Capital Factory, an Austin-based accelerator, last week announced it has expanded operations into Houston by merging with Station Houston.
It is part of the Texas Startup Manifesto strategy Capital Factory Director Joshua Baer has articulated in the past about the major Texas cities working together to create a vibrant statewide technology industry.
“Capital Factory is one of the top startup development organizations in the country. By partnering with Station Houston and expanding their footprint into the Ion, commitment to Houston’s entrepreneurs is clear,” Harvin Moore, President, Houston Exponential, said in a news release.
Station Houston, founded in 2016, focuses on nurturing startups in Houston.
“We’ve learned over the years that Metcalfe’s Law - The Network Effect - applies to our startup portfolio. The more high-quality startups we have across a diverse range of industries, the more investors, big companies, and big government want to get involved. Uniting with Station Houston will see benefits run both ways,” Gordon Daugherty, Co-founder, and President, Capital Factory, said in a news release.
Station Houston will operate out of its current location at 1301 Fannin and then move into a new space at the Ion in early 2021.
“As we continue to develop our innovation economy in Houston and prepare for the opening of the Ion in January 2021, there is no better partner than Capital Factory to serve the needs of our entrepreneurs. For years, they have demonstrated their commitment to startups across Texas, helping them build their ideas through mentorship and introducing them to venture capital from around the country. I am incredibly excited to have them at the Ion. There are great things to come for the entrepreneurs of Houston,” Gabriella Rowe, Executive Director, The Ion, said in a news release.
The partnership also makes Capital Factory a founding tenant of the Ion, which will serve as a central innovation hub for all of Houston.
In 2018, Capital Factory expanded to Dallas, and now has a presence in three of the state’s major cities.
