Events -Project Olympus - Carnegie Mellon University

A Cross-Campus Venture Competition

The McGinnis Venture Competition, a platform exclusively for Carnegie Mellon University’s student entrepreneurs is underway. The application deadline is Thursday, January 15, 2015.


For CMU Faculty, Postdocs and Senior Graduate Students

INSIDE-OUT COMMERCIALIZATION WORKSHOP: The Art of Pitching Your Invention or New Business Venture

Wednesday, January 21, 2015
12:00 pm to 1:30 pm
Newell Simon Hall, Room 3305

The objective of an elevator pitch is enticing your audience to learn more about your venture. The objective of a Pitch Deck is to move your audience to action. This workshop will be presented by Andy Hannah, Adjunct Professor of Entrepreneurship and Analytics and Entrepreneur-In-Residence at the University of Pittsburgh Business School. By attending this workshop you will learn the elements needed to create a successfull pitch and why each is important.

CONNECTS: The Benefits and Perils of Using Open Source Code for your Startup

Friday, January 23, 2015
3:00 pm to 4:30 pm
Newell Simon Hall 3305

A number of recent CMU startups have figured out ways to commercialize their research using an open-source model, despite misconceptions that it is hard to make money using the software. Because it is free, there are no restrictions to use the software for commercial purposes.
Elijah Mayfield, a former Ph.D. student from the Language Technologies Institute at CMU, and CEO of LightSide Labs, led his company to acquisition by Turnitin this year. The LightSide Labs venture was also a former Project Olympus PROBE. Elijah will share his experience with commercializing research software in educational technology, discuss LightSide's founding, growth, scale, and the role that open source software and intellectual property played in the startup's success. He will also talk about best practices for building software that interoperates between open-source and proprietary code, focusing on viral open source licenses like the GPL. CMU's Center for Technology Transfer and Enterprise Creation (CTTEC) will also be available to answer any questions.

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Ever thought about quitting your job and starting a business, but have been concerned about the risks, hesitant about giving up a steady paycheck or not sure how to start? Well, help is here. CMU alumnus Robin Wang (CIT '88) recently launched an online course, "How to Quit Your Job and Start a Business" and is offering the CMU entrepreneurship community five free passes to register. The course will help aspiring entrepreneurs take that leap from employment to entrepreneurship. Topics covered include understanding and managing personal and business finances, determining whether entrepreneurship is right for you, developing a ten-step action plan for taking the leap and much more. To learn more about the course and redeem your discount visit


The VentureWell E-Team Program cultivates opportunities for collegiate technology entrepreneurs by providing early-stage support and funding of up to $75,000. College students will have the chance to move new tech ideas out of the lab and classroom into the marketplace. The three-stage program provides grant funding, experiential workshops, veteran coaching and a potential investment opportunity to help teams manifest their projects’ full commercial potential. The deadline to apply for the next E-Team cohort is February 6.