Welcome!

Machine Learning Authors: William Schmarzo, Kevin Jackson, Stackify Blog, Elizabeth White, Pat Romanski

News Feed Item

Carnegie Mellon's Open Field Entrepreneurs Fund Awards Investments to Six "Greenlighting Startups" Companies

Program Benefits 16 Startups in First Year; CMU "Destination of Choice" for Young Innovators

PITTSBURGH, Jan. 7, 2013 /PRNewswire/ -- Carnegie Mellon University's Open Field Entrepreneurs Fund (OFEF) has awarded $300,000 to six startup companies to assist them in growing their business ventures. The fund, established by CMU alumnus and Flip Video Camera creator Jonathan Kaplan and his wife, Marci Glazer, provides early-stage business financing and support to alumni who have graduated from CMU in the last five years.

Since June 2012, the OFEF has provided support to 16 startup companies from across the country and a variety of industries. The most recent award recipients operate in medical, technology, consumer and educational fields. The companies' objectives include everything from reducing back pain and improving pediatric heart surgery to creating a premium gluten-free beer and teaching guitar online. (See information on the award recipients below.)

"Open Field is dedicated to helping Carnegie Mellon graduates dream big and create the next great product or service," said Kaplan, CEO of The Melt and five-time entrepreneur. "We are pleased to provide these investments and encouraged by the success previous Open Field recipients have experienced in just a few short months."

OFEF is part of CMU's Greenlighting Startups initiative, which is designed to speed CMU faculty and student innovations from the research lab to the marketplace. Previous OFEF recipients include NoWait, a seating management system used by large restaurant chains including Red Robin, Texas Roadhouse and T.G.I. Friday's. NoWait recently raised $2 million in funding led by Birchmere Ventures.

"I thank Jonathan not only for his generous support, but also for his hands-on approach to helping future entrepreneurs," said CMU President Jared L. Cohon. "In addition to the financial support, Jonathan and many of his colleagues, including some former CMU classmates, are providing guidance to help our students and alumni create the types of companies and jobs that serve as the country's economic engine."

CMU's entrepreneurial culture has helped to create more than 300 companies and 9,000 jobs over the past 15 years, and CMU spinoffs represent 34 percent of the total companies created in Pennsylvania based on university technologies in the past five years.

The OFEF provides $50,000 in matching investment to each recipient, who also gain access to other funding sources, receive personalized mentoring and attend an annual OFEF business workshop. The university will provide legal and accounting support for OFEF recipients. Peter Stern, a CMU classmate of Kaplan, CEO of Bitly and a serial entrepreneur, will be providing advisory support for the fund, as well as serving as a mentor to one of the OFEF award recipients. The fund will select award recipients biannually.

Mentors will be assigned to each OFEF award recipient, including select CMU alumni who are serial entrepreneurs who have helped to create an excess of $1 billion in shareholder value. Mentors also will include entrepreneurs who are based at Carnegie Mellon, including OFEF Managing Director Dave Mawhinney, a professor of entrepreneurship and four-time entrepreneur.

2013 Open Field Entrepreneurs Fund Award Recipients

Open Field Entrepreneurs Fund award recipients are Carnegie Mellon alumni who have graduated from CMU in the last five years. Alumni, their date of graduation and school or college are noted at the end of each company listing.

ActivAided Orthotics, Pittsburgh

ActivAided Orthotics has created a line of postural training apparel to eliminate back pain by training rehabilitative habits and behaviors to address and correct the root causes of spine disorders and back pain. The company developed a product that offers continuous care in a convenient, effective, wearable treatment for long-term relief of back pain. Its first product, "RecoveryAid," was released in July 2012 after beta testing found that 89 percent of users experienced a decrease in back pain. (Kelly Collier, 2011, Engineering)

Aurochs Brewing Company, Pittsburgh

Aurochs Brewing Company uses unique ingredients to provide great tasting craft beers that are naturally gluten-free. The company is commercializing a brewing method that is not currently available in the United States. This technology allows Aurochs to brew with the grains millet, quinoa, buckwheat, and amaranth. The product addresses a void for the millions of Americans who follow a gluten-free diet for medical reasons and those who choose to follow the gluten-free diet for improved health and well being. (Ryan Bove, 2012, Business)

