future workforce

ExxonMobil invests $17M with nonprofit to fund more STEM instruction, resources

The ExxonMobil Foundation has invested more than $17 million in the Open Doors Project. Photo via Khan Academy

The ExxonMobil Foundation announced they are collaborating with the Khan Academy on the Open Doors Project, which aims to bring free math and science courses and teacher guides to Texas in a larger goal to inspire new STEM leaders.

The Open Doors Project will be the largest single curriculum project for Khan Academy, and will reach schools in Houston.

“Our main goal with this program is to meet the needs of Texas teachers and students,” Sal Khan, founder and CEO of Khan Academy, says in a news release. “We’re grateful for the ExxonMobil Foundation’s vision and support for developing courses and teacher guides that will deliver world-class math and science resources to students and teachers when and where they need it.”

The ExxonMobil Foundation is providing support for the creation of Texas Essential Knowledge and Skills (TEKS)-aligned math and science courses for 3-12 grades through the Open Doors Project. These courses will make it easier to align with the non-profit Khan Academy’s vision of providing free “world-class education” in their classrooms.

The program will include structured lesson plans and instructional guidance that are adaptable for students' various learning styles to help reach “mastery” level of multiple STEM topics. The first round of courses will begin on June 30 with additional courses to come in 2025 and 2026.

The ExxonMobil Foundation has invested more than $17 million in the Open Doors Project, and offers additional support through the Khan Academy Districts to primary and secondary schools in areas where ExxonMobil operates, which includes Houston, Western Texas and the Gulf Coast. Khan Academy is available in large institutions like Kipp and Houston Independent School District, which uses the academy as part of its college readiness program.

“We’re committed to addressing the gap in STEM education,” Alvin Abraham, president of the ExxonMobil Foundation, says in a news release. “With Khan Academy’s help, we can empower teachers to work with students to master the STEM curriculum and take their knowledge into careers that can change the world.”

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A View From HETI

PitchBook attributes $634 million in fourth-quarter VC to Fervo. Photo via Getty Images

The venture capital haul for Houston-area startups jumped 23 percent from 2023 to 2024, according to the latest PitchBook-NVCA Venture Monitor.

The fundraising total for startups in the region climbed from $1.49 billion in 2023 to $1.83 billion in 2024, PitchBook-NVCA Venture Monitor data shows.

Roughly half of the 2024 sum, $914.3 million, came in the fourth quarter. By comparison, Houston-area startups collected $291.3 million in VC during the fourth quarter of 2023.

Among the Houston-area startups contributing to the impressive VC total in the fourth quarter of 2024 was geothermal energy startup Fervo Energy. PitchBook attributes $634 million in fourth-quarter VC to Fervo, with fulfillment services company Cart.com at $50 million, and chemical manufacturing platform Mstack and superconducting wire manufacturer MetOx International at $40 million each.

Across the country, VC deals total $209 billion in 2024, compared with $162.2 billion in 2023. Nearly half (46 percent) of all VC funding in North America last year went to AI startups, PitchBook says. PitchBook’s lead VC analyst for the U.S., Kyle Stanford, says that AI “continues to be the story of the market.”

PitchBook forecasts a “moderately positive” 2025 for venture capital in the U.S.

“That does not mean that challenges are gone. Flat and down rounds will likely continue at higher paces than the market is accustomed to. More companies will likely shut down or fall out of the venture funding cycle,” says PitchBook. “However, both of those expectations are holdovers from 2021.”

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This story originally appeared on our sister site, InnovationMap.com.

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