Robert Wooldridge - Director-CTTEC - Carnegie Mellon University

Robert Wooldridge

Robert Wooldridge

Director

Address:
Center for Technology Transfer and Enterprise Creation (CTTEC)
4615 Forbes Avenue, Suite 302
Pittsburgh, PA 15213

Office: 304

Phone: 412-268-7390

Email: raw@cmu.edu


Bob oversees the CTTEC team and all elements of the licensing and start-up commercialization processes within the center.  He spearheaded the reorganization of CTTEC after becoming Director in 2002. Under his leadership, the center went from a $2M loss to break-even in three years.

During his time at Carnegie Mellon, he has personally negotiated over 150 license, research, and other complex agreements with companies ranging in size from start-up to multinational.

Bob also developed then implemented new spin-off guidelines in 2002, which were designed to both encourage entrepreneurship and facilitate investment; on average, the program resulted in a 250% increase in the number of new companies per year and a reduction in the time to spin-out by 60%.

Bob has been personally involved in the formation of several dozen CMU spin-offs. Bob has previously served as a member of the board of directors for a number of startup companies and entities including Mediasite, Inc., Wisdom Technologies Corporation, Carnegie Interactive, Inc., Chromodynamics, Inc., Carnegie Technology Holdings, and the Pittsburgh Venture Capital Association. He has participated in eight rounds of venture capital, three acquisitions and one bankruptcy (and found each one to be a unique learning experience). He is currently a Director at Gigapan Systems, Inc.

In 2005, after several years of promoting the concept regionally, Bob submitted a successful proposal to the Heinz Endowments to establish a “Gap Fund” to make small, awards to researchers exploring start-up opportunities.  Since that time, in concert with his colleagues in CTTEC, more than $2M has been raised from various foundations and other agencies to support new company formation.  Over $1.2M has been distributed to date.

Prior to CTTEC, Bob spent ten years in industry, the majority of that time with a manufacturer of electrical and electronic components.  He worked closely with industrial customers on commercialization, starting with the design/R&D stage through product development and, finally, introduction. Bob's expertise covers a wide range of industries including electrical assemblies and systems, automotive, and telecommunications.

Bob received his BA History/Mathematics and an MBA from the University of Pittsburgh.  He has also attended the Venture Capital Institute and the Harvard Program on Negotiation.