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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. 

3.8 million square feet

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

#5

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

8.25%

City of Houston has a combined sales and use tax rate of 8.25 percent

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

Transportation Projects to Transform Houston Roadways, Accommodate Growth

1/25/24
As the fourth most populous city in the nation, Houston faces the ongoing challenge of meeting the demands of its expanding population and ensuring efficient mobility for residents and businesses.   Metro Houston added nearly 125,000 residents in 2022, according to the Partnership’s analysis of U.S. Census Bureau data. A recent study from Site Selection Group also suggests that the Houston Metro is projected to see a 9.62 percent population growth rate or a total population of over eight million by 2028.  To accommodate for current and future growth, many dynamic transportation projects are underway in the region that will not only address current congestion and infrastructure needs but also lay the groundwork for a more sustainable and interconnected future.   Click to expand I-69 Southwest/610 West Loop Interchange Construction  In efforts to relieve congestion on two of Houston’s busiest highways, the project involves reconstructing the main lanes of Loop 610 along I-69 and transforming one-lane connectors into two-lane ones. After six years of work, the project is nearly finished.  "We have one connector ramp left that has to be that has to be demolished and rebuilt as part of the project," said Danny Perez, Public Information Officer for TxDOT's Houston District in a recent segment of Houston Public Media’s Houston Matters. "We have to do some work on the 610 main lanes. Once we do all of that work then the project will be substantially completed by this summer, and then have it fully completed by fall of 2024."    I-45 Downtown Houston  Construction on a segment of the massive I-45 expansion project is expected to kick off this year in downtown Houston, with drainage work along St. Emmanuel Street. Nearly two decades in the making, the North Houston Highway Improvement Project (NHHIP) includes the reconstruction of I-45 from the North Sam Houston Tollway/Beltway 8 to I-10 and reroute I-45 through downtown along I-10 and US 59/I-69.   According to Community Impact, another subproject of the NHHIP that includes the construction of main lanes along I-69 to Hwy. 288 is projected to start in 2025, while segment two of the project, which includes work along I-45 from I-10 to Loop 610 and parts of Loop 610, is not slated to begin until 2028.     Click to expand Houston Ship Channel Bridge  Spanning the Houston Ship Channel, the new cable-stayed bridge aims to widen the Sam Houston Tollway by providing eight lanes for vehicular traffic and shoulder lanes for motorcyclists. While construction saw a brief pause back in 2020, it has resumed with the southbound bridge slated for completion by late 2025 and the northbound bridge by 2028.    METRONext  To help alleviate traffic in the greater Houston region, Metro Houston’s METRONext Moving Forward Plan aims to expand community travel options that will take more cars off the road, including the following:  METRORapid Inner Katy is a project designed to cater to commuters in the Interstate 10 West and U.S. Highway 290 Northwest corridors. The project will create a new METRORapid line running through I-10 in the inner Katy area, including stops at Shepard/Durham and Studemont. Additionally, the project will provide exclusive lanes for Regional Express buses on I-10 West and Hwy. 290 North West, bypassing congestion on I-10.   METRORapid University Corridor Project aims to increase connectivity from the Westchase Park & Ride and to the Tidewell Transit Center, providing access to four educational institutions including Houston Community College, Texas Southern University, University of Houston and University of St. Thomas.  Discover Houston's robust transportation systems. 
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Economic Development

Brazoria County Boasts New Development, Emerging as Premier Destination for Residents and Businesses

