individuals currently numbering more than 700. The group is noted for making gifts of $10,000 or more annually to United Way of Greater Houston. The group contributed more than $17 million to United Way last year, per a press release.

This year, the Kinders landed on the annual Forbes list of the wealthiest Americans. Houstonians will no doubt recognize the couple from other hefty local allotments, including the game-changing, $70 million donation to Memorial Park.

They are also behind the stunning and newly opened Nancy and Rich Kinder Building at the Museum of Fine Arts, Houston.

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This article originally ran on CultureMap.

Richard and Nancy Kinder are among America's most wealthy. Photo by Michelle Watson/Catchlight Group

Richard Kinder and 10 other Houston billionaires cash in on Forbes list of richest Americans

where's the money

Never one to overtly draw attention to himself, Houston pipeline magnate — and Memorial Park benefactorRichard Kinder has landed on a coveted list, as have 10 other Houstonians.

Forbes has released the Forbes 400 list of richest Americans, and Kinder ranks eighth in Texas and 128th nationally with an estimated net worth of $7.1 billion.

Meanwhile, Houston hospitality king and Rockets owner Tilman Fertitta ranks 11th in Texas and 158th nationally with an estimated net worth of $6.3 billion.

Houston pipeline heirs Dannine Avara, Scott Duncan, Milane Frantz, and Randa Duncan Williams tie for 12th place in Texas and tie for 161st nationally. Each has an estimated net worth of $6.2 billion.

Software entrepreneur Robert Brockman ranks 19th in Texas and ties for 229th nationally with a net worth of $4.7 billion.

Oil mogul Jeffery Hildebrand ranks 20th in Texas and ties for 240th nationally with a net worth of $4.6 billion.

Toyota mega-dealer Dan Friedkin ranks 24th in Texas and ties for 253rd with an estimated net worth of $4.4 billion.

Houston Texans owner Janice McNair of Houston ranks 26th in Texas and ties for 269th nationally with an estimated net worth of $4.2 billion.

Finally, local hedge fund honcho John Arnold ties for 30th in Texas and ties for 358th nationally with an estimated net worth of $3.3 billion.

Here's how billionaires from other major metros in Texas fared on the Forbes 400 list.

Austin

No shocker here: Tesla and SpaceX guru Elon Musk ranks No. 2 among the richest Americans and No. 1 among the richest Texans. What is shocking, however, is how much Musk's net worth skyrocketed from 2020 to 2021. Hint: It's more than $100 billion.

This year, the Forbes 400 estimates his net worth stood at $190.5 billion as of September 3. To give that some context, the size of the economy in the state of Kansas exceeds $193 billion.

Last year, Musk's estimated net worth was $68 billion. This means that from 2020 to 2021, his net worth exploded by $122.5 billion, or 180 percent.

Among the richest Americans, only Amazon's Jeff Bezos beats Musk — but not by much. The Forbes 400 pegs Bezos' net worth at $201 billion as of September 3, up from $179 billion at the same time last year.

Forbes lists Musk's residence as Austin, although he has said he spends much of his time in Boca Chica. The Texas Gulf Coast community hosts Starbase, a launch site for SpaceX rockets. Regardless of precisely where he lives, Musk does spend a lot of time in the Austin area, where Tesla is building a $1.1 billion vehicle manufacturing plant. Musk relocated to Texas last year.

Before Musk arrived in the Lone Star State, Walmart heir Alice Walton of Fort Worth ranked as the richest person in Texas. She's now in second place, with a net worth estimated at $67.9 billion. Walton ranks as the 12th richest American and richest American woman on this year's Forbes 400.

Aside from Musk, Austin billionaires who appear on the Forbes 400 are:

  • Michael Dell, founder, chairman, and CEO of Round Rock-based Dell Technologies. Estimated net worth: $50.1 billion. Texas rank: No. 3. U.S. rank: No. 18.
  • Robert Smith, founder, chairman, and CEO of private equity firm Vista Equity Partners. Estimated net worth: $6.7 billion. Texas rank: No. 9. U.S. rank: No. 141.
  • Vodka titan Bert "Tito" Beveridge. Estimated net worth: $4.8 billion. Texas rank: No. 18. U.S. rank: No. 224 (tie).
  • IT entrepreneur Thai Lee. Estimated net worth: $4.1 billion. Texas rank: No. 27 (tie). U.S. rank: No. 273 (tie).
  • Software entrepreneur Joe Liemandt. Estimated net worth: $3 billion. Texas rank: No. 33 (tie). U.S. rank: No. 377 (tie).
  • Jim Bryer, founder and CEO of venture capital firm Bryer Capital. Estimated net worth: $2.9 billion. Texas rank: 35 (tie). U.S. rank: No. 389 (tie).

