Five Pittsburgh startups picked for Open Field fund-Open Field Entrepreneurs Fund - Carnegie Mellon University

Wednesday, March 20, 2013

Five Pittsburgh startups picked for Open Field fund

The latest round of investments from the Open Field Entrepreneurs Fund is headed to six startup companies, all with Carnegie Mellon University ties. Five of them are based in Pittsburgh.

The fund is part of the university’s effort to encourage its students and alumni to pursue entrepreneurial ventures. It was established last year by CMU alumnus and successful entrepreneur Jonathan Kaplan and his wife, Marci Galzer. Kaplan sold his company Pure Digital, the maker of the Flip Video Camera, to Cisco Systems in 2009.

This time around the Open Field Entrepreneurs Fund is dolling out $300,000, or $50,000 each, to the six companies.

“Open Field is dedicated to helping Carnegie Mellon graduates dream big and create the next great product or service,” said Kaplan, who is now CEO of The Melt, a casual restaurant business specializing in grilled cheese sandwiches. “We are pleased to provide these investments and encouraged by the success of previous Open Field recipients have experienced in just a few short months.”

Previous recipients include NoWait, which recently brought in a big name CEO and raised $2 million, and PHRQL, which announced a partnership with the regional grocery chain Giant Eagle...Read more»

By: Malia Spencer