Wednesday, November 20, 2013
Pittsburgh Innovation News You Need to KnowThe entrepreneurial and innovation sector in Pittsburgh continues to heat up. Here’s a quick look at the news going down around town.
CMU reports the creation of a record number of new startups this year, 36 to be exact, an economic milestone for the region by all accounts. CMU, its faculty and students have spun out more than 130 companies over the past five years and have attracted approximately $400 million of outside investment.
CMU also announced a shift to a “spin-in” approach to working with entrepreneurs through organizations like Carnegie Innovations. The model allows companies to function as a venture-supported startup and receive financial support from CMU while the university retains 90 percent equity in each.
“It really is an example of us getting into the business of our business in the tech development space,” Mark Kamet, CMU Center for Innovation and Entrepreneurship, told the audience gathered at LaunchCMU last week.
Five subsidiaries are underway: Acrobatiq, an open learning initiative; Acatar, a distance learning platform; Panopto, a video recording, transmission and content platform for enterprise; Cleamodel, focused on developing best-practice and model-based improvements; and iCarnegie, an older company developed in the ‘90s that works with government and businesses on workforce development...Read more»
By: Deb Smit