Cougar cash

University of Houston roars with massive $1.2 billion raised in new campaign

The Coogs have scored some serious cash. Photo courtesy of University of Houston

The University of Houston Cougars have a reason to roar this fall. The school has announced a massive fundraising feat of $1.2 billion for scholarships, professorships, facilities, and programs as part of the "Here, We Go" initiative that closed on August 31.

Specifically, the campaign raised $1,235,427,334. The final tally was announced by UH System Chancellor and UH president Renu Khator during her 12th annual fall address on October 28., where she thanked high-profile donors and volunteer campaign co-chairs Tilman J. Fertitta ('78), Beth Madison ('72), John L. Nau III, and Marvin E. Odum III (M.B.A. '95).

The campaign, which surpassed the $1 billion milestone in 2019, some 18 months ahead of schedule, was designed to strategically transform UH System universities with priorities to support student scholarships and fellowships, build state-of-the-art facilities, attract and retain top faculty, advance academic programs, workforce training and research, and build a nationally relevant athletics program, according to a press release. It began in 2012 and launched publicly in January 2017, before concluding in August of this year.

More than 187,000 donors, including 133,000 new donors contributed to the campaign, highlighting the pride felt by alumni and friends. Donations came from all 50 states and 46 countries, according to the school.

Donation highlights include:

  • $50 million gift from an anonymous donor — the campaign's single largest contribution to hire faculty and establish four new institutes in the areas of energy, infrastructure, precision medicine, and global engagement.
  • $20 million from Tilman J. Fertitta for renovation and construction of the Fertitta Center, a 7,100-seat multi-purpose arena that is home to the Houston Cougars men's and women's basketball teams and the women's volleyball team.
  • $20 million from the John P. McGovern Foundation benefitting arts students and faculty. The Kathrine G. McGovern College of the Arts was named in honor of the gift.
  • $17 million from Andy and Andrea Diamond to create the Diamond Family Scholars program which offers financial, academic and mentoring support for students aging out of the foster care system.
  • $16 million from the John M. O'Quinn Foundation to support the UH Law Center and construction of its new state-of-the-art building, the John M. O'Quinn Law Building.
  • $15 million thanks to Humana Inc. to launch the Humana Integrated Health System Sciences Institute and help defray start-up and operational costs for the UH College of Medicine, as well as fund endowed chairs at several UH colleges.
  • $13 million from the Cyvia and Melvyn Wolff Family Foundation to the nation's No. 1 undergraduate entrepreneurship program at the C.T. Bauer College of Business with a total expected impact of $15 million with matching gift.

"You inspired us to dream big, challenged us to be relevant and forced us to stay focused," said Khator, in a statement. "You led us from all directions, often making calls for us and introducing us to people who cared about Houston and our role in Houston's future."

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This article originally ran on CultureMap.

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Building Houston

 
 

Chevron has doubled down on its commitment to The Cannon in West Houston, a new study finds Houston a top city for STEM, a Houston startup takes home a win from a digital pitch competition, and more. Photo courtesy of The Cannon

Houston's innovation ecosystem has been booming with news, and it's likely some might have fallen through the cracks.

For this roundup of short stories within Houston innovation, a startup snags a win at a pitch competition, Chevron announces a new makerspace, a software company makes an acquisition, and more.

Houston named a best city for STEM

Image via SmartAsset

For the fifth year, personal finance website, SmartAsset, analyzed data for the 35 cities in the county with the largest STEM workforces. The study looked at the racial diversity index as well as the gender diversity index. The data for both metrics comes from the Census Bureau's 2019 1-year American Community Survey.

Houston ranked No. 7 on the list, and according to the report, the total number of STEM workers in Houston, Texas exceeds 79,500. Around 70 percent of the total STEM workers there are men, and more than 30 percent are women. Additionally, Houston has the third-best race/ethnicity index score in the study with more than 19 percent of STEM workers are Hispanic or Latino, almost 20 percent are Asian, and more than 8 percent are Black.

Texas makes up about a third of the top 10 list with Dallas and Fort Worth coming in at No. 9 and No.10, respectively.

Chevron announces digital makerspace in The Cannon

Photo courtesy of The Cannon

The Cannon and its surrounding Founders District in West Houston has announced the addition of Chevron's digital makerspace, which will be dedicated to startup partnerships and community organizations.

"Chevron's support for The Founders District and The Cannon expands our commitment to Houston's growing innovation ecosystem," says Barbara Burger, Chevron vice president, Innovation and president of Chevron Technology Ventures, in a news release. "We look forward to utilizing this new space to collaborate with other Chevron organizations, such as our Wells group, as we work to deliver more reliable, affordable, ever-cleaner energy."

While Chevron has been a key partner for The Cannon since 2018 and even had branded office space within the hub, this new space represents a new lease agreement for a significantly larger footprint.

"We are thrilled to partner with Chevron Technology Ventures in developing this exciting makerspace at The Founders District," says Mark Toon, CEO of Puma Development, the company developing The Founders District and founder of Work America Capital, a venture capital firm dedicated to investing in Houston-based businesses. "CTV is the paradigm for meaningful innovation in Houston. By investing in emerging technologies in energy, they are paving the way for innovation to remain at the heart of Houston's most prominent industry."

Lazarus 3D wins The Ion's pitch competition

Photo via Laz3d.com

After months of pitching events, The Ion's Startup Demo Day for 2020 concluded on November 18 with four final pitches from Lazarus 3D, Skylark Wireless, HelloWoofy, and Swoovy.

After each of the four founders presented at the virtual event, which was powered by Dell Technologies, Lazarus 3D, a startup that produces 3D-printed organs and tissues for surgical practice, took home the win and the cash prize.

"I'm so grateful to Ion Houston — I've met so many people and made so many connections," says Smriti Zaneveld, co-founder and president. "All of the companies that present at these events are doing something so meaningful."

Applications are now open for the next series. Apply online by clicking here.

Houston tech co. acquires New Zealand business

Photo via Onit.com

Houston-based Onit Inc., a legal software provider, announced that the company has acquired McCarthyFinch and its artificial intelligence platform.

"Our vision is to build AI into our workflow platform and every product across the Onit and SimpleLegal product portfolios," says Eric M. Elfman, Onit CEO and co-founder, in a news release. "AI will have an active role in everything from enterprise legal management to legal spend management and contract lifecycle management, resulting in continuous efficiencies and cost savings for corporate legal departments.

"Historically, legal departments have been thought of as black boxes where requests go in and information, decisions or contracts come out with no real transparency," Elfman continues. "AI has the potential to enhance transparency and contribute to stronger enterprise-wide business collaboration in a way that conserves a lawyer's valuable time."

The newly acquired software has the capacity to accelerate contract processing by up to 70 percent and increase productivity by over 50 percent. With the acquisition, Onit is enhancing its new artificial intelligence platform Precedent and the company's first release on the platform will be ReviewAI.

New sustainability-focused app launches at Climathon

Photo courtesy of Footprint

Houston-based Footprint App Inc. launched its latest carbon footprint education and action software during the Houston Climathon that was hosted earlier this month by Impact Hub Houston.

By tracking the user's sustainable habits, the student-focused tool allows users to compete to reduce their environmental impact. Footprint has launched in over 50 classrooms across the nation and is also being used by several corporations.

"With the state of Texas recently receiving an 'F' in climate education from the National Science Foundation, we see Footprint as the perfect tool for K-12 and beyond to help Texas students engage with climate science in a fun, competitive way," says Dakota Stormer, Footprint App, Inc. CEO and co-founder, in a news release.

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