Plus: CEO steps down ...

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May 12, 2025

First Up

Before we begin...

Brent: Good afternoon, y'all! 

 

I hope you had a great weekend. Not that there was much doubt that big bucks will keep flowing to AI... but today Donald Trump and SoftBank Group CEO Masayoshi Son announced that SoftBank plans to invest at least $100B in U.S. projects over the next four years and create 100K AI and emerging tech jobs. Not too many details just yet, but that's a whooper of an investment. 

 

Alright, let's keep truckin' and kick a Beat... 

The Big One

A breakdown of the day's biggest story

Nonprofit launches to help Texas become global aerospace hub

Brent: Two Austin-based serial entrepreneurs, Geoff Tudor and Leon Vanstone, are launching a nonprofit that aims to make Texas a global aerospace hub and build a pipeline of aerospace talent to fill a growing number of roles in the industry. 

 

The Space Workforce Incubator for Texas, or SWIFT, has developed programs to help aspiring engineers with access to tech resources, mentorship and testing facilities. For example, it has awarded a grant to the Rice Eclipse Rocket Team and the Texas A&M Rocket Engine Design Team, to develop innovative rocket development projects. 

 

Part of that will involve shared test capacity for rocket engine development where students can get hands-on experience.

 

“Just as rockets must be flight-qualified, so too must the people who build them,” Vanstone stated. “SWIFT ensures that the next generation of aerospace pioneers is equipped to meet this challenge.”

 

Vanstone previously was CEO at Austin-based VerdeCode and former CTO at HyperSciences Inc. Tudor, meanwhile, is a senior director of hyperscaler cloud solutions at NetApp and was co-founder of Nirvanix Inc., which was acquired by Oracle.

 

The organization's team also includes Harvin Moore, a principal at Frontera Technology Ventures; Joseph Kopser, a local serial entrepreneur and limited partner at ATX Venture Partners; Heather Wagner Reed, founder and CEO of Juice Consulting; Price Mulford, a former SpaceX senior engineer for Starship flight operations; and Sandy Barker, an export control officer at the University of Texas and former director of the Texas Rocket Engineering Lab.

 

Making Moves

Local tech news to know

CEO steps down from women's health company

Aspira Women’s Health Inc. (Nasdaq: AWH), a local biotech company focused on gynecologic disease diagnostic tools, said today that its CEO, Nicole Sandford, is stepping down because of a family health matter. The company's president, Dr. Sandra Milligan, has been named interim CEO while a nationwide search for a permanent CEO is conducted. 

 

“During her tenure as CEO, Aspira launched its OvaWatch multivariate assay, a significant expansion of our commercial ovarian cancer portfolio, and received a $10M award from the Advanced Research Projects Agency for Health to complete the company’s endometriosis detection product," Aspira Chairwoman Jannie Herchuk stated. 

 

Local company wins grant

Austin-based For the Cubs, a company that creates sensitivity-aware products to help kids sleep, has been awarded a $25K grant from Michigan-based Boundless Futures Foundation.

 

The company, founded by Amy Vale, was one of three companies to win grant funding as part of the foundation's EmpowHer program that aims to help women founders leverage their businesses to address social issues related to poverty and hunger, sustainability and the environment, and strong communities.

Featured Jobs

To post a job in this newsletter, read more.

 

  • Director of Navy Sales - OpsLab
  • Business Development Executive - Aunt Bertha
  • Associate Product Marketing Manager - Aceable

In the Know

The tech stories you need to read today.

 

  • Senate report alleges Amazon rejected warehouse safety recommendations due to productivity concerns - AP

  • Bitcoin rises to new record above $107,000 ahead of this week’s Fed decision - CNBC

  • A desert festival where robots are the headliner - NPR

Elsewhere in Inno

Stories from the Inno network we think you'll enjoy. 

 

  • Boston VC firm gets $54M from NOAA for new bluetech accelerator - BostInno

  • Spiritus secures New Mexico facility on Nambé Pueblo land - New Mexico Inno
  • Cincinnati Children’s launches up to $10M fund to fuel new spinout companies - Cincy Inno

In the Community

December
16

Code Foundry Free Tech Bootcamp: Introduction to DevOps and Cloud

December
17

Women in Tech Meetup

December
18

How Leaders Should Use AI for Ideation, Strategy, and Planning

Keeping Austin Weird & Wired

A lil bit extra...

 

A colorful display

While I was rummaging through an overcrowded closet and doing chores on Sunday, some of y'all were taking in an epic rainbow show. 

 

KXAN gathered up a pile of photos from viewers of the spectacular color show arching over downtown. Pretty cool. Wish I would have gotten out to see it!

 

BTW: Do y'all remember the "double rainbow" viral video from years ago? That hilarious little clip has now amassed 51M views. 

 

 

Team up with the Beat

Want to sponsor the Beat?

Reach out to sales@americaninno.com for more information and opportunities.

 

Got a news tip to share? Reach Brent Wistrom at bwistrom@bizjournals.com.

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