BCM receives $50M for new tower, Houston named a top metro for entrepreneurs, and more trending news
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Editor's note:Let's roundup the most-read Houston innovation news from the week. Trending Houston tech and startup articles from InnovationMap and its daily newsletter included the an ongoing health care tower's new funding, events not to miss for October, and more.
Rising Houston health care tower secures $50M in donations
The tower, set for completion in 2026, will be the new home of the School of Medicine and the School of Health Professions. Rendering courtesy of SLAM Architecture
Houston’s Baylor College of Medicine has received more than $50 million in donations for construction of the Lillie and Roy Cullen Tower.
The tower, originally announced last year and set for completion in 2026, will be the new home of the School of Medicine and the School of Health Professions.
“Thanks to tremendous support from the community, we have raised almost $150 million in philanthropy for the new state-of-the-art home for the School of Medicine and School of Health Professions. Cullen Tower isn’t just an investment in infrastructure, but an investment in the health and well-being of future generations,” Dr. Paul Klotman, president, CEO, and executive dean at the Baylor College of Medicine, says in a news release. Continue reading.
Houston scores top ranking of best cities for entrepreneurs
The Bayou City ranks highly thanks to a high quality-of-living score, lack of a state income tax and state capital gains tax, and a state sales tax rate of 6.25 percent. Photo by Natalie Harms/InnovationMap
Houston joins Dallas and Austin in a new ranking of the 10 best U.S. cities for entrepreneurs to live.
Houston appears at No. 7 on the list, compiled by SumUp, which provides payment and banking services for businesses. In part, Bayou City ranks highly thanks to a high quality-of-living score. Houston also fares well due to the lack of a state income tax and state capital gains tax, and a state sales tax rate of 6.25 percent. Continue reading.
Houston energy, innovation leader dies after hard-fought battle with cancer
Scott Gale, executive director for Halliburton Labs, has died, leaving behind a legacy of innovation, collaboration, and curiosity. Photo via Rice University
Houston energy and innovation leader Scott Gale died on September 24 after a years-long fight with cancer. He was 40 years old.
Gale was the inaugural executive director for Halliburton Labs, which launched in 2020. Prior to that role, he lead global strategy initiatives for Halliburton. A Brigham Young University graduate, he received his MBA from Rice University in 2019, where he co-founded the Jones Student Association for Executives. After his graduation, he served on the the Rice Business Alumni Association Board and the Energy Advisory Board for the Rice Alliance Clean Energy Accelerator.
"Scott made an impact with his incredible kindness, energy, and talent," Dale Winger, managing director at Halliburton Labs, tells InnovationMap. Continue reading.
Houston clean energy company secures $53M series C investment
Utility Global’s technology enables reduction of greenhouse gas emissions along with generation of low-carbon fuels and chemicals. Photo courtesy of Utility Global
Houston-based Utility Global, a maker of decarbonization-focused gas production technology, has raised $53 million in an ongoing series C round.
Among the participants in the round are Canada’s Ontario Power Generation Pension Plan, the XCarb Innovation Fund operated by Luxembourg-based steel company ArcelorMittal, Houston-based investment firm Ara Partners, and Saudi Aramco’s investment arm. Continue reading.
10+ can't-miss Houston business and innovation events for October
Don't miss these October events — from expos and conferences to panels and pitch days. Photo via Getty Images
From networking meetups to pitch competitions, October is lined with opportunities for Houston innovators.
Here's a roundup of events you won't want to miss out on so mark your calendars and register accordingly. Continue reading.
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