Houston Technology Center creates program, position in The Woodlands
The Houston Technology Center plans to begin operations in The Woodlands through a new program called HTC North.
For now, the plan is to hire one person to facilitate HTC North operations, but down the road, full-time office space isn't out of the question, said Maryanne Maldonado, HTC vice president and COO.
The focus of this program is clean technology and water technology, she told the HBJ. Eventually, HTC North could encompass other industries.
"Our goal is to expand our presence in that region," Maldonado told the HBJl. "With the onset of (Exxon Mobil's (NYSE: XOM) new campus), with all of the exploration and production companies in that region, the explosion of The Woodlands and that area, we feel it's important that we capitalize on those opportunities."
The goal is to have around four or five technologies in the program by the end of the year.
HTC North has aligned itself with the Houston Area Research Center. The two organizations are splitting the cost of the new hire, Maldonado said, but the person will be considered an HTC employee.
The Houston Technology Center is in the middle of a regional search for the new hire, Maldonado told the HBJ. The goal is to have the person on board by April 1 and to begin the program by mid-April.
The representative will scout for technology and entrepreneurs, bring them into HARC to have the technology tested and, if deemed viable, help them go to market.
HTC North will take a standard 4 percent equity from the companies, Maldonado said. Companies will also be eligible for $25,000 seed round from the McNair Foundation if they want.
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Joe Martin covers quality of life, health care and technology for the Houston Business Journal. Follow him on Twitter for more.