$7M grant gives birth to CMU business incubator-Center for Innovation and Entrepreneurship - Carnegie Mellon University

Sunday, March 10, 2013

$7M grant gives birth to CMU business incubator

Nitsan Shai strums AC/DC's “Back in Black” on an electric guitar while he follows the notes on a website with his laptop. If he misses a note, the program stops and an online maestro offers tips. Shai, 18, a freshman at Carnegie Mellon University, is a part-time programmer at tunessence, a startup company founded by CMU alumni and faculty with the help of $50,000 from the McCune Foundation. The money came from a $7 million grant from McCune, its largest ever, and the first in a series of “Big Ideas” grants, to provide financial aid for undergraduate and graduate students who are entrepreneurs and seed money for companies they and faculty establish. Read more »

By: Bill Zlatos, Pittsburgh Tribune Review