October 18-20 | Tucson, AZ

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Five student startups get $60K from McGinnis Venture Competition

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October 18-20, 2023 / Tucson, AZ
The annual summit for research institution gap fund and accelerator programs, including proof of concept programs, startup accelerators, and university venture funds

The Story

Five student startups from Carnegie Mellon University are getting a little more support, earning $60,000 in investment capital through the 2014 McGinnis Venture Competition, a cross-campus entrepreneurial challenge.

Winners include:

Impaqd: Jason Cahill and Neel Kishan, two MBA students in the Tepper School of Business at CMU, took the top prize of $25,000 in the graduate student division. With  Impaqd, the pair has created a real-time, GPS-enabled app that connects shipping customers directly to freight carriers to allow them to identify and fill empty cargo spaces.

Solvvy Inc.: Justin Betteridge and Medhi Samadi, an alumnus and current graduate student in CMU’s School of Computer Science, took second place and an investment of $15,000.  Solvvy is an intelligent problem-solving assistant that enhances a user’s ability to find web content through the use of state-of-the-art text analysis technology.

Appbase: Taking third place and an investment of $10,000, Appbase–created by graduate students Anjur Kumar and partners Siddharth Kothari and Shannan Sullivan–provides a unified database interface to handle all data syncing and querying needs for app developers.

Tailored Fit:   Tailored Fit, an online shopping service that learns an individual’s preferences over time and makes personalized recommendations, took first place among the undergraduate companies, receiving a $4,000 investment. Tailored fit also took the top spot at Startup Weekend Pittsburgh in October.

Captions: Second place in the undergraduate category and $2,500 went to Captions, a team that has created a new application for eye glasses that projects translations for any foreign language being spoken to a screen in front of the user’s eyes.

Funding for the competition comes from an endowment from Gerald McGinnis, chairman, CEO and founder of Respironics Inc.

Source: Pittsburgh Business Times

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