Featured Innovator

This entrepreneur is changing the landscape of Houston's innovation ecosystem

Grace Rodriguez is the co-founder and executive director of Impact Hub Houston. Courtesy of Grace Rodriguez

It's been a winding road for Grace Rodriguez to get to where she is today, but she wouldn't have it any other way. Rodriguez's career has spanned from managing a collective of DJs called Kracker Nuttz and consulting to one of the co-founders of Station Houston — and now the co-founder and executive director of Impact Hub Houston.

Impact Hub is a worldwide collaborative of resources for entrepreneurs, thought provokers, and supporters, and Rodriguez has been working for a while now to get Houston's chapter off the ground. As of April 17, Impact Hub Houston has launched its first popup location at Sharespace (1120 Naylor) where the organization will be until May 17. The popup concept is so that the nonprofit can really get to know all corners of Houston's innovation ecosystem, Rodriguez says.

Additionally, Impact Hub Houston announced last month that it has launched its fundraising campaign called 321 Impact. The money donated will go to the programming, events, and development of the organization.

Rodriguez spoke with InnovationMap about her goals for the organization and her thoughts on the ecosystem as a whole.

InnovationMap: When you say you want to help "do gooders do greater," what does that mean for you?

Grace Rodriguez: For me, I want to help people at the idea stage — people who are beginning to build something. Talking to entrepreneurs, they say that's usually the hardest part. Once you get something going and you have some traction, it's easy to keep improving that. But, getting started is where people need the most help. With Impact Hub, we want to figure out how do we intentionally approach the problem of helping an entrepreneur go from 0 to 1, and 1 to 2, and then 2 to 10, and so on. And respond to their actual problems — versus what we think they need. There's a lot of personalization that needs to happen for early-stage entrepreneurs, and I'm hoping that this is the role in the Houston ecosystem that Impact Hub Houston can provide.

IM: What's Impact Hub's bigger picture goals?

GR: Our real vision is to help Houston become a role model for how the world solves the most pressing issues. We want to show the rest of the world that Houston has the talent, expertise, insight, and resources to solve issues around the world. Within that is the idea that Houston is an international city. A lot of times when people get together and talk about improving the perception of Houston, but honestly outside of the United States, Houston is seen as a major player on the world stage.

Another part of our mission is to move beyond discussing diversity toward actually creating equitable environments where people plug in and actively advocate for each other. A lot of people talk about how Houston is the most diverse city in the country and how it's a strength of Houston, but when you go to meetings with decision makers from the innovation ecosystem, you don't see that diversity represented. We want to make sure we are intentional about creating equitable environments and that diversity is included in the shaping of policy and institutions moving forward.

IM: How do the hubs work together?

GR: The interesting thing about Impact Hub is it isn't a franchise or like WeWork. It functions a lot like the United Nations. Each organization opts into the network, and you can form it anyway you want to — nonprofit or for-profit or a hybrid — and as large or as small you want to be. We are all connected by the common guideline of working alongside the United Nations to help advance the 17 sustainable development goals.

IM: What pain points do you see Houston entrepreneurs struggling with and how can the city address them?

GR: Over and over again, access to funding is a big issue — and access to someone who has the answers they need is another issue too. I feel like a lot of the conversation within the Houston innovation echo chamber has been around venture capital funding, but there's so many more types of capital that entrepreneurs can have access to. There's bootstrapping, angel investment, lending groups, and crowdfunding.

I've met a lot of Houston entrepreneurs who had to go to Austin for MassChallenge or Capital Factory and who didn't find that support or money here in Houston. And because they found it in Austin, they're considering moving there. This is how we lose our best and brightest. It's been happening and it keeps happening because we haven't focused on our city. Instead of being Austin, we need to figure out how to be Houston better. Until we start some really rough self reflection, then I don't think we'll ever be a better Houston. We'll continue trying to be "Silicon Bayou" versus being whatever Houston needs to be.

IM: I know with Impact Hub, you're trying to be transparent. But overall, do you feel like Houston's innovation ecosystem has a hard time being transparent?

