Rice University tops best schools in Texas list

Top of the class

Rice University — sometimes known as the "Ivy League of the South" — has been ranked as the best school in the Lone Star State. Courtesy of Rice University

By any measure, Rice University is a top-tier academic institution, lauded locally and nationally for its innovative tuition programs and for boasting the highest-paid graduates in the state. Now, a new ranking names the "Ivy League of the South" the top university in Texas.

Personal finance website WalletHub has released its 2020's Best College & University Rankings, just in time for the looming November 1 "early decision" college application deadline. Rice takes the No. 1 Texas spot and comes in at No. 13 overall in the U.S.

In order to determine the rankings, WalletHub compared more than 1,000 colleges and universities across seven key dimensions: student selectivity, cost and financing, faculty resources, campus safety, campus experience, educational outcomes, and career outcomes.

Among Texas schools, Rice comes in first for the following individual metrics: admission rate, student-faculty ratio, graduation rate, and post-attendance median salary. The school places second for gender and racial diversity.

The University of Texas at Austin follows as the No. 2 best school in Texas, while Trinity University comes in third. Here are the top 10 schools in Texas, according to WalletHub:

  1. Rice University
  2. University of Texas at Austin
  3. Trinity University
  4. Baylor University
  5. LeTourneau University
  6. Texas Christian University
  7. Texas A&M University-College Station
  8. University of Dallas
  9. Southwestern University
  10. Southern Methodist University

At No. 13 on the overall list, Rice shares the spotlight with prestigious institutions, coming in behind the Massachusetts Institute of Technology, Harvard University, Princeton University, Yale University, Stanford University, the California Institute of Technology, Duke University, University of Pennsylvania, Northwestern University, University of North Carolina — Chapel Hill, Vanderbilt University, and Columbia University. University of Chicago is No. 14.

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This article originally ran on CultureMap.

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Biosciences startup becomes Texas' first decacorn after latest funding

A Dallas-based biosciences startup whose backers include millionaire investors from Austin and Dallas has reached decacorn status — a valuation of at least $10 billion — after hauling in a series C funding round of $200 million, the company announced this month. Colossal Biosciences is reportedly the first Texas startup to rise to the decacorn level.

Colossal, which specializes in genetic engineering technology designed to bring back or protect various species, received the $200 million from TWG Global, an investment conglomerate led by billionaire investors Mark Walter and Thomas Tull. Walter is part owner of Major League Baseball’s Los Angeles Dodgers, and Tull is part owner of the NFL’s Pittsburgh Steelers.

Among the projects Colossal is tackling is the resurrection of three extinct animals — the dodo bird, Tasmanian tiger and woolly mammoth — through the use of DNA and genomics.

The latest round of funding values Colossal at $10.2 billion. Since launching in 2021, the startup has raised $435 million in venture capital.

In addition to Walter and Tull, Colossal’s investors include prominent video game developer Richard Garriott of Austin and private equity veteran Victor Vescov of Dallas. The two millionaires are known for their exploits as undersea explorers and tourist astronauts.

Aside from Colossal’s ties to Dallas and Austin, the startup has a Houston connection.

The company teamed up with Baylor College of Medicine researcher Paul Ling to develop a vaccine for elephant endotheliotropic herpesvirus (EEHV), the deadliest disease among young elephants. In partnership with the Houston Zoo, Ling’s lab at the Baylor College of Medicine has set up a research program that focuses on diagnosing and treating EEHV, and on coming up with a vaccine to protect elephants against the disease. Ling and the BCMe are members of the North American EEHV Advisory Group.

Colossal operates research labs Dallas, Boston and Melbourne, Australia.

“Colossal is the leading company working at the intersection of AI, computational biology, and genetic engineering for both de-extinction and species preservation,” Walter, CEO of TWG Globa, said in a news release. “Colossal has assembled a world-class team that has already driven, in a short period of time, significant technology innovations and impact in advancing conservation, which is a core value of TWG Global.”

Well-known genetics researcher George Church, co-founder of Colossal, calls the startup “a revolutionary genetics company making science fiction into science fact.”

“We are creating the technology to build de-extinction science and scale conservation biology,” he added, “particularly for endangered and at-risk species.”

Houston investment firm names tech exec as new partner

new hire

Houston tech executive Robert Kester has joined Houston-based Veriten, an energy-focused research, investment and strategy firm, as technology and innovation partner.

Kester most recently served as chief technology officer for emissions solutions at Honeywell Process Solutions, where he worked for five years. Honeywell International acquired Houston-based oil and gas technology company Rebellion Photonics, where Kester was co-founder and CEO, in 2019.

Honeywell Process Solutions shares offices in Houston with the global headquarters of Honeywell Performance Materials and Technologies. Honeywell, a Fortune 100 conglomerate, employs more than 850 people in Houston.

“We are thrilled to welcome Robert to the Veriten team,” founder and CEO Maynard Holt said in a statement, “and are confident that his technical expertise and skills will make a big contribution to Veriten’s partner and investor community. He will [oversee] every aspect of what we do, with the use case for AI in energy high on the 2025 priority list.”

Kester earned a doctoral degree in bioengineering from Rice University, a master’s degree in optical sciences from the University of Arizona and a bachelor’s degree in laser optical engineering technology from the Oregon Institute of Technology. He holds 25 patents and has more than 25 patents pending.

Veriten celebrated its third anniversary on January 10, the day that the hiring of Kester was announced. The startup launched with seven employees.

“With the addition of Dr. Kester, we are a 26-person team and are as enthusiastic as ever about improving the energy dialogue and researching the future paths for energy,” Holt added.

Kester spoke on the Houston Innovators Podcast in 2021. Listen here

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