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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. 

$32.6 billion

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

Fortune 500
#3

Houston ranks #3 among U.S. metro areas in Fortune 500 headquarters

$1.95 billion

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

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.

Watch

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

Greater Houston Partnership Recognized Among Site Selection Magazine’s Top Groups

5/3/24
The Greater Houston Partnership has been awarded Site Selection Magazine’s Mac Conway Award for Excellence in Economic Development for its outstanding regional economic development performance in 2023. Widely considered to be the gold standard recognition for regions from the industry’s top trade publication, the award is based on the following criteria:  Total projects Total investment associated with those corporate facility projects Total jobs associated with those corporate facility projects Per capita calculations of those same three metrics  "Receiving the Mac Conway Award for Excellence in Economic Development is not just a recognition of our region’s achievements; it's a testament to our commitment to creating opportunity in Houston,” said Steve Kean, President and CEO at the Partnership. “It’s a team effort here in Houston, and we are delighted to work with our partner economic development groups across the region to tell the world about Houston and attract new jobs and investment to our community.”  This is the Partnership’s first win since 2021 and 15th time winning the award. The Partnership previously received honorable mentions in 2007, 2016 and 2017, bringing the Partnership’s total number of appearances in Site Selection’s top group rankings to 18 since its inception in 1989.  “I am very proud of our organization's recognition of the prestigious Mac Conway Award for Excellence,” said Craig Rhodes, Senior Vice President of Economic Development at the Partnership. “It's a testament to the collaborative efforts with our partners across the 12-county region, and it motivates our team to continue our mission of driving inclusive prosperity and creating meaningful opportunities for all."  Following major economic development wins in 2023, the greater Houston region has gotten off to a strong start in the first quarter of 2024, with 139 new business announcements identified.  A total of 40 businesses established new facilities in the Houston area while 97 projects were an expansion of existing Houston-area facilities. Manufacturing accounted for 32 percent of the announcements, with professional, scientific and technical services ranking second (17 percent).  Learn more about why companies choose Houston.
Read More
Economic Development

Greater Houston Partnership Recognized Among Site Selection Magazine’s Top Groups

5/3/24
The Greater Houston Partnership has been awarded Site Selection Magazine’s Mac Conway Award for Excellence in Economic Development for its outstanding regional economic development performance in 2023. Widely considered to be the gold standard recognition for regions from the industry’s top trade publication, the award is based on the following criteria:  Total projects Total investment associated with those corporate facility projects Total jobs associated with those corporate facility projects Per capita calculations of those same three metrics  "Receiving the Mac Conway Award for Excellence in Economic Development is not just a recognition of our region’s achievements; it's a testament to our commitment to creating opportunity in Houston,” said Steve Kean, President and CEO at the Partnership. “It’s a team effort here in Houston, and we are delighted to work with our partner economic development groups across the region to tell the world about Houston and attract new jobs and investment to our community.”  This is the Partnership’s first win since 2021 and 15th time winning the award. The Partnership previously received honorable mentions in 2007, 2016 and 2017, bringing the Partnership’s total number of appearances in Site Selection’s top group rankings to 18 since its inception in 1989.  “I am very proud of our organization's recognition of the prestigious Mac Conway Award for Excellence,” said Craig Rhodes, Senior Vice President of Economic Development at the Partnership. “It's a testament to the collaborative efforts with our partners across the 12-county region, and it motivates our team to continue our mission of driving inclusive prosperity and creating meaningful opportunities for all."  Following major economic development wins in 2023, the greater Houston region has gotten off to a strong start in the first quarter of 2024, with 139 new business announcements identified.  A total of 40 businesses established new facilities in the Houston area while 97 projects were an expansion of existing Houston-area facilities. Manufacturing accounted for 32 percent of the announcements, with professional, scientific and technical services ranking second (17 percent).  Learn more about why companies choose Houston.
Read More

Related Events

Economic Development

State of the Port

The Port of Houston is renowned as a strategic gateway to the world and plays a vital role in facilitating international trade and driving economic growth. As the nation’s largest port in foreign tonnage, Port…

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