Houston, we have a problem. We need more cutting edge tech entrepreneurs.

Luckily there’s a new space in Houston, Texas, built just for that, provided by Cryptospaces, which is backed by bitcoin consulting company, FinalHash. Located at 6907 Almeda Rd., the Houston Bitcoin Embassy is an incubator/ coworking space dedicated to tech startups. There are also plans to install a bitcoin ATM in the facility by the end of April.

The Embassy is home to the Texas Coinitiative, a non-profit organization that promotes the use of Bitcoin in Texas.

The Coinitiative mission statement reads:

“We believe that our growing community will help to shape progress in this field. Come network with traders, entrepreneurs and innovators working in one of the most interesting sociological and technological innovations in recent times.”

The Texas Coinitiative hosts several meetups — at least one meet-up each week — including the Houston Bitcoin meetup, an Ethereum meetup and an upcoming Houston Bit Business meetup: a meeting place specifically designed for Bitcoin entrepreneurs.

The Texas Coinitiative invites speakers once or twice a month and is always looking for new speakers. Some of the speakers they’ve recently hosted include Bitcoin Core developer, Peter Todd; Changetip CEO, Nick Sullivan; and Ziftr CEO, Bob Wilkins.

“The city of Houston is still very early in adoption phases in terms of Bitcoin,” says Adam Richard, president and co-founder of the Texas Coinitiative. “There aren’t many merchants that accept bitcoin here. We want to help grow that.”

The Embassy is also spearheading an educational project led by Jay Campuzano of Yo Soy Bitcoin, a series of educational video courses on Bitcoin for beginners in both English and Spanish.

In order to grow, the Texas Coinitiative is looking for sponsors.

“The help from sponsors,” says Richard, “will be used for anything from food and drinks for events to printing of educational materials; all for the purpose of education and inspiring others to become more involved in the Houston Bitcoin ecosystem.”

The Houston Bitcoin Embassy currently has vacancies for anyone interested in an incubation/ coworking space.

The Texas Coinitiative will have a booth at tomorrow’s upcoming Texas Bitcoin Conference. It encourages attendees to visit the booth and talk to any of its representatives there.

“We want to put Houston on the map in the Bitcoin space,” says Richard. “Houston has a lot going on that people don’t realize. There are currently 12 local Bitcoin startups in the city.”

The Houston Bitcoin Embassy is open Monday through Friday, from 9 a.m. to 5 p.m.

For more information about the Houston Bitcoin Embassy, visit their website, or sign up to attend the Houston Bitcoin meetup at meetup.com.