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5 most popular innovation stories in Houston this week

Meet three Houston innovators to know, see why Houston is a top hub for veterans, and more are this week's trending stories. 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, a guest column on how veterans are leading the energy transition, funding news, and more.

3 Houston innovators to know this week

This week's roundup of Houston innovators includes Spencer Randall of CryptoEQ, Andy Grolnick of Graylog, and Imran Alibhai of Tvardi. Courtesy photos

In this week's roundup of Houston innovators to know, I'm introducing you to three local innovators across industries — from software to cryptocurrency — recently making headlines in Houston innovation. Click here to read more.

Houston-based veterans will lead the energy transition, says this expert

Houston has the the second largest veteran community in America — and the energy industry is vets' top employer. Photo via Getty Images

Many people living in Houston don't realize that the veteran community is taking an increasing leadership role in the energy transition. The Greater Houston area is the second largest veteran community in America with over 5,500 new veterans and their families coming to Houston annually. We are the fastest growing city in America for veterans as well.

In Houston you'll find a community of veterans who create a workforce and culture of excellence -- no handouts needed here. Our city is home to innovation in many industrial sectors, and also in the veteran services market. Combined Arms is the premier technology partner for accelerating the connection of veterans to resources like employment.

Headquartered in Houston, the agency operates in a dozen states nationally with a co-working space of over 30 veteran serving nonprofits on site and 120 services online. The top employment organization for veteran employment in the country, NextOp, is also headquartered in Houston. NextOp is focused on developing a pipeline of talent directly from military installations to industrial craft trades. They have the best numbers for placement of veterans and speed to employment, perfect for accelerating the energy transition as companies are looking for talent to fill new industry roles. Click here to read more.

Cancer-fighting company based in Houston emerges from stealth and snags $74M in its latest round

Tvardi Therapeutics Inc. has fresh funds to support its drug's advancement in clinical trials. Photo via Getty Images

A Houston-based clinical-stage biopharmaceutical company has raised millions in its latest round.

Tvardi Therapeutics Inc. closed its $74 million series B funding round led by new investors New York-based Slate Path Capital, Florida-based Palkon Capital, Denver-based ArrowMark Partners, and New York-based 683 Capital, with continued support and participation by existing investors, including Houston-based Sporos Bioventures.

"We are thrilled to move out of stealth mode and partner with this lineup of long-term institutional investors," says Imran Alibhai, CEO at Tvardi. "With this financing we are positioned to advance the clinical development of our small molecule inhibitors of STAT3 into mid-stage trials as well as grow our team." Click here to read more.

Houston-based research grant program doles out $23M to Texas scientists

The Welch Foundation has announced millions in Texas research funding. Photo via Getty Images

One of the nation's largest private funders for health care research has announced $23 million in fresh funds — and about a third of that is going into the hands of Houstonians.

The Welch Foundation, based in Houston, announced its 2021 research grant funding last week. Over the next three years, the funds will be be distributed in $7,520,000 payouts annually across the state of Texas. Since its founding in 1954, the foundation has doled out almost $1.1 billion to the advancement of chemistry.

"Ongoing basic chemical research is critical and provides the building blocks to help solve current and future problems," says Adam Kuspa, president of The Welch Foundation, in a news release. "Funding from The Welch Foundation is a valuable resource to Texas institutions. It helps set our state's researchers apart from others and we look forward to seeing what invaluable scientific contributions come from this year's grant recipients." Click here to read more.

Houston-area suburb claims top spot for business-savvy cities list from Verizon

The city of Sugar Land has been named a business-savvy city. Photo by Matthew T. Carroll/Getty Images

Sugar Land has landed some sweet recognition for its business-friendly atmosphere.

A new ranking from Go.Verizon.com puts Sugar Land first among what it calls "the most business-savvy cities in America." The study looked only at cities with at least 100,000 residents.

"Landing the coveted top position on our list, business owners in this suburb outside of Houston know a thing or two about doing it bigger," Go.Verizon.com says. "With a mean household income of $157,923 and an unemployment rate of only 3 percent, Sugar Land lives up to its statue of the strong-willed Stephen Austin, the 'Father of Texas.'" Click here to read more.

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Building Houston

 
 

Axiom Space — along with Collins Aerospace — are teaming up with NASA to create the next generation of astronaut gear. Image via NASA

Two startups — including Houston-based Axiom Space — have been tasked with helping NASA gear up for human space exploration at the International Space Station and on the moon as part of a spacesuit deal potentially worth billions of dollars.

NASA recently picked Axiom and Collins Aerospace to help advance spacewalking capabilities in low-earth orbit and on the moon by outfitting astronauts with next-generation spacesuits. While headquartered in Charlotte, North Carolina, Collins has a significant presence in the Houston Spaceport.

This deal will help support landing the first woman and the first person of color on the moon as part of NASA’s return to our lunar neighbor. The equipment also will help NASA prepare for human missions to Mars.

Under this agreement, NASA, Axiom and Collins “will develop advanced, reliable spacesuits that allow humans to explore the cosmos unlike ever before,” Vanessa Wyche, director of NASA’s Johnson Space Center in Houston, says in a news release. “By partnering with industry, we are efficiently advancing the necessary technology to keep Americans on a path of successful discovery on the International Space Station and as we set our sights on exploring the lunar surface.”

Axiom and Collins were chosen under an umbrella contract known as Exploration Extravehicular Activity Services (xEVAS). The contract carries a potential value of $3.5 billion.

Michael Suffredini, co-founder, president, and CEO of Axiom, says his company’s “innovative approach to xEVAS spacesuits provides NASA with an evolvable design that enables cost-efficient development, testing, training, deployment, and real-time operations to address a variety of EVA needs and operational scenarios for a range of customers, including NASA.”

Axiom’s partners on this project are KBR and Sophic Synergistics, both based in Houston, along with Air-Lock, David Clark Co., Paragon Space Development, and A-P-T Research.

NASA says Axiom and Collins will own the spacesuits, and are being encouraged to explore non-NASA commercial applications for data and technology they co-develop with the space agency.

The EVA & Human Surface Mobility Program at the Johnson Space Center is managing the xEVAS contract.

NASA astronauts have needed updated spacesuits for years.

“The decades-old spacesuit designs currently in use on the International Space Station are well past their prime. NASA had been working on new suits and showed off a patriotic prototype of a moonwalking outfit — called the Exploration Extravehicular Mobility Unit, or xEMU — back in 2019,” according to CNET.

A 2021 report from NASA’s Office of Inspector General called out delays in developing the spacesuits that would make a proposed 2024 human moon landing unfeasible, CNET says. Now, Axiom and Collins, instead of NASA, will create the spacesuits. Demonstration-ready spacesuits are supposed to be ready in 2025.

The spacesuit deal is the latest in a string of milestones for Axiom.

Axiom recently broke ground on its new headquarters at Houston Spaceport. There, the company will build Axiom Station, the world’s first commercial space station.

Axiom also recently welcomed home the crew of Axiom Mission 1 after their successful completion of the first all-private astronaut mission to the International Space Station. The crew came back to earth in a SpaceX capsule. The company has signed agreements with several countries, including Italy, Hungary, and the United Arab Emirates, for future space missions.

Axiom recently tapped Italian Air Force Col. Walter Villadei as its first international professional astronaut. He currently is being trained in Houston and will serve as a backup on Axiom Mission 2.

Founded in 2016, Axiom employs more than 500 people, most of whom work in Houston. The company expects its workforce to exceed 1,000 employees by 2023.

To date, Axiom has raised $150 million in venture capital.

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