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Innovation

Houston is where innovation and industry converge. Ours is a city that chooses to take humankind's boldest challenges head-on, from landing on the moon to developing the first artificial heart. And Houston's innovation ecosystem continues to thrive through programs like TMC Innovation Institute at the Texas Medical Center and spaces like the emerging Innovation District. 

18

Houston is home to 18 Forbes Global 2000 headquarters

#5

Houston ranks #5 in the U.S. in Fortune 1000 headquarters

$32.6 billion

Retail sales topped $32,6 billion in Q3/21.

Innovation Corridor

Houston’s Innovation Corridor is at the center of an extraordinarily powerful social and economic convergence. The four-mile-long Corridor is linked by light-rail, bike lanes, and pedestrian thoroughfares, and offers easy access to key industry and institutional players along with an unparalleled array of amenities. It runs from Downtown on the north end, south through Midtown, the Museum District and the Texas Medical Center. 

 

Innovation District

Rice University is currently developing a new innovation district in Midtown. Housed on a 16-acre site anchored by a former Sears building, the hub will bring the area's entrepreneurial, corporate and academic communities together. The nucleus of the Innovation District is The Ion, a nearly 300,000-square-foot structure that serves as a collaborative space for businesses at all stages of the innovation lifecycle. A number of companies and nonprofits have taken up residence in the development.

Houston Tech and Innovation Conversations at SXSW

A Data-Driven Look at Houston's Innovation Ecosystem

The Partnership's Josh Pherigo takes a data-driven look at the current trends in the startup space and the Houston region's momentum in building a thriving innovation ecosystem.

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The Power of Diversity in Innovation

Jan Odegard of The Ion and Ashley DeWalt of DivInc Houston talk about the power of diversity within innovation.

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Corporate Partnerships Drive Innovation in Life Sciences

Fiona Mack of JLABS at TMC discusses how Houston is quickly emerging as a hub for life sciences innovation.

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The Houston Tech Report

This report outlines the tremendous growth in Houston’s tech ecosystem in recent years as evidenced by the expanding workforce as well as startup and venture capital activity. The report also highlights the region’s unique strengths in the sector. 

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Houston Exponential

Houston Exponential is a dynamic organization that serves, organizes, champions and grows the region’s innovation ecosystem. HX is accelerating the development of Houston’s innovation economy, fostering a robust ecosystem that supports high-growth, high-impact startups. HX works to convene the ecosystem, helping to build an innovation district in Houston and attracting talent to the region and promoting Houston’s image, both locally and nationally, as a vibrant, innovative economy where startups thrive.

Houston's Innovation Partners

Related News

Economic Development

From HVAC to Home Runs: How Daikin Fuels Economic Growth in Houston

3/27/25
Daikin Comfort Technologies North America is making history in Houston—not just on the field, but across the region. As the new namesake of the Astros’ ballpark, Daikin’s investment in the Houston region has been a game-changer for the regional economy and community.  Daikin’s journey in the Houston region has been one of steady growth and impact, and it all began over a decade ago. In 2012, the Japanese company acquired Goodman, a leading U.S. manufacturer of residential air conditioners. The acquisition strengthened Daikin’s foothold in the U.S. market and expanded its product offerings.  In 2017, the company opened the Daikin Texas Technology Park in Waller – just outside Houston – after consolidating Goodman’s four U.S. factories, headquarters, and distribution bases. The 4.2 million square-foot facility also serves its North American headquarters.  Since then, Daikin has invested more than $1 billion in the region, including over $500 million in the technology park alone. In 2023, the company announced the launch of a new product line focused on digital HVAC technology.   “Since establishing their campus in the region, Daikin has continued to grow, invest, and create jobs,” Steve Kean said. “Their expansion has brought new opportunities, strengthened our economy, and reinforced Houston’s role as a hub for global manufacturing and advanced technology.  Their knowledge and technology will also be valuable to our community as we maintain and grow our position as the world’s energy capital.”   As the Astros take the field at the newly renamed Daikin Park, the partnership marks more than a new name on the stadium — Daikin’s commitment to Houston goes far beyond the stadium. Through community programs focused on education and sustainability, the company is helping strengthen the region while reinforcing its commitment to innovation, economic growth, and global recognition for the region.  In partnership with the Astros, Daikin is launching two major programs. The Most Valuable STEAM Scholarship will provide Houston-area students with resources to pursue careers in science, technology, engineering, arts, and mathematics. Daikin’s community cooling program will bring energy-efficient HVAC systems to underserved households, helping families stay comfortable while lowering energy costs.  Complementing these developments, the City of Houston has undertaken infrastructure improvements around Daikin Park. Texas Avenue, between Crawford and Hamilton Streets, was repaved — with crews removing 10 inches of pavement and replacing it with concrete and asphalt. Work began March 8 and continued around the clock to ensure the street reopened ahead of Opening Day, showing the city's commitment to creating a seamless experience for fans.  Daikin’s long-standing commitment to Houston shows that when global companies invest in our region, everyone benefits. From job creation and workforce development to education and sustainability, Daikin’s work in Houston is a strong example of what can happen when business, government and community come together.  Click to expand Daikin’s naming rights deal for the stadium runs through the 2039 season.  Learn more about what makes Houston the ideal place to live, work and build a business.
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Economic Development

