Published Tuesday, June 14, 2022 by Namrata Banerjee, Carnegie Mellon University
The VentureBridge program, part of the Swartz Center for Entrepreneurship at Carnegie Mellon is excited to announce its investment in 12 startups headquartered out of San Francisco, New York, and Pittsburgh, representing brilliant and ambitious alumni founders of Carnegie Mellon, Emory, Harvard, NYU, Rochester Institute of Technology, Stanford, University of California at Santa Barbara, Georgia Institute of Technology and University of Missouri at St Louis.
These 12 startups are engineering innovative solutions to combat corrosion, decarbonize cold chain logistics, improve indoor and outdoor heating efficiency, convert future receivables into income generating assets, pre-packaged options trading for casual traders, help small businesses develop high-quality short-form content, make giving gift cards exciting, help small businesses facing labor shortage with easily re-programmable robotic arms, aid surgeons performing cochlear implantation surgery reduce outcome variability, blend the fashion (physical) and digital (metaverse) worlds, build the next-generation on-chain protocols and professional tools where individuals own their information, and bring efficiency to the legal contract reviewing industry.
Congratulations teams!
Lumishield
Vertical: CleanTech, Material Science
Founder: Hunaid Nulwala, PhD Material Science, UC Santa Barbara, Rochester Institute of Technology Chemistry
LumiShield has developed a sustainable, high performance protective coating technology to combat corrosion problems ($2.3 Trillion/year) and accelerate industrial decarbonization. Its superior technology includes an aluminum oxide pretreatment that is non-toxic, environmentally responsible (no heavy metals), has no Hazardous Air Pollutants (HAPS), and has zero Volatile Organic Compounds (VOCs). Its technology replaces current toxic and low performing solutions.
Artyc
Vertical: CleanTech/Environment, EnergyTech
Founders: Hannah Sieber, Stanford GSB, and Mark Langer, Carnegie Mellon ECE
Artyc is on a mission to decarbonize cold chain logistics with refrigerant-free, reusable, active cooling containers. Refrigerants are quickly becoming the largest source of greenhouse gas emissions and, in combination with the loss of agricultural, pharmaceutical, and medical goods in transit, are expected to have an impact of 160 gigatons of carbon dioxide equivalent emissions across the next decade. Artyc is developing an active-cooling system for cold shipping and storage; their boxes are battery-powered for long-duration cold storage, lightweight with no refrigerants, and reusable for thousands of shipments.
Vertical: AI, CleanTech, EnergyTech, IoT
Founders: Rohan Pandya, Carnegie Mellon SCS, GA Tech ME and Raj Tilwa Emory, Stanford, Harvard
Beam is a smart, high-efficiency heating system that provides personalized warmth to people both outdoors and indoors. Their spot heating technology utilizes robotics and precision heating to provide a focused beam of heat targeted at people – akin to a spot light, but for heat. This is in contrast to central or space heaters that wastefully heat up an entire space.
Alopay
Vertical: FinTech, Web 3, Cryptocurrency
Founders: Rishabh Chatterjee – Carnegie Mellon SCS, Aditya Jain – Stanford Economics, Management and Engineering
Alopay enables individuals to convert their “liabilities” and future receivables into income generating assets to build wealth and create a more holistic financial picture for them. Traditional finance recognizes only savings accounts, homes, vehicles, and investment accounts as assets, Aloplay is building a platform that evaluates and prices-in these alternative assets.
Optionality
Vertical: FinTech
Founders: Alec Baum, Carnegie Mellon Tepper and Adam Castelbaum, Carnegie Mellon Tepper
Optionality is a street-smart app designed to increase the transparency and accessibility of the options trading space, one trader at a time. By pre-packaging options into a streamlined menu, we have completely re-imagined the trading process, where the focus is on risk-management and more defined outcomes. Trading and transparency should go hand-in-hand.
Read the original article on Carnegie Mellon University’s Swartz Center for Entrepreneurship.