Houston could be a biotech hub. Here's the one ingredient that the city is missing.

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Houston could be a biotech hub. Here's the one ingredient that the city is missing.
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Houston could be a biotech hub, but it’s missing a key ingredient

, but given time, Houston could get there, said William “Bill” McKeon, CEO of the Texas Medical Center.

Venture capital firms willing to make such bets are hard to find in Houston. The region attracted $731 million in venture capital for biotech companies As scientists gained a better understanding of DNA and genetics in the ‘80s, the emerging biotech industry moved to places beyond where the pharmaceutical companies had a stronghold. Clusters began to form in places like Boston and San Francisco, where venture capital firms were well established largely because of the thriving tech scenes in these areas.

Jacob Quick prepares a sample for the Brevitest sample processing unit in the R&D lab in Fannin Innovation Studios Tuesday, May 24, 2022, in Houston, Texas.Another project launched by the Texas Medical Center, called TMC3, is developing a 37-acre biomedical research campus. Construction for the first phase offrom life science investment and property development teams.

Kalluri now serves as a scientific adviser to the company. Codiak, which has products in human clinical trials, employs 102 people, according to SEC filings, and has raised about $235 million in four funding rounds. ItCodiak is not the only example of innovation from Houston getting commercialized elsewhere. The issue isn’t always funding. Sometimes it’s talent.UTHealth has an office of technology that handles the commercialization of discoveries coming out of the six schools in the university.

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