George R. Brown Convention Center’s $2 Billion Transformation Project

3/10/25
The George R. Brown Convention Center (GRB) is set to undergo a major transformation that will reimagine downtown Houston into a pedestrian-friendly convention and entertainment district.  Mayor John Whitmire and Houston First Corporation recently unveiled a master plan for the project, marking the first substantial renovation since 2016, which opened the building to Discovery Green and created the Avenida Houston Plaza.   The $2 billion project aims to bolster Houston’s position as a global hub for sports, entertainment and tourism, an especially timely investment as the city prepares to host FIFA World Cup matches in 2026 and the Republican National Convention in 2028.   Phase One  Click to expand The first phase of development includes a 700,000-square-foot building, GRB Houston South, which will serve as a key connector between downtown and Houston’s East End. The building will include two exhibit halls, a multipurpose hall opening to the new Central Plaza, an atrium flex hall, ground-level retail and dining spaces and what is set to be the largest ballroom in Texas.  Click to expand Additionally, the Avenida Plaza will be extended south to connect Discovery Green with the new Central Plaza, creating an expanded gathering space for large-scale events and community activities.  “This project is truly transformative for downtown Houston, a lasting legacy that will solidify our position as a top-tier convention and entertainment destination,” said Mayor Whitmire in a press release. “Most importantly, we are creating a space that will build community, foster connection, and shape the future of Houston.”  Click to expand The project's design is inspired by Houston’s bayous and natural prairie landscape. Along with its nature-inspired elements, the building will use eco-friendly materials and energy-efficient systems, including rainwater collection and water-saving features, to minimize its environmental impact and strengthen the city's sustainability efforts.  The groundbreaking project will be funded by a portion of the state’s hotel tax revenue, made possible by Senate Bill 1057, which passed in 2023.  The Need for Expanded Infrastructure  With Houston’s hospitality and tourism industry rapidly expanding, the demand for expanded infrastructure has never been greater. In 2024, the city welcomed more than 54 million visitors, an increase of six percent from 2023 and nearly 10 percent since 2019, according to Houston First.  Click to expand “It is imperative for us to stay competitive and meet the needs of our meetings and convention customers,” said Michael Heckman, President and CEO of Houston First, in the same release. “This project will not only accomplish that but will "establish a gathering space that will be the epicenter for entertainment, sports, and city-wide events, accentuating our ability to capitalize on Houston's unique offerings.”  GRB Houston South is scheduled to open in May 2028, with the full project expected to be completed by 2038.  Discover more about living in Houston. 
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Related Events

Diversity and Inclusion

Planning the World Cup - Infrastructure, Diversity and Public Safety

Houston’s state-of-the-art venues have a proven track record of hosting world-class international sporting events. The city has successfully welcomed prestigious events such as the Super Bowl, FIFA World Cup…

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Additional Resources

See below for additional resources in Innovation. 

Need more information about Innovation in Houston? Your dedicated team member can help:

  • Assist in site selection analysis
  • Assist in evaluating and applying for incentives
  • Aid in the permitting process
  • Provide data on key business facilities
  • Facilitate and foster key introductions
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Partnership Staff
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Executive Partners