U.S. Markets closed

Microsoft to launch accelerator for smart city tech in Houston

Chris Mathews
Microsoft to launch accelerator for smart city tech in Houston

Redmond, Washington-based Microsoft Corp. (Nasdaq: MSFT) is launching an accelerator aimed at growing the use of smart city technology in Houston. The computing giant is partnering with local nonprofit accelerator Station Houston and nonprofit makerspace TX/RX Labs to create the Ion Smart Cities Accelerator sponsored by Microsoft and Intel. The program will eventually be based in The Ion — the 270,000-square-foot former Sears building in Midtown that's being converted into Houston's innovation hub — when renovations are completed in late 2020.