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BBVA Compass and the Rockets team up to launch revamped startup contest

BBVA Compass and the Rockets team up to launch revamped startup contest
The winner of the contest will be announced at a Rockets game in early April. Courtesy of Greater Houston Convention and Visitors Bureau

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.

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Houston Astros bolster bullpen in Royals swap
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The Houston Astros were in need of some serious help in the bullpen with Phil Maton, Hector Neris, and Ryne Stanek likely leaving this year in free agency.

While some fans were getting concerned about the quiet offseason, the club has made two moves this week to get the ball rolling.

First the team signed Victor Caratini to be the backup catcher, and now they have added some relief pitching.

The Astros traded pitching prospect Carlos Mateo to the Royals for RHP pitcher Dylan Coleman.

Coleman is under club control for the next several years, and made just over $700,000 in 2022. With the Astros right up against the tax threshold, this is a good way to add to the bullpen without having to hand out a large contract.

The Royals had a tough roster decision to make with Coleman, and the Astros made the decision easy for them by making the trade.

Something to note

There's a reason Kansas City wasn't determined to protect Coleman from the Rule 5 Draft. Despite his decent numbers over the last three seasons, 2023 was a rough year for him, posting an 8.84 ERA over 23 games.

In fact, Coleman pitched more innings (30.2) for the Royals AAA team than he did for the big league club (18.1) in 2023.

Hopefully, the Astros can get him back on track this season with some help from their highly touted player development program.

You can watch some of his 2022 highlights above.

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