On Bauer Business Focus—A conversation on how Houston stacks up nationally in terms of startup venture capital with Houston Public Media News 88.7 Business Reporter Andrew Schneider.
Houston has become a competitive city over the last decade thanks to technology startups, matching stride with front runners like Silicon Valley and Boston. HTC is the largest technology business incubator and accelerator in Texas.
“They range from energy—upstream, midstream, downstream—remediation and clean fuels, life science, pharmaceutical and medical devices, information technology, nanomaterials and heavy duty materials, and NASA related aerospace,” Ulrich said of the companies Houston Technology Center currently works with.
According to Ulrich, Houston’s energy sector remains strong and a good number of energy companies are on HTC’s client roster. However, he has recently seen a growth in the life science sector. Ultimately, this growth occurs to a paralleled growth among venture capitalists in Houston as well as statewide in Texas.
“Silicon Valley and Boston, certainly San Diego all have a very high reputation for new ventures. California leads the country by a very substantial margin over the other states. Texas, as a state, comes in fourth or fifth in venture capital,” Ulrich said. “The good news is there’s been a tremendous increase in investments here in Houston.”
To hear the full story, click here.