The Cannon and Capital Factory Partner to Accelerate Houston Startups
HOUSTON, (May 23, 2019) – The Cannon, an innovation hub for Houston’s entrepreneurs, has partnered with Texas-based tech accelerator Capital Factory. The partnership gives Capital Factory Accelerator companies based in Houston a local office to operate from for their first 6 months. The Cannon will create a dedicated Capital Factory-branded space for companies to work from and provide Cisco Webex video conferencing equipment for connecting to remote mentors. Capital Factory members will gain access to The Cannon’s entrepreneurial community of mentors, resources, and fundraising opportunities and The Cannon’s members will gain access to the Capital Factory’s network.
Capital Factory to add two Houston-based positions
As part of their commitment to the Houston market, Capital Factory will hire a venture associate to assist with finding new Houston-based companies to join their Accelerator program and prospective investments for Capital Factory’s venture fund. The fund has invested in several Houston-based start-ups such as Apartment Butler, Groupraise, Hypergiant, and Zenus Biometrics in 2018.
Capital Factory will also hire a mentor coordinator to expand its mentor network to Houston in partnership with The Cannon. Utilizing the Union.vc software platform, members from both communities will be able to seamlessly access mentors and fundraising opportunities from both communities. Other Houston-based entrepreneurial communities and tech hubs are also invited to join.
“We’re thrilled that this partnership with Capital Factory will connect Houston startups with more resources,” stated Lawson Gow, Founder and CEO of The Cannon. “These companies will have a chance to join an incredibly valuable network, and in return, Capital Factory will have the opportunity to invest in Houston’s booming startup scene and diverse talent pool.”
Capital Factory will host regular entrepreneurial-themed events at The Cannon, open to the entire Houston startup community, building on the expertise they have developed in creating exceptional entrepreneurial communities in Austin and, more recently, in Dallas with the opening of Capital Factory in partnership with The Dallas Entrepreneur Center.
“The Texas Startup Manifesto is about leveraging the entire Texas startup ecosystem while honoring the unique contributions of each city and region,” said Gordon Daugherty, co-founder & President of Capital Factory. “We can’t deliver on that vision in Houston without the help of local partners like The Cannon and their collaborative attitude really sets them apart.”
Partnership already paying off for Houston startups
Aaron Knape, Co-Founder and CEO of sEATz, a Houston-based startup that gives fans the ability to have products delivered to them at events via their smartphone, has already seen the benefits of the partnership. “The Cannon and Capital Factory’s partnership has proven to be a game-changing resource for us, giving our team access to Capital Factory’s incredible Accelerator platform while allowing our company to remain in Houston and continue to receive all of the benefits of The Cannon’s growing entrepreneurial community,” said Knape.
The Cannon will continue to partner with like-minded businesses in order to better serve its mission of supporting Houston startups.
About The Cannon
The Cannon is a coworking space and entrepreneurship hub located at the center of the 32-acre Founders District on the west side of Houston, just north of Interstate 10 and Beltway 8. Currently, there are over 125 companies in The Cannon community working in a 20K square foot temporary building next door to the future home of The Cannon—a 120K square foot converted warehouse that will become one of the largest coworking and office spaces in the world, or The Cannon’s new “off-campus” location just west of The Galleria. The Cannon plans to be home to over 800 of Houston’s most accomplished entrepreneurs, startups, and small businesses, and will be surrounded by service providers and resources geared to help their businesses grow.
To learn more: https://thecannon.com
About Capital Factory
Capital Factory is the center of gravity for entrepreneurs in Texas, the best state for startups. Last year more than 200,000 entrepreneurs, programmers and designers gathered day and night, in-person and online for meetups, classes and coworking. We meet the best entrepreneurs in Austin and introduce them to their first investors, employees, mentors and customers. According to Pitchbook, Capital Factory has been the most active investor in Texas since 2013. For more information, please visit CapitalFactory.com or follow @CapitalFactory on Twitter.
Union empowers startup communities around the world. Our platform provides entrepreneurs, startup hubs and corporate innovation teams with the best resources, networks and data architecture to transform their operations regardless of location. To learn more, visit Union.vc.