5 most popular innovation stories in Houston this week
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 updates from Houston startups, the schedule for Houston Tech Rodeo, and more.
Early-stage accelerator names finalists for its second Houston cohort
CodeLaunch, which pairs startups with software consultants, is returning to Houston this spring. Photo via codelaunch.com
A traveling seed-stage accelerator has announced its return to Houston and named its second cohort.
CodeLaunch, produced by Dallas-based constant and software development company Improving and presented by Ohio-based VC network Cyrannus, is returning to Houston. The company's second Houston accelerator event will be held on March 2.
Putting a fresh spin on the seed accelerator model, CodeLaunch combines a startup competition with a tech tradeshow, as well as allows for networking among attendees. Since its inception ten years ago, the touring competition has doled out over $1.4 million in services to its finalists and overall winners.
"CodeLaunch is a startup and rock-n-roll show like nothing you've ever seen before," says CodeLaunch President and Founder Jason W. Taylor in a news release. Read more.
Houston tech startup acquired by Tokyo-based multinational company
Fluence Analytics has exited to a multinational Japanese engineering and software giant. Image via FluenceAnalytics.com
A Houston company that provides analytics solutions within the chemicals industry has exited to a Japanese company.
Yokogawa acquired Fluence Analytics Inc. in a deal announced today. The terms of the deal were not disclosed and, effective immediately, the company operate as Yokogawa Fluence Analytics. Jay Manouchehri, who joined the company in 2022, will continue to serve as CEO of the entity.
“Combining forces with Yokogawa Electric enables us to capture the full value of our unique data sets, and we can't wait to deliver this added value to our customers," Manouchehri says in a news release. "Together, we will enable autonomous operations and digital transformation in the polymer and biopharma industries." Read more.
Houston biopharma company launches equity crowdfunding campaign
You can now hop online and invest in this promising cell therapy startup. Photo via Getty Images
A clinical-stage company headquartered in Houston has opened an online funding campaign.
FibroBiologics, which is developing fibroblast cell-based therapeutics for chronic diseases, launched a campaign with equity crowdfunding platform StartEngine. The platform lets anyone — regardless of their net worth or income level — to invest in securities issued by startups.
The funding, according to a press release, will be used to support ongoing operations of Fibrobiologics and advance its clinical programs in multiple sclerosis, degenerative disc disease, wound care, extension of life, and cancer.
"We're excited to partner with StartEngine on this campaign. StartEngine has over 600,000 investors as part of their community and has raised over half a billion dollars for its clients," says FibroBiologics' Founder and CEO Pete O'Heeron, in the release. Read more.
Houston Tech Rodeo drops schedule for 2023 events
Houston Tech Rodeo returns with 2023 programing across space, health, emerging tech, and more. Image via houstontechrodeo.com
Houston Tech Rodeo returns this year — and the lineup of panels and networking opportunities has been released online.
The four-day summit was originally introduced in 2020 by Houston Exponential to shine a spotlight on Houston's tech and startup ecosystem. Last year, HX changed ownership, converted into a for-profit business, and named Natara Branch as the new CEO. With the new ownership comes a new era for HTR — complete with AI-generated media, a goal for a record-breaking finale event with CodeLaunch, and more.
"The biggest theme of Tech Rodeo this year is around being aware," Branch tells InnovationMap. "We want entrepreneurs to know what resources are out there, that they are supported, and that there are all these entities out here that are conducting themselves in a manner that is really centered around supporting them." Read more.
Here's the income it takes to live among the top 1 percent in Texas
So this is how the other half lives. Photo by Austin Distel on Unsplash
Wondering how "the other half lives" is so outdated, especially when we we can easily peek into what life is like for the "one percent." A new report from SmartAsset reveals how much money you'll need to be considered the top one percent in Texas.
With two Houston suburbs landing among the richest cities in Texas in a recent report, it's obvious that the Lone Star State is dotted with pockets of wealth. But how much do you actually need in your pocket to have a top one percent income?
In Texas, an annual income of $641,400 will land you at the top, while $258,400 only gets you to the top five percent. Read more.