GR: The challenge in Houston is trying to be shiny and polished. And, to me, shiny and polished is Dallas. No one in Houston wants to be Dallas. Let's accept the fact that we are an R&D city. We are a city that researches and develops and experiments new things. Let's lean hard into that and not say we're going to be perfect, and if we do that, then the need to try to appear perfect can go away. Being transparent on the things we are trying makes us become a role model for other cities. I feel like the feeling that we have to be polished and perfect for the rest of the world to be interested in us is the biggest hindrance to our progress. I already know the rest of the world is interested in us.

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Portions of this interview have been edited.

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Building Houston

 
 

Camilo Mejia, CEO and founder of Houston-based Enovate Upstream, has big plans for increasing efficiency across the oil and gas sector. Photo courtesy of Enovate

A Houston energy tech company announced a new artificial intelligence platform that aims to digitize the oil and gas sector to provide the best efficiency and return on investment at every stage of the supply chain cycle — from drilling and production to completion.

Enovate Upstream's exponential growth, says Camilo Mejia, CEO and founder of the company, has already led to two new strategic partnerships in the works with European and Latin American companies.

"We see a better future in the oil and gas industry," Mejia shares in an interview with InnovationMap. "Our team worked in various roles in O&G, and we don't think the industry will end up as some people may think. The future will be different and digitized, we are just here to facilitate that transition to give back to the industry that gave us a lot."

The company's proprietary cloud-based ADA AI digital ecosystem is challenging the assumptions of the industry by using new technology powered artificial intelligence to provide historical data with AI to give real-time production forecasting. Thanks to the cloud, users can access the information anywhere in the world.

The new platform combines three models — digital drilling, digital completions, and digital production — that provide precise data that can be customized to the client's needs, integrating into an existing platform easily for a real-time view of their return on investment and carbon emission output.

Mejia shares more about his company's growth and what goals Enovate Upstream is setting to continue the course of digitization in the oil and gas industry in the Q&A with InnovationMap.

InnovationMap: What inspired Enovate Upstream’s focus on artificial intelligence technology for the upstream value chain?

Camilo Mejia: For the past five or six years, there's been talk of digitalization, and the value of data. The next level is not the value of the data, it's about the automation, how you can improve operations, and how you can help customers to make better decisions. Every single technology that we are developing here is about the return of investment.

Our AI concept is about the physics behind the data. We are accelerating digital adoption by properly showing the tangible value of the technology by speaking the same language and showing the value from the oil and gas perspective, which was one of the challenges other AI technology faced to break into the industry before. Our artificial intelligence component upgrades this technology to optimize the industry while integrating it with this digital ecosystem all in one place. The digital ecosystem we're building covers the entire value chain.

One of the challenges the industry faces is around capital allocation — how we can help customers to properly allocate capital into projects, which is a fundamental way we forecast new projects. Another challenge is the size of the organization that ranges from corporations to small businesses. They have many opportunities to improve cost but that varies across companies.

We are overcoming that challenge in order to develop a technology that can show the inefficiencies between the sizes. The third challenge is the adoption of digital technology. There are two different ways of deploying artificial intelligence. One is data-driven analysis, data-driven models, or data trading — this is the foundation.

IM: What fundamental changes do you think your cloud-based ADA technology can provide across every stage of the value chain?

CM: The biggest change we have in the platform is revising the workflow based on the production size. We use the data the customers already have, to develop a model that changes the way we forecast production in the industry. Before you deploy the capital and execute the project, you are going to have a better idea of the maximum potential profitability, so you can make better decisions at any stage from that point.

One of the inspirations for this was Tesla. The automotive industry was failing to provide a self-driving vehicle because it was using mathematical approaches, but Tesla overcame that challenge using data of millions of drivers to drive and park the cars efficiently, optimizing the process.

We are doing exactly the same, which is applying mathematical equations only for drilling forecasts, production forecasts, and using the data from the wells to see how the projects are behaving. We also integrate the modules so every single module is communicating with each other at every stage to correlate back to a production forecast to set your targets or operation based on that expected return of investment.