PECA Labs, Pittsburgh

PECA Labs' Masa Valve is the first valved conduit to be specifically designed for pediatric heart conduit reconstruction. The valve is specifically designed with the needs of pediatric patients in mind, unlike current options on the market, and reduces the need for additional surgeries.  With implantation in 49 people for more than four years and excellent results, the Masa Valve is fully developed, clinically validated and is currently going through the FDA approval process. Clinical results have shown that the Masa Valve should save children from one-to-two open-heart surgeries over the course of their pediatric years. (Doug Bernstein, 2012, Engineering)

Pixite, San Diego

Pixite's Unbound service provides a seamless photo management and viewing experience across computers, tablets and smartphones, ultimately allowing users to do more with their photos, be more organized and save time. Unlike current personal photo management services or Web-based photo services, Pixite provides an elegant user experience for storing and managing photos across all of a user's computing devices and includes features such as captioning and commenting, a Web sharing interface, and a native social graph with news feed. (Scott Sykora, 2012, College of Fine Arts)

StatEasy, Pittsburgh

StatEasy provides a free and easy-to-use platform to high school and collegiate teams to manage statistics and video of their sporting events. Current sports information systems and coaching software programs are expensive, difficult to use and labor intensive. StatEasy's platform makes the process more efficient, and the company generates revenue by selling highlight videos to players, parents, recruiters and television stations. StatEasy currently serves more than 120 teams. (Tom Matta, 2007, Business and Engineering; Mike Ressler, 2002, Computer Science)

Tunessence, Pittsburgh

Tunessence offers a virtual guitar teacher in your Web browser. While millions of Americans at any given time are trying to learn how to play the guitar, 70 percent of them quit within two months. To make the learning process more engaging, Tunessence combines advanced audio processing software with instructional video in order to replicate the experience of an in-person lesson in an online setting. The company's software gives note-by-note feedback to the user, tracks progress and generates personalized lesson plans. Lessons are also taught in the context of popular songs as a way to keep users interested.  (Alexander Soto, 2011, Engineering; Matthew Bauch, 2012, Engineering)

About Carnegie Mellon University: Carnegie Mellon (www.cmu.edu) is a private, internationally ranked research university with programs in areas ranging from science, technology and business, to public policy, the humanities and the arts. More than 11,000 students in the university's seven schools and colleges benefit from a small student-to-faculty ratio and an education characterized by its focus on creating and implementing solutions for real problems, interdisciplinary collaboration and innovation. A global university, Carnegie Mellon's main campus in the United States is in Pittsburgh, Pa. It has campuses in California's Silicon Valley and Qatar, and programs in Africa, Asia, Australia, Europe and Mexico. The university is in the midst of "Inspire Innovation: The Campaign for Carnegie Mellon University," which aims to build its endowment, support faculty, students and innovative research, and enhance the physical campus with equipment and facility improvements.

(Logo: http://photos.prnewswire.com/prnh/20020422/CMULOGO )

SOURCE Carnegie Mellon University

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@CloudExpo Stories
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
In his session at 21st Cloud Expo, James Henry, Co-CEO/CTO of Calgary Scientific Inc., introduced you to the challenges, solutions and benefits of training AI systems to solve visual problems with an emphasis on improving AIs with continuous training in the field. He explored applications in several industries and discussed technologies that allow the deployment of advanced visualization solutions to the cloud.
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...
"IBM is really all in on blockchain. We take a look at sort of the history of blockchain ledger technologies. It started out with bitcoin, Ethereum, and IBM evaluated these particular blockchain technologies and found they were anonymous and permissionless and that many companies were looking for permissioned blockchain," stated René Bostic, Technical VP of the IBM Cloud Unit in North America, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventi...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
22nd International Cloud Expo, taking place June 5-7, 2018, at the Javits Center in New York City, NY, and co-located with the 1st DXWorld Expo will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud ...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...