houston innovators podcast episode 119

Silicon Valley transplant bets on Houston to lead synthetic biology

Veronica Wu joins the Houston Innovators Podcast to share why she's looking to invest in synthetic biology startups. Photo courtesy of First Bight Ventures

Veronica Wu isn't afraid of jumping head first into a new field or technology. In fact, the former Apple, Tesla, and Motorola executive has built her career around getting in on the ground floor.

"A lot of my career has been about looking for the next thing. One of the things I've found is I have a strong passion for building and scaling big ambitions or innovations," Wu says on this week's episode of the Houston Innovators Podcast. "When I see the opportunity, it gets me really excited. One of the reasons I have a passion for technology is how it constantly changes and pushes the boundaries."

Wu's next big thing she's betting on? Synthetic biology — and she's doing it here in Houston. Wu recently relocated from Silicon Valley to Houston last year, and now she's launched First Bight Ventures, a venture capital firm focused on finding and investing in early-stage synbio companies.

The industry as a whole is still nascent, Wu explains, because most of these emerging innovations weren't able to be accomplished until recently. Additionally, a lot of people don't fully understand what the field encompasses, but she's hoping to shine a spotlight on the industry and the innovators in the space with First Bight Ventures.

"Think of synthetic biology as a cell programming, like we can program software in the virtual world," Wu explains on the show. "Now we're able to reprogram our physical world."

In Houston, Wu gives two examples of companies working in the synbio space: Cemvita Factory and Solugen. However, Houston is an ideal market for synthetic biology because of two of the city's top industries — health care and energy.

"Both of (these industries) have tremendous opportunities and challenges for us as humanity," Wu explains. She says that reprogramming biology can both help reduce carbon emissions and protect humans from emerging diseases.

"I see Houston — with its tremendous resources and talent already existing in these industries — really has that potential to leverage the technologies and become an innovation leader in this particular area," Wu says.

Wu shares more on her first impressions of Houston and what she hopes to accomplish with the new VC firm on the podcast. Listen to the full interview below — or wherever you stream your podcasts — and subscribe for weekly episodes.

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Building Houston

 
 

The latest cohort from gBETA Houston has been announced and is currently underway at the Downtown Launchpad. Photo courtesy

A national startup accelerator has announced its fifth local cohort, which includes five Houston companies participating in the spring 2022 class.

Madison, Wisconsin-based gener8tor has announced today the five participating startups in gBETA Houston. The program will be led by Muriel Foster, the newly named director of gBETA Houston, which originally launched in Houston in 2020 thanks to a grant from from the Downtown Redevelopment Authority.

The program, which is designed to help guide early-stage startups find early customer traction, connect with mentors, and more, is based in the Downtown Launchpad, and is free and does not take equity in the participating companies. The cohort kicked off on April 21 and concludes on June 10.

The new cohort includes:

  • Founded by CEO Steffie Thomson a year ago, Getaway Sticks has designed a shoe that gives women the painless support they need using athletic foam to create a shoe that gives women the painless support they need. Getaway Sticks provides the solutions to women’s #1 wardrobe complaint of high heel pain. Since launch, the company has earned over $35,000 in revenue from over 150 customers.
  • Through a combination of software and hardware technology, LocBox is rethinking the shopping experience for online and local purchases. If you shop, ship, or have food delivered to your house, LocBox will make your life easier. Led by CEO Sterling Sansing, LocBox has previously participated in the Texas A&M MBA Venture Challenge.
  • SpeakHaus is focused on equipping young professionals and entrepreneurs with public speaking skills through its on-demand training platform and group coaching program. Since launching in October 2021, SpeakHaus has facilitated 6 corporate trainings and coached 61 business leaders generating over $49,000 in revenue. The company is led by CEO Christa Clarke.
  • Led by CEO LaGina Harris, The Us Space is creating spaces intentionally for women of color, women-led businesses, and women-centric organizations. Since launching in June 2021, The Us Space has created partnerships with more than a dozen community organizations, sustainable businesses, and organizations creating positive economic impact in the City of Houston.
  • Founded in August 2021, Urban Eatz Delivery is a food delivery service app that caters to the overlooked and underrepresented restaurants, food trucks, and home-based food vendors. Urban Eatz Delivery has earned over $88,000 in revenue, delivered to over 2,000 users, and worked with 36 restaurant and food vendors on the app. The company is led by CEO D’Andre Good.

“The five companies selected for the Spring 2022 cohort tackle unique problems that have propelled them to create a business that solves the issues they once faced," Foster says in a news release. "From public speaking, apparel comfort, and food delivery from underrepresented restaurant owners, these founders have found their niche and are ready to continue to make an enormous impact on the Houston ecosystem."

it's Foster's first cohort at the helm of the program. A Houston native, she has her master’s in public administration from Texas Southern University and a bachelor’s in marketing from Oklahoma State University. Her background includes work in the nonprofit sector and international business consulting in Cape Town, South Africa, and she's worked within programming at organizations such as MassChallenge, BLCK VC, and now gener8tor.

The program is housed at the Downtown Launchpad. The five startups will have access to the space to meet with mentors, attend events, and run their companies.

"Creating (the hub) was a little like a moonshot, but it’s paying off and contributing enormous impact to the city’s economy. The five startups selected for the gBETA Houston Spring cohort will continue that legacy,” says Robert Pieroni, director of economic development at Central Houston Inc., in the release. “As these entrepreneurs chase their dreams and create something epic, they will know Downtown Houston is standing behind them. I am so proud of what Downtown Launchpad is already, and what it will become.”

Muriel Foster, a native Houstonian, is the new director of gBETA Houston. Image via LinkedIn

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