Ghazal Qureshi wanted to engage her own kids in educational activities. Now, her programing has expanded worldwide. Courtesy of Idea Lab Kids

Ghazal Qureshi was looking for a way to engage her children in after school education. After failing to find anything that existed, she started brainstorming a new, engaging education model.

"From the beginning, we were never restricted by trying to make money. It was a passion project only," Qureshi says.

Qureshi turned her passion project into IDEA Lab Kids, an education program focused on STEAM, which stands for science, technology, engineering, arts, and math. She opened 18 locations in Houston, and, two years ago, she expanded the brand into a franchise business — the Idea Lab International Franchise Company. Now the company has locations across the United States and around the world.

The passion she had at Idea Lab's start has become an essential part of each franchise location, and Qureshi is seeking out franchise partners just as passionate to "take our idea far and wide," she says

"We are educating the future innovators and entrepreneurs of tomorrow," Qureshi says.

Front of class
Idea Lab locations around the country are engaging children from pre-k through high school in hands-on projects that reflect their own interests. Qureshi's goal is to take learning beyond the classroom.

"Anytime kids are out of school, Idea Lab is in session," says Qureshi.

Qureshi recalls that when fidget spinners were dubbed a distraction in traditional schools, children in Idea Labs were studying how the toy's motor operates, and were actually creating their own spinners using 3-D printers.

"Idea Lab picks up the slack in areas that traditional schools are unequipped to excel," explains Qureshi.

Small class sizes, and an array of technology and materials give children attending their after-school programs, weekend workshops, summer camps, or birthday parties the opportunity to use technologies that they may not otherwise be exposed to.

"You'll never see our kids just listening to lectures; it's all project-based," she says. "We are training them for the skills they will need for their jobs in the next 5, 10, 15 years."

Getting the ball rolling
Qureshi began Idea Lab in Houston seven years ago, inspired by the challenge of raising her own children with quality STEAM education.

"My background is in IT," she explains, "but I felt like I was really missing out on being part of my children's lives, so I decided to leave corporate life. I put my energy into my kids and finding the best educational opportunities for them. But I realized there was a void."

With the need to build and create inherent in her personality, Qureshi quickly saw her new company begin to grow.

Qureshi's oldest son, now headed for college, is a big part of her personal success story with her Idea Lab program. She saw his creativity and motivation for learning blossom throughout his years of Idea Lab classes such as coding movie production, or robotics. Qureshi is excited that Idea Lab still provides the same educational boost to thousands of children that she saw so profoundly impact her son.

Especially after her experience in starting her own business, Qureshi wants to encourage future entrepreneurs through Idea Lab's entrepreneurship program. Projects that children develop within this program embody all aspects of the blended learning STEAM model, plus a good measure of critical thinking and creativity. Children may build their own restaurant, and as founders, managers, and chefs, they must create menus and pricing, recipes with units of measure, 3-D printed objects such as spoons, and navigate other realities of owning a small business. Equally as important, children must learn to collaborate toward common goals, and utilize each other's strengths.

Ready for graduation
The company is actively looking for expansion opportunities and prospective franchisees.

"The ideal franchisee," Qureshi says, "is someone who 'gets' the void in the education, understands the education industry, or has kids for whom they haven't been able to find great programs for."

Thus far, Idea Lab has 52 assigned territories in the United States, six in Canada, one opening soon in Ecuador, and talks are beginning with other country partners. Although for Qureshi, founding Idea Lab from the ground up required countless hours of dedication.,

"When you buy a franchise, everything is all worked out for you, all the hardship has been taken out of it, as someone has already done the trial and error," Qureshi says.

Idea Lab provides materials and models for everything from tested and vetted curriculum to implementation of their programs, making it as easy as possible to hit the ground running.

As Idea Lab keeps its finger on the pulse of the next wave of innovation to motivate children, and grow their business, they are looking for partners who are interested in helping to provide a creative education to the community.

As Qureshi always tells parents, "with a little bit of a push, you'll be surprised by how many new things kids can learn through their own exploration, if given the opportunity."

According to a report, Texas residents are among the least educated. It's up to the current Texas legislative session to implement a funding policy to improve state education. Pexels

Texas ranks among the least educated states, according to a new study

Needs improvement

When it comes to a population's education, Texans fall in the back of the pack compared to the rest of the country. A recent WalletHub report found that the state was the 12th least educated in America.

The study factored in a total of 20 metrics surrounding educational attainment, quality of schools, and achievement gaps between minorities and genders.

Texas ranked No. 39 overall, however the state managed to rank No. 19 regarding the quality of education. In fact, the state was right in the middle of the pack at No. 26 in the ranking of average university quality. The Lone Star State's downfall might have been coming in at No. 43 in the educational attainment rank.