Dallas-Fort Worth

Banking and real estate mogul Andy Beal of Dallas holds the No. 5 spot in Texas and No. 78 nationally. His estimated net worth is $9.9 billion.

Dallas Cowboys owner Jerry Jones of Dallas sits at No. 7 in Texas and No. 86 nationally with an estimated net worth of $9.1 billion.

Money manager Ken Fisher of Dallas ranks 10th in Texas and 151st nationally with an estimated net worth of $6.4 billion.

Oil and real estate titan Ray Lee Hunt of Dallas ranks 16th in Texas and ties for 188th nationally with an estimated net worth of $5.7 billion.

Oil and investment mogul Robert Bass of Fort Worth ranks 17th in Texas and ties for 212th nationally with an estimated net worth of $5 billion.

Private equity kingpin David Bonderman of Fort Worth ties for 21st in Texas and ties for 247th nationally with an estimated net worth of $4.5 billion.

Media magnate and Dallas Mavericks owner Mark Cuban of Dallas ties for 21st in Texas and ties for 247th nationally with an estimated net worth of $4.5 billion.

Oil and gas honcho Trevor Rees-Jones of Dallas ties for 21st in Texas and ties for 247th nationally with an estimated net worth of $4.5 billion.

Hotel and investment guru Robert Rowling of Dallas ranks 25th in Texas and ties for 261st nationally with an estimated net worth of $4.3 billion.

Margot Birmingham Perot of Dallas, widow of tech and real estate entrepreneur H. Ross Perot Sr., ties for 27th in Texas and ties for 273rd nationally with an estimated net worth of $4.1 billion.

Oil and gas tycoon Kelcy Warren of Dallas ranks 29th in Texas and ties for 289th nationally with an estimated net worth of $3.9 billion.

Real estate bigwig H. Ross Perot Jr. of Dallas ranks 32nd in Texas and 363rd nationally with an estimated net worth of $3.2 billion.

Homebuilder Donald Horton and family of Fort Worth tie for 35th in Texas and tie for 389th nationally with an estimated net worth of $2.9 billion.

Oil baron W. Herbert Hunt of Dallas ties for 35th in Texas and ties for 389th nationally with an estimated net worth of $2.9 billion.

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This article originally ran on CultureMap.

Nancy and Richard Kinder are the richest residents of Houston. Photo by Michelle Watson/Catchlight Group

17 Houstonians cash in on Forbes' 2021 list of world's billionaires

big money

Houston's unofficial benefactor, Richard Kinder, is officially the richest person in the Bayou City, according to Forbes 2021 list of the world's billionaires. Sixteen other uber-wealthy Houston-area residents join Kinder on that list.

But that's not the biggest news, statewide: Eclectic entrepreneur Elon Musk has officially knocked Walmart heiress Alice Walton of Fort Worth off her longtime perch as the richest person in Texas.

On April 6, Forbes released its 2021 list. Musk, CEO of Tesla and SpaceX, landed at No. 2 globally with a net worth of $151 billion. He sat at No. 31 in last year's ranking. Forbes lists Musk's place of residence as Austin, although he hasn't confirmed where in Texas he settled last year.

Now at No. 2 in Texas is Walton, whose net worth is $61.8 billion. That puts her at No. 17 on the global list.

Walton is the only daughter of Walmart founder Sam Walton; as of December 2020, the Walton family still reigned as the richest family in the U.S., with Alice Walton's wealth accounting for a little over one-fourth of the family fortune.

The only other Texan who comes close to Musk and Walton in the Forbes ranking is Michael Dell. The chairman and CEO of Round Rock-based Dell Technologies boasts a net worth of $45.1 billion. That places him at No. 30 on the global list and No. 3 in Texas.

