SMALL BIZ SLAM DUNK
BBVA Compass and the Rockets team up to launch revamped startup contest
Feb 18, 2019, 11:46 am
SMALL BIZ SLAM DUNK
This article originally appeared on InnovationMap and was written by Natalie Harms.
Houston startups have a chance at $10,000 thanks to the Houston Rockets and BBVA Compass' LaunchPad Contest. The application process begins on February 19 and concludes on March 5.
In its third installment, the contest is doing things a little differently this year. Previously, small businesses had to respond to questions about their organization and what they would do with the prize money. This year, with a special focus on startups, applicants are also being asked about using new technology to increase productivity.
"BBVA Compass is in a unique position and we want to leverage that to help elevate entrepreneurship through digital capabilities," says BBVA Compass Houston CEO Mark Montgomery in a release. "We are a leader in the financial industry's digital transformation, and have won multiple awards because of our innovative products and services in that realm. We want to create ample opportunities for a rising business through that industry-leading expertise. The Rockets are excellent teammates, and we are excited to unveil this new version of our collaborative contest with them."
Following the application process, BBVA and the Rockets will select four finalists before opening the contest up to fans to pick their favorite. The winner will then be announced at a game in early April. The winning company will receive, in addition to the $10,000, consultations with both BBVA and the Rockets executives.
"We are excited to partner with BBVA again for this annual contest," says Rockets Chief Revenue Officer Gretchen Sheirr in the release. "They have been best in class in their industry with their digital strategy, so it's fantastic that they will be providing an opportunity for other businesses to thrive in this space. We look forward to reviewing our fans' contest submissions and seeing the great work being done by startup businesses in our great city."
Continue reading on InnovationMap to learn about last year's Launchpad winner.
Houston Astros slugger Yordan Alvarez has a strained muscle at the top of his right hand, a diagnosis that instills optimism he won’t have a prolonged stay on the injured list.
The three-time All-Star went on the 10-day injured list Monday, retroactive to Saturday, and returned to Houston for an MRI that revealed the muscle strain.
“We look at it as good news,” Astros manager Joe Espada said before their Wednesday afternoon game with the Milwaukee Brewers.
Espada expressed hope that Alvarez wouldn’t have to stay on the injured list longer than the required 10 days. He also said the hand issue may have played a role in Alvarez’s slow start.
Alvarez, 27, is hitting .210 with a .306 on-base percentage, three homers and 18 RBIs in 29 games this season. He batted .308 with a .392 on-base percentage, 35 homers and 86 RBIs in 147 games last year while ranking ninth in the AL Most Valuable Player balloting.
He has posted an OPS of at least .959 and has finished 13th or higher in the MVP voting each of the last three seasons.
“Once he heals, once he gets back, I think we’ll see a more aggressive at bat and be not as cautious,” Espada said. “I think it had something to do with it, yes.”
His potential return could go a long way toward boosting an Astros lineup that hasn’t been as productive as usual this season. The Astros entered Wednesday’s action ranked 21st in the majors in runs (136) and 23rd in OPS (.676). Houston has ranked 11th or better in both those categories each of the last four seasons.