Tuesday, July 15, 2014

11 Pittsburgh Startups Receive Investments from CMU's Open Field Entrepreneurs Fund

Photo by Joey Gannon
Eleven Pittsburgh-based startups were awarded investments from CMU's Open Field Entrepreneurs Fund. Investments were given to a total of 16 startups, 37 since the fund began in 2012. Recipients of the award are Carnegie Mellon alum and entrepreneurs that have graduated in the last five years. More information about the fund and the list of this round's recipients are below.
Each OFEF recipient received a $50,000 investment, along with personalized mentoring from CMU faculty and alumni. Peter Stern, Kaplan’s classmate and co-founder of Datek Online, provides advisory support for the fund and serves as a mentor to one of the OFEF award recipients.
The local recipients and a brief description of what each does are listed alphabetically below:
  • BandPass provides bands with direct assets to the shows they want to play and gives venues the information they need to book shows.
  • Bistrobot uses robotics technology to create fresh food in a timely manner.
  • Collected allows users to uncover and reuse existing work by providing related content from the user’s cloud accounts as they type.
  • Digital Dream Labs teaches children how to build programs as they guide characters in a video game through puzzles, learning the fundamentals of computer sciences along the way.
  • Greenovation designs, builds and develops affordable and sustainable housing.
  • Innovesca develops processing technologies to provide users with a detailed account of food’s nutritional benefits.
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