In all, the Forbes list features 64 Texas billionaires collectively worth $460.1 billion. (What pandemic?) Among the state's metro areas, Dallas-Fort Worth leads with 27 billionaires, followed by Houston (17), Austin (10), and San Antonio (three).

What follows is a breakdown of Texas billionaires in other cities, including their global ranking, source of wealth, and estimated net worth.

Houston:

  • Richard Kinder, pipelines, No. 369, $7 billion
  • Dannine Avara, pipelines, No. 451, $6 billion
  • Robert Brockman, software, No. 451, $6 billion
  • Scott Duncan, pipelines, No. 451, $6 billion
  • Milane Frantz, pipelines, No. 451, $6 billion
  • Randa Duncan Williams, pipelines, No. 451, $6 billion
  • Tilman Fertitta, Houston Rockets owner/food/entertainment, No. 622, $4.6 billion
  • Dan Friedkin, Toyota dealerships, No. 705, $4.1 billion
  • Janice McNair, Houston Texans owner and energy, No. 705, $4.1 billion
  • John Arnold, hedge funds, No. 925, $3.3 billion
  • Jeffery Hildebrand, oil, No. 1,580, $2 billion
  • Leslie Alexander, former Houston Rockets owner, No. 1,750, $1.8 billion
  • Fayez Sarofim, money management, No. 2,035, $1.5 billion
  • Jim Crane, Houston Astros owner and logistics, No. 2,141, $1.4 billion
  • Wilbur "Ed" Bosarge Jr., high-speed trading, No. 2,674, $1 billion

Two billionaires in the Houston suburbs also show up on the list:

  • Leo Koguan of Sugar Land, information technology services, No. 1,444, $2.2 billion
  • George Bishop of The Woodlands, oil and gas, No. 1,517, $2.1 billion

Fort Worth

  • Robert Bass, oil and investments, No. 550, $5.1 billion
  • David Bonderman, private equity, No. 705, $4.1 billion
  • Sid Bass, oil and investments, No. 1,064 $2.9 billion
  • Donald Horton, homebuilding, No. 1,299, $2.4 billion
  • Edward Bass, oil and investments, No. 1,444, $2.2 billion
  • Lee Bass, oil and investments, No. 1,664, $1.9 billion
  • John Goff, real estate, No. 2,263, $1.3 billion

Mark and Robyn Jones of Westlake, who derive their wealth from the insurance industry, appear at No. 1,249 on the Forbes list with an estimated net worth of $2.5 billion.

Dallas:

  • Jerry Jones, Dallas Cowboys owner, No. 264, $8.9 billion
  • Andy Beal, banking and real estate, No. 311, $7.9 billion
  • Mark Cuban, online media and Dallas Mavericks owner, No. 655, $4.4 billion
  • Ray Lee Hunt, oil and real estate, No. 680, $4.2 billion
  • Margot Birmingham Perot, technology and real estate, No. 705, $4.1 billion
  • Trevor Rees-Jones, oil and gas, No. 727, $4 billion
  • Robert Rowling, Omni Hotels and Gold's Gym, No. 752, $3.9 billion
  • Kelcy Warren, pipelines, No. 891, $3.4 billion
  • H. Ross Perot Jr., real estate, No. 1,174, $2.7 billion
  • Gerald Ford, banking, No. 1,249, $2.5 billion
  • Ray Davis, pipelines, No. 1,517, $2.1 billion
  • W. Herbert Hunt, oil, No. 1,580, $2 billion
  • Todd Wagner, online media, No. 1,664, $1.9 billion
  • Stephen Winn, real estate services, No. 1,664, $1.9 billion
  • Kenny Troutt, telecom, No. 2,035, $1.5 billion
  • Darwin Deason, software, No. 2,141, $1.4 billion
  • Timothy Headington, oil and gas/investments, No. 2,141, $1.4 billion
  • A. Jayson Adair, car salvage business, No. 2,674, $1 billion

Austin:

