Welcome!

Machine Learning Authors: Progress Blog, Elizabeth White, Jason Bloomberg, Dan Blacharski, Darren Anstee

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
Mobile device usage has increased exponentially during the past several years, as consumers rely on handhelds for everything from news and weather to banking and purchases. What can we expect in the next few years? The way in which we interact with our devices will fundamentally change, as businesses leverage Artificial Intelligence. We already see this taking shape as businesses leverage AI for cost savings and customer responsiveness. This trend will continue, as AI is used for more sophistica...
Nordstrom is transforming the way that they do business and the cloud is the key to enabling speed and hyper personalized customer experiences. In his session at 21st Cloud Expo, Ken Schow, VP of Engineering at Nordstrom, discussed some of the key learnings and common pitfalls of large enterprises moving to the cloud. This includes strategies around choosing a cloud provider(s), architecture, and lessons learned. In addition, he covered some of the best practices for structured team migration an...
Most technology leaders, contemporary and from the hardware era, are reshaping their businesses to do software. They hope to capture value from emerging technologies such as IoT, SDN, and AI. Ultimately, irrespective of the vertical, it is about deriving value from independent software applications participating in an ecosystem as one comprehensive solution. In his session at @ThingsExpo, Kausik Sridhar, founder and CTO of Pulzze Systems, discussed how given the magnitude of today's application ...
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, provided a fun and simple way to introduce Machine Leaning to anyone and everyone. He solved a machine learning problem and demonstrated an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intelligence and B...
As you move to the cloud, your network should be efficient, secure, and easy to manage. An enterprise adopting a hybrid or public cloud needs systems and tools that provide: Agility: ability to deliver applications and services faster, even in complex hybrid environments Easier manageability: enable reliable connectivity with complete oversight as the data center network evolves Greater efficiency: eliminate wasted effort while reducing errors and optimize asset utilization Security: imple...
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...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
The past few years have brought a sea change in the way applications are architected, developed, and consumed—increasing both the complexity of testing and the business impact of software failures. How can software testing professionals keep pace with modern application delivery, given the trends that impact both architectures (cloud, microservices, and APIs) and processes (DevOps, agile, and continuous delivery)? This is where continuous testing comes in. D
Modern software design has fundamentally changed how we manage applications, causing many to turn to containers as the new virtual machine for resource management. As container adoption grows beyond stateless applications to stateful workloads, the need for persistent storage is foundational - something customers routinely cite as a top pain point. In his session at @DevOpsSummit at 21st Cloud Expo, Bill Borsari, Head of Systems Engineering at Datera, explored how organizations can reap the bene...
Digital transformation is about embracing digital technologies into a company's culture to better connect with its customers, automate processes, create better tools, enter new markets, etc. Such a transformation requires continuous orchestration across teams and an environment based on open collaboration and daily experiments. In his session at 21st Cloud Expo, Alex Casalboni, Technical (Cloud) Evangelist at Cloud Academy, explored and discussed the most urgent unsolved challenges to achieve f...
The dynamic nature of the cloud means that change is a constant when it comes to modern cloud-based infrastructure. Delivering modern applications to end users, therefore, is a constantly shifting challenge. Delivery automation helps IT Ops teams ensure that apps are providing an optimal end user experience over hybrid-cloud and multi-cloud environments, no matter what the current state of the infrastructure is. To employ a delivery automation strategy that reflects your business rules, making r...
The 22nd International Cloud Expo | 1st DXWorld Expo has announced that its Call for Papers is open. Cloud Expo | DXWorld Expo, to be held June 5-7, 2018, at the Javits Center in New York, NY, brings together Cloud Computing, Digital Transformation, Big Data, Internet of Things, DevOps, Machine Learning and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding busin...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Synametrics Technologies will exhibit at SYS-CON's 22nd International Cloud Expo®, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. Synametrics Technologies is a privately held company based in Plainsboro, New Jersey that has been providing solutions for the developer community since 1997. Based on the success of its initial product offerings such as WinSQL, Xeams, SynaMan and Syncrify, Synametrics continues to create and hone in...
Smart cities have the potential to change our lives at so many levels for citizens: less pollution, reduced parking obstacles, better health, education and more energy savings. Real-time data streaming and the Internet of Things (IoT) possess the power to turn this vision into a reality. However, most organizations today are building their data infrastructure to focus solely on addressing immediate business needs vs. a platform capable of quickly adapting emerging technologies to address future ...
In his general session at 21st Cloud Expo, Greg Dumas, Calligo’s Vice President and G.M. of US operations, discussed the new Global Data Protection Regulation and how Calligo can help business stay compliant in digitally globalized world. Greg Dumas is Calligo's Vice President and G.M. of US operations. Calligo is an established service provider that provides an innovative platform for trusted cloud solutions. Calligo’s customers are typically most concerned about GDPR compliance, application p...
Kubernetes is an open source system for automating deployment, scaling, and management of containerized applications. Kubernetes was originally built by Google, leveraging years of experience with managing container workloads, and is now a Cloud Native Compute Foundation (CNCF) project. Kubernetes has been widely adopted by the community, supported on all major public and private cloud providers, and is gaining rapid adoption in enterprises. However, Kubernetes may seem intimidating and complex ...
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, described how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launching ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.