uh booster

University of Houston gets $1 million boost from Medical Center powerhouse

The new grant will create a professorship aimed at innovative research. Photo courtesy of University of Houston

Medical research at the University of Houston’s new College of Medicine has received a seven-figure boost from a local powerhouse. Houston Methodist has announced a $1 million gift for an endowed professorship at the University of Houston.

This new Houston Methodist Professorship of Medical Education will have a joint appointment in UH’s College of Education and College of Medicine, and an adjunct appointment at the Houston Methodist Academic Institute (HMAI), according to a press release. Houston Methodist’s Academic Institute boasts some of the world’s preeminent physician-scientists who are working to transition discoveries in the lab into patient treatments.

The scientist hired for this new endowed post will be expected to have a proven track record of impactful research and achievements recognized by membership in the National Academy of Science, National Academy of Medicine, or another national academy related to the field of study, according to UH.

Houston Methodist’s gift will be matched one-to-one to create a $2 million endowment as part of the UH’s “$100 Million Challenge” for chairs and professorships. This matching grant program is funded by an anonymous donor and is aimed at solving complex global issues including healthcare innovation.

“We are committed to building a faculty which will engage students in determining real-world solutions for today’s most prevalent health challenges,” said Paula Myrick Short, UH senior vice president for academic affairs and provost, in a statement. “Thanks to Houston Methodist, we will hire an accomplished medical educator to help facilitate the evolving link between the two institutions for the purpose of designing, directing and overseeing projects that improve the teaching expertise at both.”

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This article originally ran on CultureMap.

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Building Houston

 
 

VR training startup, HTX Labs, has raised funding from an outside investor for the first time. Courtesy of HTX Labs

HTX Labs, a Houston-based company that designs extended reality training for military and business purposes, announced last week that it has raised its first outside capital.

The company has received a $3.2 million investment from Cypress Growth Capital. Founded in 2017, HTX Labs — developer of the EMPACT Immersive Learning Platform — has been granted funding from the Department of Defense as well as grown its client base of commercial Enterprises. The platform uses virtual and extended reality that "enables organizations to rapidly create, deploy, measure, and sustain cost-effective, secure, and centralized immersive training programs, all within engaging, fully interactive virtual environments," per a news release.

“We have been looking to secure outside capital to accelerate the growth of our EMPACT platform and customer base but we hadn’t found the right partner who provided an investment vehicle that matched our needs,“ says HTX Labs CEO Scott Schneider in the release. “We found everything we were looking for in Cypress Growth Capital. They have a non-dilutive funding model that aligns with our capital expectations and have the level of experience that really makes this smart money.

"Cypress has a decade-long track record of success in helping emerging software and services companies achieve scale," he continues. "It is clear that the team’s collective entrepreneurial and operating experience will be of tremendous benefit to us as we focus on expanding our customer base in a very intentional way.”

The fresh funding will go toward growing and scaling the company's operations — both within the current Department of Defense and expansion opportunities into key commercial markets, like heavy industry, manufacturing, and higher education. Additionally, the funding will support increased customer adoption.

“Scott and his team have built an exceptional business that is poised for dramatic growth,” says Cypress Partner Pat McCaffrey in the release. “HTX Labs’ modern, immersive training solution provides clients with a force multiplier for modernizing training and an unmatched ROI.”

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