1/18/24
Consistently named one the “fastest growing counties in the region,” Brazoria County has recently witnessed significant growth and development, emerging as a thriving residential hub and premier business location.  Groundbreaking new developments, such as the Manvel Town Center and master-planned communities including Meridiana and Sterling Lakes in Iowa Colony, have contributed to the county’s growth, transforming its small-town feel into a vibrant and bustling atmosphere.   According to the Houston-Galveston Area Council’s Economic Resilience Profile, “Brazoria County grew by 104% from 1980 to 2015 and is expected to reach 574,000 residents by 2040.”  Several key elements fuel the ongoing growth of the county, rendering it an enticing destination for both businesses and residents, including:  Business Community  Spanning nearly 2,000 square miles, Brazoria County consists of over 23 cities, with Pearland, Lake Jackson, Alvin, Angleton and Freeport being the most populous.  Offering a strategic location on the Gulf Coast near Houston, a skilled labor force with nearly 200,000 workers, robust infrastructure consisting of four major highways, Port Freeport and the Texas Gulf Coast Regional Airport, Brazoria County has cemented itself as an attractive destination for businesses.  With a diverse range of industries such as construction, manufacturing, petrochemicals, and healthcare, Brazoria County has nurtured a dynamic business ecosystem, drawing the attention of both major corporations and innovative startups.  In 2022, clean tech startup Syzygy Plasmonics chose Pearland as its headquarters after securing $23 million in Series B funding. Since then, Syzygy has expanded to over 100 employees with ambitious plans for further growth.  “Syzygy is helping put Pearland at the forefront of the clean energy industry,” said Matt Buchanan, president of the Pearland Economic Development Corporation in a statement. “With companies like Syzygy, we are creating a community that is an incubator for innovation.”  Millar Inc., a leading medical device manufacturer, also recently relocated its headquarters to Pearland, opening a 56,000 square-foot R&D manufacturing and warehousing facility in the Lower Kirby District.   Click to expand Other top employers in the county include Dow, with nearly 4,000 employees, Kelsey-Seybold, Olin Corporation, Phillips 66, Marquis Construction Services, UTMB Health and INEOS.   Quality of Life  In addition to its robust business community, Brazoria County is known for its exceptional quality of life, offering a low cost-of-living, a flourishing economy and three higher education institutions, including Alvin Community College, Brazosport College and University of Houston-Clear Lake at Pearland.   According to the Economic Development Alliance for Brazoria County, “71.1% of Brazoria County residents 25+ are high school graduates or higher and 32% hold a bachelor's degree or higher.”  Along with its quality education system, the county boasts an array of parks and green spaces, consistently being named one of the “Best Counties in Texas for Outdoor Activities," according to the Economic Development Alliance for Brazoria County.   Click to expand With sprawling parks, scenic trails, and access to the Gulf Coast, the county provides a haven for outdoor activities such as hiking, fishing, and water sports. A few of the county’s hidden gems include, Surfside Beach, the San Bernard National Wildlife Refuge, Gulf Coast Bird Observatory and Froberg’s Farm.  New Development   Thanks to recent business growth, the county is experiencing a transformative wave with a notable influx of master-planned communities and mixed-use developments that are reshaping the residential landscape of the region. A few recent development projects include:  Ashland, an 880-acre master-planned community, is underway in Angleton, making it the city’s first ever planned community of its kind. The new community will offer 2,450 homes, space for an elementary and junior high school and 200 acres of amenity space, including a nature preserve, a recreational center, a resort-style pool and more.  Manvel Town Center, a new 273-acre mixed-use development, aims to transform this small-town's way of life, offering an array of retail options that were previously not available in the area. While the development is still undergoing construction, HEB and Mcdonald’s opened late last year.   Click to expand Sandy Point, a 954-acre master-planned community, is set to breathe life into the small city of Iowa Colony, offering over 2,000 single-family homes, parks and green spaces, a pool, clubhouse and more. The first phase is expected to be completed later this year.   The Landing at Pearland, a gated 55-acre manufactured home community, recently opened, offering an enticing blend of affordability and upscale amenities that are found in master-planned communities. Along with 420 home sites, The Landing provides a plethora of amenities, including a pool, game room, club house, basketball court and dog park.   Learn more about the counties that make up the greater Houston region.   View this post on Instagram A post shared by Greater Houston Partnership (@ghpartnership)
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Related Events

Economic Development Event

State of Houston's Global Economy

The Greater Houston Partnership invites you to join us on May 2, 2024, for the State of Houston's Global Economy.   The State of Houston’s Global Economy explores Houston…

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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