Congrats to the McGinnis Venture Competition Winners
Innovation and entrepreneurship took center stage at Carnegie Mellon University’s 2015 McGinnis Venture Competition, a cross-campus entrepreneurial challenge in which students compete for $60,000 in investments for their startup companies.
Five winners were announced March 26 at the conclusion of the multi-round competition, sponsored by the Carnegie Mellon Center for Innovation and Entrepreneurship.
First Place: Rorus, Inc. is developing a new class of water purifiers based on nanoparticle technology. The company’s first working prototype targets the $70 billion market of emergency response after natural disaster.
Second Place: DataSquid uses data visualization science to unlock the power of big data on mobile and desktop computers. With the help of cutting-edge multitouch visualization technology, DataSquid delivers faster decisions and deeper insights anywhere and anytime.
Third Place: Nebulus Audio is the only real-time project management and arrangement platform for making music. Find collaborators to help finish your projects or add your talent to other's songs, all while making the collaboration process as fast and simple as possible.
First Place: Soterias Medical is developing a new electronic injection system for introducing stem cells into the skin of patients enrolled in therapeutic studies and clinical trials. The new system decreases the chances that the stem cells will be dead or contaminated, and increases the success of stem cell therapy for wounds, rashes and burns.
Second Place: VIT is a consumer electronics company focusing on bringing the medical and biotechnology advancements to the masses. VIT aims to change an industry lacking consumer-driven designs and functionalities by providing simple, elegant solutions. The company’s first product is a smart knee brace.
INNOVATES TODAY: Starting Your Startup Workshop (for CMU Undergraduates)
Friday, March 27, and Saturday, March 28, 2015
5:00 pm to 8:00 pm; 9:00 am to 3:00 pm
Newell Simon Hall, 3305
Sign up now, limited space available!
Learn how to evaluate a business Idea. For first and second year undergraduates from all CMU colleges. Participants will work in teams. No experience is necessary. Find out more.
SPECIAL SEMINAR: Convertible Promissory Note: Understanding the Key Terms
Wednesday, April 8, 2015
3:00 pm to 4:30 pm
Newell Simon Hall, 3305
Learn the basic legal issues and pitfalls of issuing convertible promissory notes for your startup. Peter Papagianakis, CMU alumnus and Managing Member of a New York-based law firm, will discuss the following:
• The pros and cons of issuing promissory notes versus shares of preferred stock to angel investors
• The discount and caps on valuation and their effects
• Mandatory conversion vs. optional conversion; reasonable interest rates
• Legal documents accompanying the promissory note
SAVE THE DATE
Olympus Show & Tell 19
Thursday, April 16, 2015
5:30 pm to 7:00 pm
Jared Cohon University Center, McConomy Auditorium/Connan
Project Olympus Show & Tells are hugely popular venues for providing a window into the many exciting developments on campus and for connecting students and faculty with the wider business and entrepreneurial community. The event, which takes place during CMU's Spring Carnival, is chock full of the exciting talent and ideas that showcase the university's research and innovations.
We are pleased to acknowledge and gratefully thank K&L Gates for its generous support of this and other Olympus Show & Tells.
The Carnegie Mellon Center for Innovation and Entrepreneurship
The Center works with its partners to serve the entire CMU community—departments, colleges, centers and campuses—to help bring research innovations and promising ideas to the global marketplace. It helps all entrepreneurial students, faculty, staff and alumni tap into the 'innovation ecosystem.'
Programs for the 2014-2015 academic year:
Project Olympus PROBE Projects for students, faculy and alumni
The Innovation Scholars Program for entrepreneurial undergraduates
The James R. Swartz Entrepreneurial Fellows Program for graduate students
The CMU I-Corps Site for selected entrepreneurial teams
CONNECTS workshops for the CMU community
Inside-Out Commercialization Workshops for faculty, postdocs and senior graduate students