Technology IncubatorHouston has just been cited by Forbes.com for its innovative technolgy incubator...

April 16, 2010

A good chunk of recent U.S. economic stimulus efforts were aimed at refurbishing roads and electrical grids--activities that create jobs in a hurry. Creating jobs by creating companies takes more time, but the rewards are greater. A 2009 study by the U.S. Department of Commerce's Economic Development Administration found that, for each $1,000 EDA investment, incubators created 45 jobs. Road-building added just five jobs for the same amount of money.

... [The] Houston Technology Center is focused on two critical areas: energy and nanotechnology. In the last decade, HTC has spawned 1,000 entrepreneurs who have raised $1 billion in funding. (Just last year HTC companies snared $125 million.) The Center works with 60 companies at a time. Successful grads include NanoRidge Materials, which makes carbon nanotubes to make metal alloys 10 time stronger than steel; [and] Hydro Green Energy, which produces hydro-electricity using the energy generated not by a dam but by the natural flow of a river or stream...

Christopher Steiner, www.Forbes.com

Here in Houston, we have always been innovators.  For us, that translates into jobs for our residents.  To read the full Forbes.com article, click here.