What's Houston's role in the modern era for aerospace? And how can the industry foster public-private collaboration? Experts weighed in at a recent event. Photo via NASA

The aerospace industry — much more than other sectors — is run by a mixture of civil, commercial, and military players. And each of these verticals operate very differently.

At a Houston Tech Rodeo event called "Lasso the Moon" put on by Space Force Association and TexSpace, aerospace experts representing various entities — from startups to big tech to education and military organizations — discussed the future of space innovation.

Missed the conversation? Here are five key moments from the event, which included several talks and a panel at The Ion on Monday, February 28.

 "In this age of rapid advancement, Houston has to take an active stance on supporting space innovation. Leaders must leverage all that this great city and our community have to offer, and we must align civil, commercial, and academic communities to work together to build an effective space innovation ecosystem."

— Mayor Sylvester Turner says at the event's welcome address. “Ever since Houston was the first said from the surface of the moon, Houston has been known as the Space City," he says.

“How is the tech industry going so fast in updating their technology, but the government is struggling? … The system is not designed to innovate.”

— United States Space Force Lt. Gen. Chance Saltzman says, addressing innovation in space and war operations. He adds, "The system is designed to just do continuous improvement on existing capability. When we talk about the need to shift or jump and revolutionize the technology we are using, there are a lot of things at play working against us."

“Houston is the global energy capital, human spaceflight capital of the world, and has the biggest medical center of the world. All of these sectors are heavily dependent on innovation and technology. And many of these technologies overlap. It’s time to switch to technology verticals.”

— David Alexander, professor in the department of physics and astronomy at Rice University, says in a call for industries in Houston to work together. "If you focus on the technologies, then collaboration happens."

"Houston intimately understands innovation. We come from a city of wildcatters."

— Sarah Duggleby, CEO and cofounder of Venus Aerospace, says in her talk about how she's growing her California-founded company in its new Houston headquarters. She added that Texas makes it "infinitely easier to do business."

"Innovation in our business usually equates to risk. Usually when we start to on a project, we like to use time-proven technologies. Creating onramps for technology and innovation has to be something that we plan."

— Sam Gunderson, lead of partnership development at NASA's Johnson Space Center, says adding: "The other thing that I think creates a challenge for innovation within industry that I think the government needs to improve on is that we often over-define our solution set when we try to (onboard new technology). Leaving room for innovation and for people to bring something in that doesn't solve the problem in the way we anticipated needs to be a part of the way we buy services."

"You're a private business — you're trying to grow, you're trying to scale, you need cash. The government has a lot of it. It's perfectly aligned – if you do it right." 

​— Enrique Oti, CTO at Second Front Systems, says on the process of getting grants and submitting RFPs within government agencies. "There are lots of way to do it, but the only way you can get there as a startup or small company is if you're blatantly asking for the money and information."

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Houston doctor aims to revolutionize hearing aid industry with tiny implant

small but mighty

“What is the future of hearing aids?” That’s the question that led to a potential revolution.

“The current hearing aid market and technology is old, and there are little incremental improvements, but really no significant, radical new ideas, and I like to challenge the status quo,” says Dr. Ron Moses, an ENT specialist and surgeon at Houston Methodist.

Moses is the creator of NanoEar, which he calls “the world’s smallest hearing aid.” NanoEar is an implantable device that combines the invisibility of a micro-sized tympanostomy tube with more power—and a superior hearing experience—than the best behind-the-ear hearing aid.

“You put the NanoEar inside of the eardrum in an in-office procedure that takes literally five minutes,” Moses says.

As Moses explains, because of how the human cochlea is formed, its nerves break down over time. It’s simply an inevitability that if we live long enough, we will need hearing aids.

“The question is, ‘Are we going to all be satisfied with what exists?’” he asks.

Moses says that currently, only about 20 percent of patients who need hearing aids have them. That’s because of the combination of the stigma, the expense, and the hassle and discomfort associated with the hearing aids currently available on the market. That leaves 80 percent untapped among a population of 466 million people with hearing impairment, and more to come as our population ages. In a nearly $7 billion global market, that additional 80 percent could mean big money.

Moses initially patented a version of the invention in 2000, but says that it took finding the right team to incorporate as NanoEar. That took place in 2016, when he joined forces with cofounders Michael Moore and Willem Vermaat, now the company’s president and CFO, respectively. Moore is a mechanical engineer, while Vermaat is a “financial guru;” both are repeat entrepreneurs in the biotech space.

Today, NanoEar has nine active patents. The company’s technical advisors include “the genius behind developing the brains in this device,” Chris Salthouse; NASA battery engineer Will West; Dutch physicist and audiologist Joris Dirckx; and Daniel Spitz, a third-generation master watchmaker and the original guitarist for the famed metal band Anthrax.

The NanoEar concept has done proof-of-concept testing on both cadavers at the University of Antwerp and on chinchillas, which are excellent models for human hearing, at Tulane University. As part of the TMC Innovation Institute program in 2017, the NanoEar team met with FDA advisors, who told them that they might be eligible for an expedited pathway to approval.

Thus far, NanoEar has raised about $900,000 to get its nine patents and perform its proof-of-concept experiments. The next step is to build the prototype, but completing it will take $2.75 million of seed funding.

Despite the potential for making global change, Moses has said it’s been challenging to raise funds for his innovation.

“We're hoping to find that group of people or person who may want to hear their children or grandchildren better. They may want to join with others and bring a team of investors to offset that risk, to move this forward, because we already have a world-class team ready to go,” he says.

To that end, NanoEar has partnered with Austin-based Capital Factory to help with their raise. “I have reached out to their entire network and am getting a lot of interest, a lot of interest,” says Moses. “But in the end, of course, we need the money.”

It will likely, quite literally, be a sound investment in the future of how we all hear the next generation.

Houston VC funding surged in Q1 2025 to highest level in years, report says

by the numbers

First-quarter funding for Houston-area startups just hit its highest level since 2022, according to the latest PitchBook-NVCA Venture Monitor. But fundraising in subsequent quarters might not be as robust thanks to ongoing economic turmoil, the report warns.

In the first quarter of 2025, Houston-area startups raised $544.2 million in venture capital from investors, PitchBook-NVCA data shows. That compares with $263.5 million in Q1 2024 and $344.5 million in Q1 2023. For the first quarter of 2022, local startups nabbed $745.5 million in venture capital.

The Houston-area total for first-quarter VC funding this year fell well short of the sum for the Austin area (more than $3.3 billion) and Dallas-Fort Worth ($696.8 million), according to PitchBook-NVCA data.

While first-quarter 2025 funding for Houston-area startups got a boost, the number of VC deals declined versus the first quarters of 2024, 2023 and 2022. The PitchBook-NVCA Monitor reported 37 local VC deals in this year’s first quarter, compared with 45 during the same period in 2024, 53 in 2023, and 57 in 2022.

The PitchBook-NVCA report indicates fundraising figures for the Houston area, the Austin area, Dallas-Fort Worth and other markets might shrink in upcoming quarters.

“Should the latest iteration of tariffs stand, we expect significant pressure on fundraising and dealmaking in the near term as investors sit on the sidelines and wait for signs of market stabilization,” the report says.

Due to new trade tariffs and policy shifts, the chances of an upcoming rebound in the VC market have likely faded, says Nizar Tarhuni, executive vice president of research and market intelligence at PitchBook.

“These impacts amplify economic uncertainty and could further disrupt the private markets by complicating investment decisions, supply chains, exit windows, and portfolio strategies,” Tarhuni says. “While this may eventually lead to new domestic investment and create opportunities, the overall environment is facing volatility, hesitation, and structural change.”