|By PR Newswire||
|January 7, 2013 11:01 AM EST||
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 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 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.
SOURCE Carnegie Mellon University
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
May. 1, 2016 12:00 AM EDT Reads: 1,053
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
Apr. 30, 2016 10:45 PM EDT Reads: 678
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
Apr. 30, 2016 10:00 PM EDT Reads: 1,092
If there is anything we have learned by now, is that every business paves their own unique path for releasing software- every pipeline, implementation and practices are a bit different, and DevOps comes in all shapes and sizes. Software delivery practices are often comprised of set of several complementing (or even competing) methodologies – such as leveraging Agile, DevOps and even a mix of ITIL, to create the combination that’s most suitable for your organization and that maximize your busines...
Apr. 30, 2016 08:15 PM EDT Reads: 1,800
Struggling to keep up with increasing application demand? Learn how Platform as a Service (PaaS) can streamline application development processes and make resource management easy.
Apr. 30, 2016 08:00 PM EDT Reads: 2,060
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
Apr. 30, 2016 04:45 PM EDT Reads: 1,055
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, will discuss how research has demonstrated the value of Machine Learning in delivering next generation analytics to im...
Apr. 30, 2016 04:15 PM EDT Reads: 1,667
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Apr. 30, 2016 04:15 PM EDT Reads: 755
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
Apr. 30, 2016 03:30 PM EDT Reads: 1,438
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
Apr. 30, 2016 03:15 PM EDT Reads: 763
This is not a small hotel event. It is also not a big vendor party where politicians and entertainers are more important than real content. This is Cloud Expo, the world's longest-running conference and exhibition focused on Cloud Computing and all that it entails. If you want serious presentations and valuable insight about Cloud Computing for three straight days, then register now for Cloud Expo.
Apr. 30, 2016 02:30 PM EDT Reads: 1,716
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Apr. 30, 2016 02:00 PM EDT Reads: 1,082
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Apr. 30, 2016 01:15 PM EDT Reads: 1,532
[session] Don’t Forget the Ops: Build Operations into Your Cloud By @BMCSoftware | @CloudExpo #Cloud
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Apr. 30, 2016 01:00 PM EDT Reads: 1,125
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
Apr. 30, 2016 12:45 PM EDT Reads: 1,703
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
Apr. 30, 2016 12:00 PM EDT Reads: 970
Peak 10, Inc., has announced the implementation of IT service management, a business process alignment initiative based on the widely adopted Information Technology Infrastructure Library (ITIL) framework. The implementation of IT service management enhances Peak 10’s current service-minded approach to IT delivery by propelling the company to deliver higher levels of personalized and prompt service. The majority of Peak 10’s operations employees have been trained and certified in the ITIL frame...
Apr. 30, 2016 12:00 PM EDT Reads: 919
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Apr. 30, 2016 12:00 PM EDT Reads: 2,295
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
Apr. 30, 2016 11:30 AM EDT Reads: 1,469
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
Apr. 30, 2016 11:00 AM EDT Reads: 925