Out of 26 million Texans, you may have an idea to change the world. You may have had several ideas to change the world. But only a tiny minority of you pushed through the U.S. Patent office from application to successful patent. We've seen Texans change the world many times over. Jack Kilby did it with Texas Instruments in 1958 with the integrated circuit, causing the start of the digital revolution, which, in part, is why you can read these words over your electronic device.
Over the last few years, Texas Business has brought its feature: Texas Business Patent of the Day. This list is of the ones that were either extremely clever, odd or strange. One thing becomes apparent from these patents and the patent that runs daily in Texas Business—Texans have a unique mind set.
Though the history of the Corn Dog is disputed, the State Fair of Texas claims to have introduced the Corny Dog sometime between 1938 and 1942. As a paean to that invention that now sits in the freezer section of every grocery store in the southwest, here are the fried foods the State Fair of Texas has introduced, or tried to introduce, in the last seven years.
Don't get caught up with John Wayne religion. For one thing, he's not Texan. He's in some fine movies involving Texas, most notably The Searchers, but none of his movies can make the best cut of Texas movies. Here's the short list.
Unsung Texas Business Journalists Mention that one is a reporter, and there's a spark of interest. Mention that one is a business news reporter, and watch the eyes glaze over. Except to the players, business and economic journalists are unappreciated. While many wish to become sports reporters when they grow up, most do not realize that business journalists cover the Real Game. Mention that reporter covers business, and watch the eyes glaze over. A toast to these below on the short list and the numerous unnamed ones slogging away. Full Story » TexasBusiness.com
Best Texas Mexican Food: The Short List No, we're not going to debate the difference between Tex-Mex, Mex-Tex, Mexican and Texican food. Just know these establishments are the pinnacle of Texas Mexican fare. No brag, just fact. Full Story » TexasBusiness.com
Best Texas Burgers Texas Burgers. . While a hamburger is merely sustenance and gratification for a meal, the memory a good Texas burger can give rise to Homeric odes. The short list. Full Story » TexasBusiness.com
Texas Business reports: AUSTIN, Texas—The Texas Venture Labs at the McCombs School of Business is now the Jon Brumley Texas Venture Labs, in recognition of a combined gift of more than $6 million from Fort Worth businessman and entrepreneur Jon Brumley to fund the growth of the program at The University of Texas at Austin.
“This investment is a game changer that enables us to expand the scale and accessibility of the Texas Venture Labs model,” said McCombs dean Thomas Gilligan in a prepared statement. “It’s a vote of confidence as well, because of the reputation of Jon Brumley as an entrepreneur, a business builder and a distinguished graduate of McCombs and the Wharton School of Business.”
Jon Brumley has founded six oil and gas companies, all of which listed on the New York Stock Exchange. In 2005 Forbes magazine named Brumley and his son Jonny “Entrepreneurs of the Year.”
Brumley said his gift reflects the reality and the potential of Texas Venture Labs.
“Texas Venture Labs is a gem in the Texas entrepreneurial ecosystem,” Brumley said in a statement. “It provides critical, hands-on experience for aspiring entrepreneurs who learn as students the effort required to get a new venture through the financing process. For me, this gift is an opportunity to build our capacity to grow the economy of Texas, while giving a leg up to young entrepreneurs, who remind me a lot of myself at that age.”
Since it started two years ago, Texas Venture Labs has worked with 40 companies that have raised more than $25 million in investment capital, while providing direct entrepreneurial experience to graduate students in business, engineering, law and natural sciences. Texas Venture Labs also sponsors the annual Venture Labs Investment Competition, which is being held this week on campus.
“Our theme for the investment competition is ‘Investor-Ready,’ which reflects why graduate students from around the world flock to Austin every spring for the chance to launch their business as they finish graduate school,” said Rob Adams, director of Texas Venture Labs. “With this generous gift, Jon Brumley has signaled to the entrepreneurial community that Texas Venture Labs is also ‘Investor-Ready.’”
The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: The West News proves the value of a great weekly newspaper in a community torn up with grief and chaos; Chinese investors checking out Texas, Austin; Texas makes bounce house operators carry liability coverage, but not plants like West Fertilizer; bSpaceX’s Grasshopper leaping to NM spaceport;American Airlines, US Airways to name post-merger leadership within weeks; Texas power cushion seen at lowest level in a decade; Media outlets reflect Houston's diversity; and more.