  • Elon Musk, Tesla and SpaceX, No. 2, $151 billion
  • Michael Dell, technology, No. 30, $45.1 billion
  • Robert F. Smith, private equity, No. 451, $6 billion
  • Bert "Tito" Beveridge, vodka, No. 622, $4.6 billion
  • Thai Lee, information technology, No. 956, $3.2 billion
  • Joe Liemandt, software, No. 1,008, $3 billion
  • John Paul DeJoria, hair care and tequila, No. 1,174, $2.7 billion
  • Jim Breyer, venture capital, No. 1,249, $2.5 billion
  • David Booth, mutual funds, No. 1,750, $1.8 billion
  • Whitney Wolfe Herd, Bumble dating app, No. 2,263, $1.3 billion

San Antonio:

  • Christopher "Kit" Goldsbury, salsa and private equity, No. 1,833, $1.7 billion
  • James Leininger, medical products, No. 2,035, $1.5 billion
  • Red McCombs, real estate/oil/car dealerships/sports/radio, No. 2,035, $1.5 billion
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This article originally ran on CultureMap.

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TMCi names 11 global startups to latest HealthTech Accelerator cohort

new class

Texas Medical Center Innovation has named 11 medtech startups from around the world to its latest HealthTech Accelerator cohort.

Members of the accelerator's 19th cohort will participate in the six-month program, which kicked off this month. They range from startups developing on-the-go pelvic floor monitoring to 3D-printed craniofacial and orthopedic implants. Each previously participated in TMCi's bootcamp before being selected to join the accelerator. Through the HealthTech Accelerator, founders will work closely with TMC specialists, researchers, top-tier hospital experts and seasoned advisors to help grow their companies and hone their clinical trials, intellectual property, fundraising and more.

“This cohort of startups is tackling some of today’s most pressing clinical challenges, from surgery and respiratory care to diagnostics and women’s health," Tom Luby, chief innovation officer at Texas Medical Center, said in a news release. "At TMC, we bring together the minds behind innovation—entrepreneurs, technology leaders, and strategic partners—to help emerging companies validate, scale, and deliver solutions that make a real difference for patients here and around the world. We look forward to seeing their progress and global impact through the HealthTech Accelerator and the support of our broader ecosystem.”

The 2025 HealthTech Accelerator cohort includes:

  • Houston-based Respiree, which has created an all-in-one cardiopulmonary platform with wearable sensors for respiratory monitoring that uses AI to track breathing patterns and detect early signs of distress
  • College Station-based SageSpectra, which designs an innovative patch system for real-time, remote monitoring of temperature and StO2 for assessing vascular occlusion, infection, and other surgical flap complications
  • Austin-based Dynamic Light, which has developed a non-invasive imaging technology that enables surgeons to visualize blood flow in real-time without the need for traditional dyes
  • Bangkok, Thailand-based OsseoLabs, which develops AI-assisted, 3D-printed patient-specific implants for craniofacial and orthopedic surgeries
  • Sydney, Australia-based Roam Technologies, which has developed a portable oxygen therapy system (JUNO) that provides real-time oxygen delivery optimization for patients with chronic conditions
  • OptiLung, which develops 3D-printed extracorporeal blood oxygenation devices designed to optimize blood flow and reduce complications
  • Bengaluru, India-based Dozee, which has created a smart remote patient monitor platform that uses under-the-mattress bed sensors to capture vital signs through continuous monitoring
  • Montclair, New Jersey-based Endomedix, which has developed a biosurgical fast-acting absorbable hemostat designed to eliminate the risk of paralysis and reoperation due to device swelling
  • Williston, Vermont-based Xander Medical, which has designed a biomechanical innovation that addresses the complications and cost burdens associated with the current methods of removing stripped and broken surgical screws
  • Salt Lake City, Utah-based Freyya, which has developed an on-the-go pelvic floor monitoring and feedback device for people with pelvic floor dysfunction
  • The Netherlands-based Scinvivo, which has developed optical imaging catheters for bladder cancer diagnostics

2025 Houston Innovation Awards winners revealed at annual event

The winners are...

After weeks of anticipation, the 2025 Houston Innovation Awards winners have been revealed. Finalists, judges, and VIPs from Houston's vibrant innovation community gathered on Nov. 13 at Greentown Labs for the fifth annual event.

This year, the Houston Innovation Awards recognized more than 40 finalists, with winners unveiled in 10 categories.

