Houston Voices

Tap into the local ecosystem with Alice’s guide for Houston business owners

A one-stop shop for startup owners is now at your fingertips. Getty Images

Small business ownership is on the rise, particularly among diverse founders: women, people of color, immigrants, the differently-abled, people identifying as LGBTQ+ and veterans. These groups are starting businesses at historically high rates, and, in fact, women of color are entering entrepreneurship at higher rates than any other demographic. In the near future, entrepreneurs from diverse backgrounds will represent the "new majority" of business owners.

While the reason for new business creation varies - be it out of necessity, ingenuity or opportunity - the reality for some small business owners is that their ideas never fully make it off the ground, or their businesses stall in scale due to inequitable access to resources, opportunities and networks required for growth.

Alice is working to change that.

Through thousands of hours of research, underrepresented and underestimated founders told Carolyn Rodz and her team that access to resources and opportunities was their number one barrier to success. It was then that Rodz realized technology could help solve this problem with machine learning that can help entrepreneurs from all backgrounds find the right path and connect to the right resources to start and grow their businesses. In May 2017, Alice became the first AI platform in the world dedicated to helping business owners achieve their goals through personalized and free matchmaking, based on their unique profile, interests and objectives.

"At Alice, we want to make sure every business owner has what they need, and it shouldn't matter where they come from or who they know. It's not enough to even the playing field – we want to create a whole new one," said Rodz, a Latina and three-time entrepreneur. "One of the ways we are doing that is by creating a digital hub of local resources and events, so that all business owners have access to support in their communities, from the startup world to nonprofits, like Baker Ripley and Lift Fund, to investors and lenders."

Alice's Houston Guide for Business Owners is a virtual ecosystem of real-time, real-life connections to local resources, opportunities, organizations, networks, education programs and events designed to support business development and entrepreneurial talent. The guide is kept up-to-date with machine learning algorithms, an in-house curation team and crowdsourced recommendations from the community.

Are you new to the area and looking for a work home? Alice can direct you to over 25 coworking spaces in Space City. Wondering where you can learn to code (or connect with a coder to build that app you've been dreaming about)? Alice can point you to programs like DigitalCrafts Coding Bootcamp and the Flatiron School. Not sure what business license to apply for or how to capitalize on a new sales funnel? The Houston Office of Business Opportunity, Houston SCORE, or the Women's Business Enterprise Alliance may be just what you need.

But just how does Alice do it? Alice's intelligence becomes predictive overtime in order to reduce small business fail rates. By utilizing algorithms that drive founders to relevant resources based on unique personal and company profiles (versus a curated search function), Alice becomes more personalized (and "intelligent") the more the user engages with her.

"We like to think of Alice as the business owner's sidekick. She's there night and day to help entrepreneurs build their companies, solve problems and connect with people, places and knowledge across the digital and real-life ecosystem," added Rodz.

You can access the Guide for Houston Business Owners (and 15 other city guides) on Alice at https://helloalice.com/cities/houston. And if you have a local resource, opportunity or event to recommend, you can submit your suggestion here.

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This is content from our partner, Alice.

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Building Houston

 
 

Capital Factory's Houston HQ will be in The Ion. Photo courtesy of The Ion

A company that supports entrepreneurship and startups across the Lone Star State with mentorship and funding has announced its new homebase in Houston.

Capital Factory has revealed a new programming partnership with The Ion. Through the collaboration, Capital Factory will host programming, events, and resources within the innovation hub to grow, educate, and support Houston-based startups and entrepreneurs.

"Capital Factory's presence at The Ion will further expand the opportunities for startups and innovators in the Houston region, while strengthening an important pillar of the Texas Startup Manifesto," says Joshua Baer, founder and CEO of Capital Factory, in a news release.

Capital Factory was founded in Austin in 2009 and boosts on being the most active investor in Texas, deploying smaller investments to a multitude of early-stage startups. According to Crunchbase's data, the entity has invested in over 160 companies with 20 exits. Capital Factory officially entered the Houston market in 2019 and doubled down its presence last year when it merged with Station Houston.

Now, with its Houston headquarters moving into The Ion, the two innovation partners will take an inclusive approach to creating connections between innovators, mentors, investors, and markets, per the release.

"We are thrilled to have Capital Factory as a programming partner at The Ion" says Jan E. Odegard, executive director of The Ion, in the release. "The Ion seeks to work with key partners and established brands to help build a rich and inclusive set of startup services that can support all innovators and startups wherever they are in their entrepreneurial journey. Capital Factory brings a proven track record for providing entrepreneurs with services and investments that brings great value not only to The Ion ecosystem, but also to the entire Houston innovation ecosystem."

Capital Factory's first event at The Ion will be Open Coffee on November 16th followed by Open Coworking all day, Baer adds in his statement.

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