Over the years, Carnegie Mellon University has produced its fair share of startups, including more than a thousand that have raised venture capital in the past decade.
One way CMU supports its alumni founders is through its VentureBridge program, which is part of the Swartz Center for Entrepreneurship. Through the program’s summer accelerator, CMU alumni founders get to build on their bold ideas by receiving pre-seed funding, office space, and introductions to potential customers, investors and mentors.
Since 2018, the university has hosted a fall VentureBridge Demo Day to showcase the startups that come from CMU and give the community a chance to hear from alumni founders, who are full-time working on their businesses.
“It’s a celebration of innovation and the entrepreneurial spirit,” VentureBridge Senior Director Namrata Banerjee told Technical.ly on Wednesday ahead of the 2023 program’s demo day. “It’s a celebration of tackling big problems. It requires a lot of grit and determination to solve problems that are very difficult. And we hope [when] the attendees tonight leave the event, we hope they are hopeful and excited for the future.”
Throughout the evening event, companies ranging from software businesses to robotics startups to entertainment studios presented for the crowd that filed into the Swartz Center.
Here’s a little more about the companies and their presentations, as tweeted by CMU Adjunct Professor of Entrepreneurship Adam Paulisick, a VentureBridge mentor:
Addy AI
Arieca
AugxLabs
BlastPoint
Conduit
Erosion
ESTAT actuation
Fluid Reality
Leaficient
Mach9 Robotics
Shift Robotics
OTL
Pendulum
Upview
Tacit
Velo AI
“CMU founders are the world’s best and … when we showcase them through VentureBridge, or when we fund them through VentureBridge, you know, we are funding the future breakthroughs and future innovations,” Banerjee said. “We are really proud that these founders that we’ve found through VentureBridge have put their full time into their startups and [are] choosing to embark on this difficult but exhilarating entrepreneurial journey.”