The first commercially available suborbital balloon technology, sensors embedded in sports helmets that can detect concussions in real time and design/simulation software for 3D printing were among the innovations recently showcased at Embry-Riddle Aeronautical University’s Build Stage Accelerator Demo Day, in collaboration with StarterStudioÒ . The economic development initiative focuses on new technologies to drive high-paying job creation in Volusia County, Florida and beyond.
dr. Ali Tamijani, Professor of Aerospace Engineering and CEO of Novineer, showcased his company’s 3D print design and simulation software on Demo Day.
“I am so proud of all the startups that participated in this year’s accelerator,” said Dr. Stephanie Miller, Embry-Riddle’s Executive Director of Technology Transfer and Research Park Initiatives. “The program required an enormous amount of work in a short period of time and Demo Day showed that perfectly. Partnerships with supporters such as StarterStudio and the programs we can offer together make Embry-Riddle’s Research Park and the local innovation ecosystem stronger.”
Embry-Riddle teamed up with StarterStudio to relaunch the accelerator program earlier this year after a pandemic-induced hiatus. Demo Day was the culmination of a 10-week course that helped company founders sharpen their market strategies, define key performance indicators, identify financing options, and more. At the event, companies founded by Embry-Riddle students and professors, startups already living in the university’s MicaPlex Technology Business Incubator, and one from the local community presented their high-tech business ideas to a panel of investors and advisors.
Participating startups are eligible to receive between $10,000 and $25,000 in funding from the StarterStudio Investment Committee’s Evergreen Seed Fund upon achievement of specific startup milestones, as well as matching funds up to $225,000 in the future, once additional milestones are reached .
The first recipient of such funding is Novineer – a 3D print design and simulation software company led by CEO Ali Tamijani, who is also a professor of Aerospace Engineering at Embry-Riddle. The company made $25,000.
Following the event, another participating company – SpaceLoon, a suborbital balloon company based in the MicaPlex incubator – received a National Science Foundation Small Business Innovation Research grant of $255,999. With this funding, the company will hire three full-time employees: a postgraduate or Ph.D. student and two technicians.
Salman Ahmed, co-founder and COO at CVvlogs, pitched his company’s innovation: a unique job application app that focuses on video resumes.
Four companies took part in Demo Day and presented their innovations.
CVvlogs, a company developing a unique job recruiting app outlined their plan to capitalize on the projected surge in the global online recruiting market to $43.39 billion by 2027. The company’s focus on video interviews that enhance the soft skills of an applicant will save both applicants and recruiters time while reducing the chances of qualified candidates being overlooked. The company already has 12,000 app downloads, 6,000 registered applicants and 300 registered recruiters in overseas markets.
- Founder and CEO of CVvlogs: Syed Ahmed; co-founder and COO: Salman Ahmed; founder and vice president of technology: Ali Nayeem; co-founder and CTO: Muhammad Abdullah.
Despite 3.8 million sports-related concussions being reported annually, “about 50% of all concussions go undiagnosed,” said Alex Britton, founder and CEO of CerebriTechthe company developing helmet sensor technology to detect concussion symptoms in athletes.
Citing his company’s NASA-patented technology that enables real-time assessments of players’ cognitive function and risk of brain damage, he explained that the technology will be marketed to professional, semi-pro and collegiate football players. and hockey teams – a market made up of approximately 67,000 athletes. The device can also advise whether or not athletes should be removed from games, even pinpointing where in the brain an injury is occurring.
Britton, a Mechanical Engineering student at Embry-Riddle, also took part in a tech talk about entrepreneurship in the spring of 2022, where he received advice from industry leaders, including notes on how to adjust his revenue model. That counsel’s benefits were reflected in his company’s current plan, which includes a one-time purchase of the device plus an annual service fee.
- Founder and CEO of CerebriTech: Alex Britton; co-founder and COO: Elle Ferguson; co-founder and CFO: Elias Campbell.
Beginner plans to release 3D print design and simulation software to make the process of designing, modeling and fabricating better quality 3D printed parts easier and faster (the software will reduce design time by up to four days in current model, up to 12 hours with Novineer technology). The idea for the product was born in part from three separate research projects conducted by Dr. Ali Tamijani, CEO of the company and Professor Eagle. Those projects were supported by $2.5 million in funding from NASA, the United States Air Force and the National Science Foundation, which recognized Tamijani in 2019 with a coveted Early Career Award for groundbreaking research.
- Novineer CEO: Dr. Ali Tamijani; CTO: Dr. Zhichao Wang.
SpaceWage, developer of the first commercially available balloon that can reach the suborbital mesospheric region of space, will provide a lower cost solution for companies to place payloads in suborbital space for research and testing. The team is currently seeking $500,000 in seed funding to further develop its technology.
- SpaceLoon founder and CEO: Pradeep Shinde; co-founder and CSO: Michael Segal-Rozenhaimer.
“I am pleased to announce that both Novineer and CVvlogs have decided to continue their startup journey by joining StarterStudio’s Seed Stage program,” said Dawn Haynes, CEO of StarterStudio. “The program began on August 2 and will culminate in a demo day on October 4 in Orlando.”
Posted in: Applied Sciences | Business | Computers and Technology | Technique | Room