In Texas, it is well known that
Austin is the place to go for unique business start ups, especially if they are
technology related. Seeders, incubators, and an assortment of early stage investors
abound and that is probably not going to change any time soon.
Houston may not be the capitol
city of the state, but as the “Energy Capitol” of the world it is flush with financial
capital and rich in home grown entrepreneurial talent.
Last week, Red Labs of the
University of Houston, and OwlSpark, of Rice University, hosted a joint event
called the Bayou Startup Showcase, which gave students of both schools a forum
to pitch their businesses to an audience of their peers, the media, and
potential investors.
According to the event organizers
Hesam Panahi of Red Lab, and Kerri Smith of OwlSpark, participants underwent months
of mentorship with business leaders which included dozens of pitch meetings and
consultations to help refine business models and presentations.
The joint effort between the two
schools sets a precedent in efforts to cultivate entrepreneurial activities by
an educational institutions within Texas.
“Collaboration is a key
ingredient to any successful entrepreneurial ecosystem – although it is
sometimes difficult to achieve in a city as big as Houston. Rice and UH are
paving the way for future institutional collaboration with their joint
accelerator demo day. The Bayou Startup Showcase is a real
benefit to their entrepreneurs, mentors and others in the Rice and UH
communities. — Blair Garrou, Managing Director at Mercury Fund
As an observer of the event, I
can testify to the spirit of cooperation and to the level of professionalism of
the event. The format of the event was appropriate, with a dozen firms making
approximately 5 minute long presentations, with the first half going early in
the afternoon, and the second half going a bit later after a networking break.
During the breakout session I had the chance
to talk to the different startups and meet other attendees which included other
start-up companies and an assortment of start-up investors. I met people who
were investing in or worked in clean energy, medical devices, energy storage,
phone apps, social media, and technology incubators. This does not even include
all of the presenters.
From Xconomy:
The entrepreneurs were a mix of undergraduate and graduate
students. Some have worked on their startups for years while others only
conceived of their ideas a few months ago.
Five of the 12 have already been featured as part of
Xconomy’s “startup summer school” series, such as Zodist, Luminostics, and RaptorBird Robotics.
We also met Data is Beautiful Solutions, which
rechristened its BioWheel product to Easel, and ProsthetiTech, which is now known as
Prosus Health.
Here is the rest of the entrepreneurial lineup:
—Wavve: This
U of H startup has developed what it says is a nanomaterial dubbed “filtering
beads” that removes bacteria, metals, and chemicals from water better than
traditional commercial filters. The startup competed in the Rice University
Business Plan Competition this past April and completed the I-Corps program
sponsored by the National Science Foundation. CEO Julia Lonnegren says they are
seeking additional grants to do more testing and hope to partner with large
filter manufacturers like Brita, Unilever, and Culligan.
—Thermal Nomad: There
just aren’t enough microwaves. That’s the opening statement put forward by
student entrepreneurs at Thermal Nomad at Houston. This startup says it has
developed a self-heating thermos in which liquid and semi-solid foods can be
heated in two minutes and at 180 degrees. The entrepreneurs are targeting
athletes who compete in daylong competitions and require frequent eating.
—Nexus Software: This
startup is creating a “few-to-few” social network through its photo-sharing app
called Corners. The app attempts to find a customized middle-ground between
one-on-one communication and sites like Twitter and Facebook which connect
users to a large, open-ended group of people. Nexus is targeting the Greek
system at Texas Christian University in Fort Worth, TX, as a test case.
—One Jump: This startup is developing an online database
of educational enrichment opportunities, especially for underserved students.
The idea is to feature a one-stop shop online for students to learn about
programs, how to apply, and how to receive financial aid using a Netflix-style
search. Founder Karthik Soora, a former Teach for America volunteer, says
connecting underserved students like those from low-incomes to these programs
often serves as crucial stepping-stone for personal enrichment. The site could
also help universities connect to students with specific desired profiles, he
said.
—YouHootMe: The
app aims to bring the serendipity of meeting people in the real world online
through geographic social networking. Users can search within a specific
ecosystem—whether that’s a university or a city—and have live video chats with
others in that ecosystem.
—HospiTable: The
hospital table hasn’t been redesigned in more than 200 years, say founders at
this Rice startup. HospiTable’s table has features like a lazy Susan, hand
stabilizers, and adjustable heights in order to make it easier for patients to
eat. The benefits go beyond patient comfort. Co-founder Ben Hoff says better
eating habits mean fewer malnourished patients, fewer hospital days and lower
readmission rates, which could lead to cost savings for hospitals.
—Big Delta Systems: Why
should batteries be rectangular or cylindrical in shape? These Rice entrepreneurs
have developed a spray-on flexible battery that uses existing battery chemistry
in order to allow design customization of items such as wearable devices. The
startup uses a 3-D printing technique to create the battery. Big Delta Systems
is licensing the technology from Rice and co-founder Adrian Yao says they
expect to close on a seed round of funding soon.
—Rebel Putter: Call
it a smart putter. Armed with computer processing, a sensor, and a laser, Rebel
Putter says its device can help golfers correct their putts in real-time
without changing the feel and weight of the putter itself. All of the data is
then synced to a player’s smartphone for review later. The prototype is
compliant with Professional Golf Association standards, says co-founder Yize
Zhao.
Napoleon T. Butic
CEO
Trout Payment Systems
www.troutpays.com
Houston's Payment System Hook Up
Merchant Services | Credit Card Processing | Mobile/Online Payments
Houston's Payment System Hook Up
Merchant Services | Credit Card Processing | Mobile/Online Payments
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