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Fannin Innovation Studio (view source)
Revision as of 21:07, 27 February 2017
, 21:07, 27 February 2017no edit summary
{{Institution
|Image=Fannin.png
|Caption=Fannin Logo
|Name=Fannin Innovation Studio
|Type=Co-Founder
|City=Houston
|URL=http://fannininnovation.com/
|Cohort Size=9
|Percent Funded= 11.11%
|Percent Acquired= 0.00%
|Percent IPO= 0.00%
|Number of Directors=3
|Experienced Directors=2
|Date Founded=2005
}}
Part of the [[Start-Up Guide (Issue Brief)]] Series
==About==
<onlyinclude>The Fannin Innovation Studio is a Houston-based, for-profit co-founding institution founded in 2005. It advertises a wide array of services, including access to experts, directors for companies, start-up services and co-founding. Fannin Innovation Studio has three directors, two of whom have indirect entrepreneurship experience in the sector. Of the nine startups which have enrolled in the Fannin program, one has received venture capital funding. No companies which have participated in the Fannin program have been acquired or exited in an IPO.
</onlyinclude>
==Contact Information==
{| class="wikitable"
|-
|Website
|http://fannininnovation.com/
|-
|Address
|3900 Essex Lane, Suite 575 Houston, Texas 77027
|-
|Phone
|713-966-5844
|-
|}
==Portfolio==
{| class="wikitable"
! style="text-align:left;"| Name
! VC?
! Acquired?
! IPO?
|}
{| class="wikitable collapsible collapsed"
! colspan=“1”| Fannin VC Backed
|-
! coname || datefirstinv || datelastinv || founddate || totinv || city || nation
|-
| Procyrion Inc || 3/12/14 || 3/12/14 || || 5/18/27 || Houston || United States
|}
==Directors==
{| class="wikitable"
! style="text-align:left;"| Name
! Bio
! Class
|-
|Leo Linbeck III
|Chairman and Founder, Fannin Innovation Studio
|None
|-
|Dr. Atul Varadhachary MD, PHD
|Managing Partner, Fannin Innovation Studio
|D2
|-
|Mark Worscheh
|Chief Financial Officer, Fannin Innovation Studio
|D2
|}
==Services Provided==
{| class="wikitable"
|Experts
|-
|Directors
|-
|Start-up Services
|-
|Co-Founding
|}
='''Old Stuff'''=
[[Category:Internal]]
[[Internal Classification::Legacy| ]]
[[http://www.xconomy.com/texas/2015/02/11/fannin-spinout-acelerox-aims-to-halt-immune-attacks-with-nanotech/# Xconomy on Fanin and Acelerox]]
*Note: Angela Shah has written multiple articles for Xconomy about Fannin and its startups.[http://www.xconomy.com/author/ashah/]
==Fast Facts==
'''Money''': "In 2015, the firm closed a $7.3 million round to help fund 15 new companies in the next five years." [https://en.wikipedia.org/wiki/Fannin_Innovation_Studio#cite_note-fundingpost.com-1]
*They also don't appear on SDC data
'''Leadership experience''': *Linbeck"Early in his career, Linbeck was co-founder of the Jafy Corporation, a software development firm. He also worked for Nishimatsu Kensetsu Kaisha in Tokyo and Osaka.[1]
Linbeck serves as CEO of Aquinas Companies, LLC. After Linbeck joined the leadership team at the company, its annual revenues grew from $40 million to more than $500 million.[3][4] Aquinas Companies has three principal business lines: construction management (Linbeck Group), real estate development (Essex Commercial Properties), and early stage biotechnology development Fannin Innovation Studio (formerly AlphaDev).[5][6][7][8][9] The Greater Houston Community Foundation owns 11% of Aquinas Companies, LLC.[10]
Linbeck was a founder of the Collaborative Process Institute and the Lean Construction Institute.[11] Linbeck is also the founder of Fannin Innovation Studio, a life sciences business development studio in Houston, Texas, where he is active as a design engineer and business adviser for various life science startups." [https://en.wikipedia.org/wiki/Leo_Linbeck_III]
*Wohscheh
"Mr. Mark E. Worscheh serves as a Chief Financial Officer at Fannin Innovation Studio. He serves as the Principal of The Newcastle Group. Mr. Worscheh serves as Executive Vice President of Aquinas Companies, LLC. He has ten years of experience as an investment banker. He served as Chief Financial Officer and Senior Vice President of NextStage Entertainment Corporation. In this role, he negotiated and closed multiple financings totaling more than $100 million. He also built the internal finance and accounting team necessary to operate the business. Prior to joining NextStage, he served as Senior Vice President in Houston with NatWest Markets, in charge of public debt and equity offerings for the energy group’s Houston office clients. Prior to NatWest, he was a Vice President at Banker’s Trust BT Securities division, where he marketed, executed, and closed similar financings, as well as derivative-linked financings and risk management products. Prior to Banker’s Trust, he was an Associate with Merrill Lynch in New York, where he marketed and executed public financings, IPOs, valuations, tender offers, lease financings, and other structured transactions for a wide range of industrial and retail clients. While at Notre Dame, he was the Managing Editor of The Observer. He serves as a Member of the Board of Directors at Phoeben, Inc. He serves as Member of Advisory Board at Post Oak Bank, N.A. He serves as the President of the Afton Oaks Civic Club and leads the Afton Oaks Park Initiative. He has served on the Board of Stanford GSB’s Alumni Association and chaired his class’s GSB Reunion Committee in both 1994 and 1999. Mr. Worscheh graduated from Stanford’s Graduate School of Business, having focused on the challenges of entrepreneurial business situations and from the University of Notre Dame with a Bachelor of Arts degree in Economics with a minor in Business Administration. He received his MBA from Stanford's Graduate School of Business in 1989."
[http://www.bloomberg.com/research/stocks/private/person.asp?personId=644014&privcapId=9118984&previousCapId=701143&previousTitle=WESTLAKE%20CHEMICAL%20CORP]
*Atul Varadhachary
[https://www.linkedin.com/in/varadhachary]
==Portfolio==
[[File:SelectFanninInnov.xlsx]]
*Accelerox
*Dr. Atul Varadhachary, MD, PhD: Managing Partner
*Mark Worscheh: CFO, Executive VP of Aquinas Companies, LLC
**Linbeck and Varadhachary are both associated with the RIce Business School
==Contact==
3900 Essex Lane, Suite 575
Houston, Texas 77027
[[Category:Ecosystem]]