Finalists and winners were determined by our esteemed panel of judges, comprised of 2024 winners who represent various Houston industries, as well as InnovationMap editorial leadership. One winner was determined by the public via an online competition: Startup of the Year.

The program was emceed by Lawson Gow, Head of Houston for Greentown Labs. Sponsors included Houston City College Northwest, Houston Powder Coaters, FLIGHT by Yuengling, and more.

Without further adieu, meet the 2025 Houston Innovation Awards winners:

Minority-founded Business: Mars Materials

Clean chemical manufacturing business Mars Materials is working to convert captured carbon into resources, such as carbon fiber and wastewater treatment chemicals. The company develops and produces its drop-in chemical products in Houston and uses an in-licensed process for the National Renewable Energy Lab to produce acrylonitrile, which is used to produce plastics, synthetic fibers and rubbers. The company reports that it plans to open its first commercial plant in the next 18 months.


Female-founded Business, presented by Houston Powder Coaters: March Biosciences

Houston cell therapy company March Biosciences aims to treat unaddressed challenging cancers, with its MB-105, a CD5-targeted CAR-T cell therapy for patients with relapsed or refractory CD5-positive T-cell lymphoma, currently in Phase 2 clinical trials. The company was founded in 2021 by CEO Sarah Hein, Max Mamonkin and Malcolm Brenner and was born out of the TMC Accelerator for Cancer Therapeutics.

Energy Transition Business: Eclipse Energy

Previously known as Gold H2, Eclipse Energy converts end-of-life oil fields into low-cost, sustainable hydrogen sources. It completed its first field trial this summer, which demonstrated subsurface bio-stimulated hydrogen production. According to the company, its technology could yield up to 250 billion kilograms of low-carbon hydrogen.

Health Tech Business: Koda Health

Koda Health has developed an advance care planning platform (ACP) that allows users to document and share their care preferences, goals and advance directives for health systems. The web-based platform guides patients through values-based decisions with interactive tools and generates state-specific, legally compliant documents that integrate seamlessly with electronic health record systems. Last year, the company also added kidney action planning to its suite of services for patients with serious illnesses. In 2025, it announced major partnerships and integrations with Epic, Guidehealth, and others, and raised a $7 million series A.

Deep Tech Business: Persona AI

Persona AI is building modularized humanoid robots that aim to deliver continuous, round-the-clock productivity and skilled labor for "dull, dirty, dangerous, and declining" jobs. The company was founded by Houston entrepreneur Nicolaus Radford, who serves as CEO, along with CTO Jerry Pratt and COO Jide Akinyode. It raised eight figures in pre-seed funding this year and is developing its prototype of a robot-welder for Hyundai's shipbuilding division, which it plans to unveil in 2026.

Scaleup of the Year: Fervo Energy

Houston-based Fervo Energy is working to provide 24/7 carbon-free energy through the development of cost-competitive geothermal power. The company is developing its flagship Cape Station geothermal power project in Utah, which is expected to generate 400 megawatts of clean energy for the grid. The company raised $205.6 million in capital to help finance the project earlier this year and fully contracted the project's capacity with the addition of a major power purchase agreement from Shell.

Incubator/Accelerator of the Year: Greentown Labs

Climatetech incubator Greentown Labs offers its community resources and a network to climate and energy innovation startups looking to grow. The collaborative community offers members state-of-the-art prototyping labs, business resources and access to investors and corporate partners. The co-located incubator was first launched in Boston in 2011 before opening in Houston in 2021.

Startup of the Year (People's Choice): FlowCare

FlowCare is developing a period health platform that integrates smart dispensers, education, and healthcare into one system to make free, high-quality, organic period products more accessible. FlowCare is live at prominent Houston venues, including Discovery Green, Texas Medical Center, The Ion, and, most recently, Space Center Houston, helping make Houston a “period positivity” city.

Mentor of the Year, presented by Houston City College Northwest: Jason Ethier, EnergyTech Nexus

Jason Ethier is the founding partner of EnergyTech Nexus, through which he has mentored numerous startups and Innovation Awards finalists, including Geokiln, Energy AI Solutions, Capwell Services and Corrolytics. He founded Dynamo Micropower in 2011 and served as its president and CEO. He later co-founded Greentown Labs in Massachusetts and helped bring the accelerator to Houston.