The top five most educated states according to WalletHub were Massachusetts, Maryland, Vermont, Connecticut, and Colorado, respectively. Earning the titles of least educated states were Mississippi, West Virginia, Louisiana, Arkansas, and Alabama, in that order.

When WalletHub compared the states' annual median household income rankings to the overall education ranking, the results seemed to be pretty proportional for the states. However, Texas was a bit of an outlier with a better ranking of No. 21 on the income report compared to its No. 39 spot in education.

Last fall, WalletHub found that the state's teaching environment wasn't anything to write home about either. That study factored in teacher salaries, classroom size, and per-student funding from the state, among other aspects.

The 86th Texas Legislature started earlier this month, and at the top of the agenda for the governor is school finance, according to the Texas Tribune, but legislators will be demanding results for whatever funding plan is put in place. As of Friday, however, the Tribune reports that there haven't been very many bills addressing education — and none had outcomes-based incentives.

Last legislative session, a bill established the Texas Commission on Public School finance, according to the Texas Education Agency. The commission recommended a total of $800 million be spent on incentives for improving reading levels and keeping students on track for graduation.

Only time will tell whether legislators take into account the commission's results in the current legislative session, which is expected to conclude on May 27.

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Houston biopharma company launches equity crowdfunding campaign

money moves

A clinical-stage company headquartered in Houston has opened an online funding campaign.

FibroBiologics, which is developing fibroblast cell-based therapeutics for chronic diseases, launched a campaign with equity crowdfunding platform StartEngine. The platform lets anyone — regardless of their net worth or income level — to invest in securities issued by startups.

The funding, according to a press release, will be used to support ongoing operations of Fibrobiologics and advance its clinical programs in multiple sclerosis, degenerative disc disease, wound care, extension of life, and cancer.

"We're excited to partner with StartEngine on this campaign. StartEngine has over 600,000 investors as part of their community and has raised over half a billion dollars for its clients," says FibroBiologics' Founder and CEO Pete O'Heeron, in the release.

"This is an exciting time at FibroBiologics as we continue progressing our clinical pipeline and developing innovative therapies to treat chronic diseases," he continues. "This new funding will fuel our growth in the lab and bring us one step closer to commercialization."

The campaign, launched this week, already has over 100 investors, at the time of publication, and has raised nearly $2 million, according to the page. The minimum investment is set at around $500, and the company's indicated valuation is $252.57 million.

In 2021, FibroBiologics announced its intention of going public. Last year, O'Heeron told InnovationMap on the Houston Innovators Podcast of the company's growth plans as well as the specifics of the technology.

Only two types of cells — stem cells and fibroblasts — can be used in cell therapy for a regenerative treatment, which is when specialists take healthy cells from a patient and inject them into a part of the body that needs it the most. As O'Heeron explains in the podcast, fibroblasts can do it more effectively and cheaper than stem cells.

"(Fibroblasts) can essentially do everything a stem cell can do, only they can do it better," says O'Heeron. "We've done tests in the lab and we've seen them outperform stem cells by a low of 50 percent to a high of about 220 percent on different disease paths."


Texas ranks as a top state for female entrepreneurs

women in business

Texas dropped three spots in Merchant Maverick’s annual ranking of the top 10 states for women-led startups.

The Lone Star State landed at No. 5 thanks in part to its robust venture capital environment for women entrepreneurs. Last year, Texas ranked second, up from its No. 6 showing in 2021.

Merchant Maverick, a product comparison site for small businesses, says Texas “boasts the strongest venture capital scene” for women entrepreneurs outside California and the Northeast. The state ranked fourth in that category, with $6.5 billion invested in the past five years.

Other factors favoring Texas include:

  • Women solely lead 22 percent of all employees working for a business in Texas (No. 4).
  • Texas lacks a state income tax (tied for No. 1).

However, Texas didn’t fare well in terms of the unemployment rate (No. 36) and the rate of business ownership by women (No. 29). Other Texas data includes:

  • Average income for women business owners, $52,059 (No. 19).
  • Early startup survival rate, 81.9 percent (No. 18).

Appearing ahead of Texas in the 2023 ranking are No. 1 Colorado, No. 2 Washington, No. 3 California, and No. 4 Arizona.

Another recent ranking, this one from NorthOne, an online bank catering to small businesses, puts Texas at No. 7 among the 10 best states for women entrepreneurs.

NorthOne says Texas provides “a ton of opportunities” for woman entrepreneurs. For instance, it notches one of the highest numbers of women-owned businesses in the country at 1.4 million, 2.1 percent of which have at least 500 employees.

In this study, Texas is preceded by Colorado at No. 1, Nevada at No. 2, Virginia at No. 3, Maryland at No. 4, Florida at No. 5, and New Mexico at No. 6. The rankings are based on eight metrics, including the percentage of woman-owned businesses and the percentage of women-owned businesses with at least 500 employees.