Rice University is planning a $100m redevelopment of a former retail store to create an incubator that it hopes will buoy the local startup ecosystem, the Houston Chronicle has reported.
The scheme is expected to concentrate on industries including energy, healthcare, data and logistics. It is regarded as a response to the city of Houston missing out in its bid to host e-commerce firm Amazon’s second US headquarters.
Construction on the first phase of Rice’s project is due to finish…