Our concept is about the return of investment, in order to develop the ROI concept, you got to plan the events right and the varying size production, that becomes the second component. The third component is about optimization of operations, which is about automation to improve operations and therefore decision-making. We are developing technology that has a very modern interface to automate operations in a more intuitive way so customers can be independent in the process and make the best decisions.

IM: At the moment, there is a need for virtual connections. How does your technology allow certain hands-on tasks to be handled remotely?

CM: In many ways, we have a big project in the Gulf of Mexico. We place technologies that we are using in today's market and deploy a platform that customers can use independently. We can also automate operations to the cloud by just deploying, trimming the data out of the field straight to the cloud so that people in the field can actually use the AI component to optimize operations. We don't require face to face interaction using the cloud environment.

Since the coronavirus these digital components have been on demand, we have grown about 500 percent from the end of Q1 and into the middle of Q2. We are experiencing an acceleration in the adoption of digital technology, but the ability to deploy the technology through the cloud has been instrumental in gaining more traction in the market. As a matter of fact, just as an indicator, we have been hiring people since the start of the coronavirus.

IM: Enovate Upstream started a year ago since then you’ve experienced exponential growth. What are a couple of goals that the company will achieve by the end of the year?

CM: Our strategy is focused on the next level for the company, which is securing funding round with investors in London. We are also aiming to facilitate the deployment of our technology globally. We are focusing on the United States and Latin America, but we hope to expand our funding round to Europe and the Middle East.

Our other goal lies with our partnerships, we are working through a distribution channel, through larger service companies that are facilitating the commercialization of the technology. The focus is on enabling these companies to properly support the customers by doing more technology integration and increasing the value creation.

The next goal is obviously to sustain the company, even though we have been growing, there is a lot of uncertainty in the market, and we are focusing on building the culture of the company, which is challenging in a virtual space.

IM: How has Enovate Upstream navigated an unstable market amid your rapid growth?

CM: That's a good question. I think the lesson is that you can always end up in a different direction. Coronavirus is having a big impact on many businesses, often negatively, but for us, it was instrumental to realize the full potential of the technology we were developing.

We saw that the activity was going from operations to the financial sector with companies selling assets to sustain their business. There were a lot of customers trying to decide what kind of wells they need to continue producing, so that was a market that we didn't capture before.

We grew the technology in that direction by starting a second company called Energy Partners. We created a joint venture with some producers in South Texas to make better decisions in asset acquisition. It was instrumental for us to realize the full potential on the finance side, as opposed to operations where the initial focus was.

We have assets in South Texas now and from a technology standpoint, it's the ideal way to test our analytic technology. We use our technology to properly evaluate the return of investment to make decisions about acquiring assets to optimize the operations and increase production. We have the opportunity to prove the technology with our investments, so we can actually build trust with customers. We are 100 percent sure that the technology works the way we say it works.

IM: There’s a huge emphasis on sustainability in the energy industry. How does your technology reduce carbon emissions?

CM: There are two kinds of components here. The first one is about optimizing operations — personnel transportation at the field level. We have studied calculations of what carbon dioxide output looks like to reduce it in terms of optimizing transportation, technology, and contributing to innovative ideas. We are currently initiating a feasibility study on a carbon capture technology, and working with customers to provide value in the technology in various aspects.

IM: I see several partnerships have already begun. Are you looking for more and what role do these partnerships play for your business?

CM: We have two partnerships about to close. One is with Telefonica, a Spanish telecommunications company, and another with Pluspetrol, an Argentinian production company. Telefonica provides cybersecurity services to oil and gas companies, we actually work with them to deploy our technology in Latin America and Europe. They provide the cloud and cybersecurity component while we provide the AI component.

In terms of our technology development, Pluspetrol has been one of our partners from the very beginning and we continue developing more technologies with this particular customer. They provide us with access to real data and real operational conditions that facilitate technological innovation.

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