Wednesday, March 20, 2013
Five Pittsburgh startups picked for Open Field fund
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.”
By: Malia Spencer