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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. 

$1.95 billion

Venture capital funding in Houston for the 4-qtrs ending Q4/22

$32.6 billion

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

3.8 million square feet

Retail market has absorbed 3.8 million sq. ft. over the past 12 months.

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

Rising in Houston: Projects to Look Forward to in 2024 and Beyond

4/8/24
Houston experienced significant economic resilience and growth amidst looming concerns of a recession. Despite slowdowns across sectors, the Bayou City continued to create jobs, adding 53,700 in the first 10 months of ’23, according to the Partnership’s Houston Region Economic Outlook report. While the real estate market faced challenges, the greater Houston region saw many dynamic projects come to life, including the opening of Helix Park, the Texas Medical Center’s first phase of its new 37-acre campus.  Looking ahead, here are a few developments that will impact Houston’s economy in 2024.  Arco Del Tiempo Serving as the centerpiece in Houston’s East End Guadalupe Plaza Park, Arco Del Tiempo is a new environmentally sustainable art installation aiming to advance the region’s transition to an energy abundant future. Standing at a 100-feet tall, Arco Del Tiempo will not only generate power for the nearby City-owned Latino multicultural performing arts theater, Talento Bilingüe de Houston, but it also will offer a gathering space for the community. Arco Del Tiempo is set to be installed in 2024.  Click to expand Austin Point Austin Point is a first-of-its-kind 4,700-acre master-planned town that will feature 1,600 acres of mixed-use commercial development space and a walkable downtown area with hospitals, life sciences labs and corporate headquarters. The first phase of the development will include The 1824, a central park and community center with a café, wine bar, large front porch, an event lawn, children's play area, beer garden, food truck court, walking trails and a dedicated space for outdoor fitness activities and games.   Autry Park Spanning 14-acres in Montrose, Autry Park is an urban village designed to increase connectivity and walkability to food, entertainment, retail and living in the area. The project's first phase includes two apartment buildings, Hanover Autry Park, a 24-story apartment tower with 324 units, and Hanover Parkview, an eight-story mid-rise with 421 units, both have already opened. Phase two is projected to open at the end of 2024 with additional commercial tenants and retail space. BioHub II at Generation Park Generation Park, Northeast Houston’s massive commercial development, is set to open its new state-of-the-art, 45-acre biomanufacturing hub – BioHub II this year. The new master-planned campus will include 500,000 square feet for cGMP manufacturing, lab and office space and house the biomanufacturing workforce institute that will offer certificate coursework in bioprocessing to students, further expanding the region’s life sciences ecosystem and workforce.  Click to expand East Blocks  A redevelopment project led by Houston-based Pagewood and Wile Interests aims to transform former warehouses in EaDo into a walkable 10-block mixed-use district. East Blocks is expected to break ground in the second quarter of 2024 and will encompass 513,000 square feet southwest of Shell Energy Stadium. Phase one will include a unique blend of restaurants, shops, office and green space and will include existing tenants 8th Wonder Brewery and Pitch 25, while phase two will focus on additional retail and restaurant space. The Allen The Allen, a sophisticated new mixed-use development is currently underway in Houston’s Allen Parkway corridor. The first phase, The Residences at The Allen, includes the development of a $290 million, 35-story skyscraper that towers over Buffalo Bayou Park. The stylish new building offers luxury condos, high-rise penthouses and a sleek 170-room Hotel – the Thompson, which opened earlier this year. Phase II of The Allen is anticipated to break ground in early 2024 and will include more retail and restaurant space and luxury multi-family living.  Click to expand The Commons at Hermann Park Hermann Park is changing the game for green spaces in the Houston area with its new groundbreaking 26-acre development – The Commons. Slated to open to the public this week, The Commons aims to revolutionize the beloved park with a unique collection of play areas, including an immersive space-themed area and a life-sized carousel. The commons also features many new gathering spaces including a Central Lawn and the Live Oak Terrace.  The Houston Astros Entertainment District  The Houston Astros expect to break ground on a new entertainment district adjacent to Minute Maid Park in Nov. 2024 The district will feature a 17-story hotel, 60,000 square feet of retail space for restaurants and shops and a three-level gathering area for fans to watch Astros games and other major sporting events on a massive outdoor screen. The venue will also host live music performances. The Grand at 249 Situated at the corner of the Grand Parkway-Highway 249 intersection, the groundbreaking 65-acre retail center dubbed The Grand at 249 will span 404,256 square feet in Tomball, making it the largest retail concentration within Houston's northwest submarket. Slated for completion in 2025, The Grand at 249 will boast 12 pad sites and include tenants such as AT&T, Boomer Jack's, Gringo's, Jersey Mike's, Milano Nails and Two Pho Nine Asian Fusion.   Learn more about why businesses are choosing Houston and what it means to live, work and play in the Bayou City. 
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Economic Development

Houston House Spotlights Major Advancements in Tech and Innovation at SXSW

3/18/24
The Greater Houston Partnership returned to Austin to host Houston House at the 2024 South by Southwest conference, highlighting the strides made in technology and innovation within the city. Throughout the one-day program, discussions delved into the essence of collaboration as a driving force behind success in startups and industry advancement within the Houston region. Startups face formidable odds, with up to 90 percent failing within the first few years. However, the consensus among successful Houston startup founders and investors is clear: collaboration is key for scaling effectively. Sunny Zhang, Founder and Chief of True Leap, stressed the importance of cultivating diverse perspectives and networks, emphasizing to “surround yourself with different minded people in every spectrum to maximize your collective intelligence and your network.” Amidst the evolving landscape of remote work and the rapidly changing tech industry, startup CEOs prioritize fostering positive work cultures that revolve around strong team dynamics. This emphasis on collaboration ensures cohesion and resilience as companies navigate the challenges of scaling up effectively. Co-Founder and CEO of Hello Alice Carolyn Rodz shared fostering teamwork through shared responsibilities, even tasks like taking out the trash, binds teams together towards a common goal. Throughout the discussion, panelists consistently underscored the magnitude of activity burgeoning within Houston. From Greentown Labs and the Ion to the Texas Medical Center and Generation Park, Houston’s vast portfolio of thriving industries and innovation hubs have paved the way for opportunity and collaboration across sectors, driving growth and success in the region. “Houston has a cornucopia of opportunities for people looking to switch industries,” said Trevor Best, CEO of Syzygy Plasmonics. “There is a lot of overlap across industries. At Syzygy, we got people who come from the oil industry and aerospace who bring in different skill sets.” Yet, with growth comes the imperative of nurturing talent pipelines. Education leaders emphasized the need for community collaboration in preparing students for evolving industries. “If you look at low-income students in Texas, only 23 percent of students are completing secondary education," said Raj Salhotra, Executive Director of Momentum Education. “Most jobs require experience and education past high school. We have to build a pipeline to get people there.”  Houston House at SXSW 2024 showcased the region’s unwavering dedication to propelling its tech ecosystem forward, spotlighting its collaboration efforts and the groundbreaking advancements driving growth and innovation in the Bayou City. “There is a revolution happening in Houston, said Best. “There are signs pointing to a lot of success in the future. We are on the cusp of something huge.” View Houston House at SXSW Panel Recordings. 
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Related Events

Economic Development Event

State of Houston's Global Economy

Tickets now on sale! The Greater Houston Partnership invites you to the State of Houston's Global Economy on May 2, 2024. Houston's ties to the global economy have grown alongside the city,…

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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
Have someone from our Innovation Strategy Office contact you:
Executive Partners