Our Successes -Project Olympus - Carnegie Mellon University

Our Successes

Olympus By The Numbers 

Download a copy of Olympus By The Numbers [.pdf]

Since Project Olympus started in January 2007, we have

Supported 161 student and faculty project initiatives.

Formed 122 companies.

Over $165 million in follow-on funding has been awarded directly to 31 faculty and 63 student projects and companies from university and outside sources. (The $$ figure does not include acquisitions.)

7 companies have received VC funding

1 acquisition by Google, 1 by PDN, 1 by Home Depot, 1 by Turnitin.

1 company raised $35 million in a B-round of VC funding.

7 projects have been granted SBIR/STTR funds, including 1 NSF SBIR Phase II and 1 NSF I-Corps.

21 received OFEF Funds (@50K each)


27 have graduated to AlphaLab/Gear; 8 are Innovation Works portfolio companies; 7 are Idea Foundry portfolio companies (Local Programs)


10 graduated into other incubator programs e.g. Plug & Play, LaunchHouse, Kaplan Ed Tech, DreamIt Ventures, Accelprise,YCombinator (Nationwide Programs).


1 Kauffman Innovation Fellowship and 3 Kauffman Commercialization Leadership awards.


40 PROBEs have won over $3.2 million in awards and prizes from competitions.


˜500 students from across campus have participated in Olympus projects, and many more have participated in Olympus activities

students from across campus have participated in Olympus projects, and 250+ additional students have participated in Olympus/CIE activities


Over 40 events offered or hosted annually including Olympus' signature Show&Tells, CONNECTS seminars and workshops produced with the DJC, Startup Job Fair, Start Smart legal seminars and workshops offered in conjunction with the Innovation Practice Institute of Pitt's Law School and others.



Highlights

  • Supported over 160 student and faculty project initiatives.
  • Formed over 120 companies.
  • Over $165 million in follow-on funding has been awarded directly to 31 faculty and 63 student projects and companies from university and outside sources.