Among the top news for Houston’s innovation ecosystem for the year so far has been the announcement that Austin-based Capital Factory has merged with Station Houston.
The merger is officially completed, and how the combined startup development organization will interact with Houston’s entrepreneurs is clear for Gabriella Rowe: It’s about bringing Station Houston’s mission back to why it was founded in the first place.
Rowe joined this week’s edition of the Houston Innovators Podcast to discuss the merger, as well as her position as executive director of The Ion, a 270,000-square-foot innovation hub being developed by Rice Management Company. Station was tapped to be the program partner for The Ion, but it’s come a long way since its founding by John Reale, Grace Rodriguez, and Emily Keeton in 2016.
“Station was started originally to give entrepreneurs to give that place — that landing pad and cohort of colleagues. Over time as it grew and moved to 1301 Fannin St., it continued to do that,” Rowe says on the podcast, explaining that the passion of the founders grew Station way beyond that. “That culminated in a lot of ways with Station being selected as the programming partner of The Ion.”
Through this growth and transition, Rowe describes two different versions of Station Houston emerging. One was focused on longer-term initiatives to bring programming that drives talent and attracts capital. But startups and entrepreneurs need funding help and business development mentorship now — not in a longer-term way.
“That kind of attention is exactly what Capital Factory is all about,” Rowe says. “[The merger is] about making sure that Station goes back to its roots to focus on the entrepreneurs.”
Now that she is focused full time on The Ion, Rowe is ideating how to make the facility a vehicle for innovation development, but also create a diverse and inclusive environment reflective of Houston’s own diversity.
“We’re creating an opportunity for Houstonians,” Rowe says on the episode, explaining why she’s focused on bringing in a wide range of programming and education into The Ion.
In the episode, Rowe also discusses the Ion Smart Cities Accelerators, which has 10 companies from its inaugural cohort in pilot mode across Houston and has launched applications for its second cohort, as well as why she thinks Houston’s innovation ecosystem is sure to succeed this time around.