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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. 

500+

Houston is home to over 500 digital technology companies

$32.6 billion

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

16.9 percent

Part of Houston's digital tech firms that specialize in health care

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. 

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

Potential Development Could Spur More Economic Activity in The Woodlands

11/18/22
Two new hotels and more shopping could be headed to The Woodlands as the area continues to see growth.  The Woodlands Mall wants to expand with a minimum of 80,000 square feet of new retail space in an open-air, mixed-use commercial area that would also include a full-service hotel with at least 200 rooms, a select-service hotel with at least 125 rooms and a multi-level parking garage. The mixed-use project would be located south of Macy’s near the movie theater and be developed in two phases. The total area encompasses 15 acres. Concept renderings of The Woodlands Mall expansion (Courtesy: The Woodlands Township)   The Woodlands Township recently entered into an economic development agreement with The Woodlands Township Economic Development Zone and The Woodlands Mall Associates, LLC. The project would be in an economic development zone, which spurs economic growth and job creation.   According to documents from The Woodlands Township, depending on the scale of the project, it is estimated to generate anywhere from $180 to $275 million, based over a 30-year term. The range is based on whether the developer decides to build a smaller or larger parking garage. The township would receive more than 70% of the generated revenue and the mall would receive the remainder. The agreement also calls for the reimbursement of the parking garage costs up to $80 million. The developers have not announced when construction on the project would begin. The Woodlands Mall will decide if and when they will move forward with the plan. The Woodlands area has recently seen more economic development wins. Cellipont Bioservices recently broke ground on its new headquarters and manufacturing facility in the Research Forest area after announcing earlier this year it was moving from California to Texas. SI Group Inc. also announced earlier this year that it’s moving its global headquarters from New York State to the Hughes Landing complex. The Woodlands area has seen substantial population growth over the past decade. From 2011 to 2021, Montgomery County’s population grew more than 37% to 648,886 people.   Learn more about Montgomery County's rapid growth, business developments and future plans during the Partnership's Future of the Houston Region event on Dec. 13.
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Economic Development

Sugar Land Gets Competitive to Keep its HQ Companies

11/7/22
In an increasingly competitive economic development landscape, the City of Sugar Land is making a big play to keep the companies it already has.  Earlier this month, Sugar Land officials announced a new incentive program aimed specifically at the city’s office headquarters companies. The approved program provides $6,000 per job for qualified businesses to keep their headquarters in Sugar Land. As new office parks and commercial real estate developments pop up across the region and in competitor markets, Sugar Land’s move is a business retention tool designed to keep companies and investment inside the city limits.  “Retaining office headquarters is key to maintaining high-paying jobs in Sugar Land,” said Elizabeth Huff, Economic Development Director for the City of Sugar Land. “Our new incentive program ensures we maintain our office headquarter locations during this highly competitive office market and hopefully grow those high-quality job opportunities in our community.”  To qualify for the new incentive program, companies headquartered in Sugar Land must retain at least 50 primary jobs and renew their existing lease for five to ten years within the city limits. The program also requires companies commit a minimum of $1 million towards capital investment for build outs or office improvements. The investment requirement is expected to help Sugar Land, which consistently ranks among the fastest-growing suburbs in the state, to enhance its office infrastructure by encouraging companies to spend money to improve their existing space.  Sugar Land Mayor Joe R. Zimmerman said the new incentive program will enable the city to retain the companies that already call the Fort Bend County community home. “The new program allows us to target existing companies and selected industries in order to demonstrate our level of commitment and partnership to our business community,” Zimmerman said.  According to the Houston Business Journal, Sugar Land is currently home to the headquarters or principal offices of 19 companies across different industries, including a subsidiary of SLB (formerly Schlumberger), Noble Corp., Accredo Packaging, and Bluebonnet Nutrition. Learn more about why companies are choosing the Houston region.   
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Related Events

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
Looking for the rest of our team?
Partnership Staff
Have someone from our Innovation Strategy Office contact you: