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Exclusive: Out-of-state venture firm specializing in research-based startups expands into Houston

A new venture development company has expanded into Houston with a Texas Medical Center office. Photo by Dwight C. Andrews/Greater Houston Convention and Visitors Bureau

For an Arkansas-based technology venture development firm that focuses on research-based companies coming out of universities, the Lone Star State was a tempting spot for expansion.

VIC Technology Venture Development has appointed James Y. Lancaster as the Texas branch manager. Lancaster, who lives in College Station, will oversee business there, in Dallas, and in Houston. Locally, he will work out of a TMC Innovation Institute office.

"I am excited to be working to TMC member institutions to provide a new avenue for commercializing their technologies, expanding on our fast start in Texas with an exciting opportunity in the Houston innovation ecosystem," Lancaster says in a release.

VIC specializes in taking university-founded research innovations to the marketplace by partnering with technology and business experts at every stage of the process.

The company already has a presence in Dallas with Dr. Ralph Henry, who is an entrepreneur in residence at the University of Texas Southwestern Medical Center and also serves as VIC's vice president of life science and medical technology. VIC's first Texas portfolio company was Solenic Medical, which was brought on in February of this year.

According to the release, the company's presence in Houston might be similar to that of its arrangement in Dallas, focusing on leveraging the resources of the TMC.

"Our local presence will include new technology assessment and licensing, along with expanding our national investor network. Of course, the end goal is to have a string of startup company successes based on TMC inventions, as well as the potential to license technology from across the country into new companies located in Texas," Lancaster continues in the release.

Lancaster has over 25 years of experience across industries. Prior to VIC, he was the founder and managing director of the Innovate Family of Companies including Innovate CXO Services, Innovate Angel Funds, and Innovate BCS Development in College Station. He's also worked with and advised companies coming out of the Texas A&M University System for 12 years.

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Building Houston

 
 

The immersive new exhibit will now open next year. Image courtesy of Houston Zoo

Houstonians eager to meet sea lions, giant tortoises, sharks, and Humboldt penguins at the Houston Zoo will have to wait a bit longer, the zoo announced.

Galápagos Islands, the highly immersive Houston Zoo experience showcasing one of the most pristine, ecologically rich areas in the world, will not open until early 2023.

The Galápagos exhibit is part of the zoo’s 100th anniversary celebration and was slated to open fall of this year. Zoo officials cite supply chain issues for key construction materials — such as acrylic viewing panels for the state-of-the-art sea lion habitat — as the reason for the delay.

This planned exhibit is the first of its kind to showcase the wildlife of the legendary island chain that Charles Darwin studied and made famous.Guests can dive into an environment evoking the archipelago’s unique landscapes and oceanic habitats — all meant to inspire intrigue and preservation.

One major draw should be the Galápagos penguins, which are threatened by overfishing, ocean pollution, and climate change and are highly protected by the Ecuadorian government. It is the most threatened penguin species in the world, the zoo notes, with an estimated population of less than 2,000 individuals.

The Galápagos is often heralded as the planet’s ultimate area spotlighting unique species, the delicate balance of ecosystems, and the pressing need for conservation action, the zoo notes.

“We’re disappointed that the project has been delayed, but we know we’re not alone in experiencing supply chain problems,” said Houston Zoo president and CEO Lee Ehmke in a statement. “Our commitment to conservation in the Galápagos Islands, our animal residents, and our guests here in Houston remain unwavering. A short delay in our exhibit opening will not deter us from our mission of connecting communities to animals, inspiring action to save wildlife.”

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This article originally ran on CultureMap.

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