2025 Trailblazer Award: Wade Pinder

Wade Pinder, founder of Product Houston, identifies as an "Ecosystem Wayseeker" and is the founder of Product Houston. A former product manager at Blinds.com, he has been deeply engaged in Houston’s startup and innovation scene since 2012. Over the years, he has supported hundreds of founders, product leaders, and community builders across the Houston area. In 2023, he was honored as Mentor of the Year in the Houston Innovation Awards.

America's first Ismaili Center set to open in Houston in December

Sneak Preview

The long-awaited Ismaili Center, Houston is set to open to the public next month. The 11-acre site has been painstakingly designed and constructed to offer indoor and outdoor public spaces for Houstonians to enjoy, connect, and engage. As the only Ismaili Center in the United States — and seventh in the world — it joins its international communities in London, Vancouver, Lisbon, Dubai, Dushanbe, and Toronto.

Nearly 20 years in the making, the Ismaili Center, Houston features a prayer hall, rotating art installations, a black box theater, a cafe, numerous social halls for weddings and other events, and nine acres of outdoor space and landscaped botanical gardens. Involved parties hope that the community will see the space as an extension of the neighboring parks along the bayou, and have included a garden entrance to the north lawn and gardens at the corner of Montrose Boulevard and Allen Parkway.

While Houston is known for its many community engagement centers, the architects and designers believe that the seamless integration of indoor and outdoor spaces sets the Ismaili Center, Houston apart from all others.

“What we know is the connections between buildings, environment, quality of life, and landscape — this is nothing new,” structural and facade engineer Hanif Kara says. “But, certainly, it’s hard to see that in other developments, particularly when they are done by developers. It’s quite difficult to find community spaces, and to see how quality of life is improved for everyone. I think we’ve all experienced that kind of hope that it will play out something like this.”

Designed by Farshid Moussavi Architecture and Nelson Byrd Woltz Landscape Architects, the remarkable 11-acre site is designed both to receive LEED Gold certification and to withstand the tests of Houston’s sometimes extreme weather conditions.

Principal architect Farshid Moussavi looks forward to seeing the Houston community utilize the space she’s worked so hard to deliver: “We’ve given the hardware to the community, now the software needs to come in. So I hope that there will be music recitals, or lectures, or book fairs, or other kinds of markets that can happen—even simultaneously. This is not an experiment, it’s the seventh in the world.”

Community welcome events are scheduled for December 12 and 13, but, until then, here are 10 features and things to know about the Ismaili Center, Houston.

What is the Ismaili Center, Houston?

“The use of the building is really meant for, or our hope, is that we are able to—on an enhanced view of what the community does today—have engagement on service projects, arts and culture, interfaith dialogue, and even just in bringing people together,” Omar Samji, Ismaili Council for the United States of America, says. “The notion of bringing people together in a place where it is easy to create connections because it’s an open space, and because it’s specifically designed to be a place where people interact and where people find commonality. Because whether you’re out in the gardens, or on the environs, or in the atrium, this enables connection.”

Who is His Highness the Aga Khan?

His Highness Prince Rahim Aga Khan V is the 50th hereditary Imam (spiritual leader) of the Shia Ismaili Muslims and a direct descendant of the Prophet Muhammad. He was educated at Philipps Academy in Andover and Brown University (Class of 1995). He became Imam in February 2025 upon the passing of his father, His Highness Prince Karim Aga Khan IV.

The Aga Khan promotes an understanding of Islam rooted in values of generosity, tolerance, pluralism, environmental stewardship, and the shared unity of humanity. He also chairs the Aga Khan Development Network (AKDN), one of the world’s largest private development agencies, which works across more than 30 countries to improve quality of life for marginalized communities regardless of faith or background.

The scale

The center stretches across an 11-acre site along Montrose Boulevard, from West Dallas to Allen Parkway. The physical building is 150,000 square feet, leaving nine acres for garden spaces on both the north and south sides of the building. The south side of the property is more formal, with gardens and community spaces that flank an 80-foot reflection pool and other water features. The gardens on the north side of the building are more informal, but densely planted and vast.

