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5 most popular innovation stories in Houston this week

A Houston biotech startup raising $10 million and three Houston innovators to know were among the top trending stories this week. Photo via Getty Images

Editor's note: Another week has come and gone, and it's time to round up the top headlines from the past few days. Trending Houston tech and startup news on InnovationMap included innovators to know, an update from Greentown Houston, events not to miss, and more.

3 Houston innovators to know this week

This week's roundup of Houston innovators includes Jim Havelka of InformAI, Christa Westheimer of New Stack Ventures, and Charles Turner of Kare Technologies. Courtesy photos

In the week's roundup of Houston innovators to know, I'm introducing you to three innovators recently making headlines — from health tech founders to a venture capital rising star. Click here to continue reading.

10+ can't-miss Houston business and innovation events online in February ​

Register for some of these informative online events happening throughout the month of February. Photo via Getty Images

February may be the shortest month, but it's jam-packed with online innovation and startup events that Houston innovators need to know about.

Here's a roundup of virtual events not to miss this month — from workshops and webinars to summits and pitch parties. Click here to continue reading.

Houston biotech startup announces merger and $10M series A

A biotech startup focused on developing therapeutics for neurodegenerative and autoimmune diseases has some big news to share. Photo via Getty Images

A Houston company has emerged from stealth mode to announce a merger and a round of financing.

Coya Therapeutics, a clinical-stage biotech startup that focuses on creating therapeutics for neurodegenerative and autoimmune diseases, announced that it has completed a merger with Nicoya Health Inc. and raised $10 million in its series A. The round was led by Florida-based Allele Capital Partners LLC. Howard Berman, founder and board of directors for imaware, has been named CEO of Coya, as well as a member of the company's board of directors. Click here to continue reading.

Report: Lone Star State snags spot as world's 9th largest economy by GDP

New study found that Texas has the 9th largest economy. Photo by gguy44/Getty Images

If Texas were a country — and plenty of Texans wish that were the case — it would rank among the world's 10 largest economies. Economic development officials are now touting that fact as evidence of Houston and the rest of Texas being a great place to start or relocate a business.

In a January 27 news release, the nonprofit Texas Economic Development Corp. noted that based on 2019 data from the International Monetary Fund, Texas would boast the world's ninth largest economy if it were a country. The news release lists the state's gross domestic product, or GDP — a key indicator of economic size and strength — as $1.9 trillion. Click here to continue reading.

Greentown Houston shares progress on Midtown building and adds new corporate partners

Greentown Houston has revealed what it will look like in the new Houston Innovation District. Graphic courtesy of Greentown

Construction is underway on the Bayou City's first-ever clean tech incubator known as Greentown Houston.

Via a virtual ceremony on Feb 2, Mayor Sylvester Turner and a team from Massachusetts-based Greentown Labs revealed what the massive space in the new innovation district will look and feel like from the outside in.

The building's exterior will be painted grey and will be flocked by verdant green accents and foliage. According to a statement, Greentown Houston is also working with the Houston Arts Alliance to create a large mural by a local artist on the east side of the building. Click here to continue reading.

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Building Houston

 
 

This health tech company has made some significant changes in order to keep up with its growth. Photo via Getty Images

With a new CEO and chief operating officer aboard, Houston-based DataJoint is thinking small in order to go big.

Looking ahead to 2022, DataJoint aims to enable hundreds of smaller projects rather than a handful of mega-projects, CEO Dimitri Yatsenko says. DataJoint develops data management software that empowers collaboration in the neuroscience and artificial intelligence sectors.

"Our strategy is to take the lessons that we have learned over the past four years working with major projects with multi-institutional consortia," Yatsenko says, "and translate them into a platform that thousands of labs can use efficiently to accelerate their research and make it more open and rigorous."

Ahead of that shift, the startup has undergone some significant changes, including two moves in the C-suite.

Yatsenko became CEO in February after stints as vice president of R&D and as president. He co-founded the company as Vathes LLC in 2016. Yatsenko succeeded co-founder Edgar Walker, who had been CEO since May 2020 and was vice president of engineering before that.

In tandem with Yatsenko's ascent to CEO, the company brought aboard Jason Kirkpatrick as COO. Kirkpatrick previously was chief financial officer of Houston-based Darcy Partners, an energy industry advisory firm; chief operating officer and chief financial officer of Houston-based Solid Systems CAD Services (SSCS), an IT services company; and senior vice president of finance and general manager of operations at Houston-based SmartVault Corp., a cloud-based document management company.

"Most of our team are scientists and engineers. Recruiting an experienced business leader was a timely step for us, and Jason's vast leadership experience in the software industry and recurring revenue models added a new dimension to our team," Yatsenko says.

Other recent changes include:

  • Converting from an LLC structure to a C corporation structure to enable founders, employees, and future investors to be granted shares of the company's stock.
  • Shortening the business' name to DataJoint from DataJoint Neuro and recently launching its rebranded website.
  • Moving the company's office from the Texas Medical Center Innovation Institute (TMCx) to the Galleria area. The new space will make room for more employees. Yatsenko says the 12-employee startup plans to increase its headcount to 15 to 20 by the end of this year.

Over the past five years, the company's customer base has expanded to include neuroscience institutions such as Princeton University's Princeton Neuroscience Institute and Columbia University's Zuckerman Institute for Brain Science, as well as University College London and the Norwegian University of Science and Technology. DataJoint's growth has been fueled in large part by grants from the U.S. Defense Advanced Research Projects Agency (DARPA) and the Brain Research Through Advancing Innovative Neurotechnologies (BRAIN) Initiative at the National Institutes of Health (NIH).

"The work we are tackling has our team truly excited about the future, particularly the capabilities being offered to the neuroscience community to understand how the brain forms perceptions and generates behavior," Yatsenko says.

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