Photo by Iwan Baan

The creation

The development of the Ismaili Center was led by the Ismaili Council. It was initiated by His Highness Prince Karim Aga Khan IV (1936-2025), and completed under the leadership of his eldest son, Prince Rahim Aga Khan V.

The project was designed and constructed by a team of both local and international firms. Farshid Moussavi Architecture joined forces with structural and facade engineer Hanif Kara, co-founder and creative director of AKT II. DLR Group is the architect and engineer of record, while contractor McCarthy Building Companies built the project. Thomas Woltz, senior principal and owner of landscape architecture firm Nelson Byrd Woltz, along with principal Jeff Aten taking lead on the nine acres of garden space. The project is targeting LEED Gold certification.

The focus on native Texas plants and trees

The center will be recognized as a leading cultural asset for the City of Houston, complementing nearby institutions such as The Menil Collection, Rothko Chapel, Asia Society Texas, and the Museum of Fine Arts, Houston. While the surrounding gardens will add to the other notable Nelson Byrd Woltz projects within close proximity at Memorial Park, Rothko Chapel, and Rice University.

“We’ve been building massive projects in Houston for 12 years,” Woltz says. “We know the horticultural community in the region, and we did a deep, deep dive in ecological research to understand ‘What are the native plants of whatever region?’ It’s just baked into our process. Right when we are starting any project in Houston—right to the river. Look at the soils, ‘What are the plants appropriate to that place?’ Its solar aspect, its humidity, it’s moisture in soils, the shadow of the building.

But then, this idea of taking a section across the state of Texas, so that each of those distinct ecological regions is represented by one of the terraced gardens — so it’s very clear. It’s a diagram of the state of Texas and all of its native plants. This is functioning like a botanic garden and a repository for biodiversity — this is work in service.”

The eco-friendly exterior

The exterior of the building is clad in stone, a durable material with low embodied carbon. The stone cladding is a rainscreen over in-situ ‘fair-faced’ concrete walls, exposed on the interior to minimize additional material use. The concrete mix used has replaced 35-62 percent of Portland cement with fly ash and slag, reducing CO2 emissions by roughly 30 percent compared to standard mixes. The exterior stone rainscreen uses smaller tiles to increase the stone yield, utilizing 20-25 percent more of the irregular blocks they are cut from. This reduction in waste has also lent itself to crafting the cladding in a unique way.

The tessellation of the stone pieces changes across the building's surfaces to create different patterns on different sides of the buildings and at the corners. Relief stone tiles are used to add texture to the facades.

The space for outdoor events

The north-facing botanical gardens that will accommodate the 200-year flood plain offer a 27 foot gradient toward the building. This allowed for various levels of seating and gathering areas that culminate at an elevated terrace that will act as a stage for various events such as plays and concerts. Attendees can stretch out and enjoy the shows from an extensive lawn area that is surrounded by dense gardens of native trees and plants.

The black box theater

A 2,600-square-foot black box multipurpose space which seats 125 people is found on the second floor of the building’s west wing. It can host public events, such as exhibitions, film screenings, theatrical performances, music recitals, and other artistic programs throughout the year. It will also serve as a flexible space for teaching and learning. With acoustic isolation to surrounding spaces and the mechanical mezzanine above, it is designed to operate simultaneously without disrupting other events in the building. Design includes an upper-level control room, pipe grid, and flexible drapery and seating configurations to allow for a wide variety of programming.

The cafe

The center’s café is a 1,600-square-foot, double-height space located in the west wing (Montrose side) that opens onto an enormous terrace, offering visitors the option to enjoy their coffee or food outdoors. The terrace near the cafe is lined by an exterior wall and long, trough-style fountains that aid in noise reduction from Montrose Boulevard. The second-floor wall overlooking the Café is fully glazed, creating visual connection with the levels above.

The prayer hall

The prayer hall is 12,240 square feet, featuring a unique structural system of seven interlocking squares, formed from steel beams spanning the 115-by-115-foot open space. These beams are clad in concrete to enhance durability, beneath which lies a two-layer perforated aluminum ceiling with integrated diffused lighting. Its intricate pattern recalls the traditional jālī screens of Islamic architecture creating a soft, seemingly infinite ceiling effect, adding to the serenity of the prayer hall.

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A version of this article first appeared on CultureMap.com