The first commercially available suborbital balloon technology, sensors embedded in sports helmets capable of detecting concussions in real time, and design/simulation software for 3D printing were among the innovations recently showcased at the day. demo of Embry-Riddle Aeronautical University’s Build Stage Accelerator, in collaboration with StarterStudioÒ. The economic development initiative focuses on new technologies to drive the creation of well-paying jobs in Volusia County, Florida, and beyond.
Dr. Ali Tamijani, Professor of Aerospace Engineering and CEO of Novineer, showcased his company’s 3D printing design and simulation software at Demo Day.
“I’m so proud of all of the startups that participated in this year’s accelerator,” said Dr. Stephanie Miller, executive director of technology transfer and initiatives at Embry-Riddle Research Park. “The program took a tremendous amount of work over a short period of time, and Demo Day exemplified that perfectly. Partnerships with partners like StarterStudio and the programs we can deliver together strengthen Embry-Riddle’s research park and local innovation ecosystem. »
Embry-Riddle partnered with StarterStudio to relaunch the acceleration program earlier this year, after a pandemic-caused hiatus. Demo Day was the culmination of a 10-week course that helped business founders refine their go-to-market strategies, define key performance indicators, identify funding options and more. At the event, companies founded by Embry-Riddle students and faculty, startups already residing in the university’s MicaPlex tech business incubator, and one from the local community pitched their business ideas from high technology to a panel of investors and advisers.
Participating startups are eligible to receive between $10,000 and $25,000 in funding from the StarterStudio Investment Committee’s Evergreen Seed Fund when they reach specific startup milestones, as well as future matching funds up to $225,000, upon achievement of additional milestones.
The first recipient of this funding is Novineer, a 3D printing simulation and design software company led by CEO Ali Tamijani, who is also a professor of aerospace engineering at Embry-Riddle. The company won $25,000.
As a result of the event, another participating company – SpaceLoon, a suborbital balloon company located 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 postdoctoral or Ph.D. student and two technicians.
Salman Ahmed, co-founder and COO of CVvlogs, presented his company’s innovation: a unique recruiting application that focuses on video CVs.
Four companies participated in the Demo Day, presenting their innovations.
CVvlogs, a company developing a unique recruiting app, outlined its plan to capitalize on the predicted global online recruitment market to grow to $43.39 billion by 2027. The company’s focus on interviews videos that highlight a candidate’s soft skills will save candidates and recruiters time, while reducing the chances of qualified candidates being passed over. Already, the company has 12,000 app downloads, 6,000 registered candidates and 300 registered recruiters in overseas markets.
- Founder and CEO of CVvlogs: Syed Ahmed; co-founder and COO: Salman Ahmed; Founder and VP of Technology: Ali Nayeem; co-founder and CTO: Muhammad Abdullah.
Despite the 3.8 million sports-related concussions reported each year, “approximately 50% of all concussions go undiagnosed,” according to Alex Britton, founder and CEO of CerebriTechthe company that is developing helmet-integrated sensor technology to detect concussion symptoms in athletes.
Citing his company’s NASA-patented technology that will allow real-time assessment of players’ cognitive function and risk of brain damage, he explained that the technology will be marketed to professional soccer and hockey teams, semi- professional and collegiate – a market made up of approximately 67,000 athletes. The device can also recommend whether or not athletes should be removed from games, and even pinpoint where in the brain an injury is taking place.
Britton, who is a mechanical engineering student at Embry-Riddle, also attended an entrepreneurship technology conference in the spring of 2022, where he received advice from industry leaders, including notes on how adjust its revenue model. This attorney’s benefits were reflected in his company’s current plan, which includes a one-time device purchase plus an annual service fee.
- Founder and CEO of CerebriTech: Alex Britton; co-founder and COO: Elle Ferguson; co-founder and chief financial officer: Elias Campbell.
novice plans to release 3D printing design and simulation software to simplify and speed up the process of designing, modeling and manufacturing higher quality 3D printed parts (the software will reduce design time by four days in the model current, to a maximum of 12 hours with Novineer technology). The idea for the product originated in part from three separate research projects led by Dr. Ali Tamijani, CEO of the company and Professor Eagle. These projects were supported by $2.5 million in funding from NASA, the US Air Force and the National Science Foundation, which honored Tamijani with a coveted Early Career Award for Pioneering Research in 2019.
- Novineer CEO: Dr. Ali Tamijani; CTO: Dr. Zhichao Wang.
spaceloon, developer of the first commercially available balloon capable of reaching the sub-orbital mesospheric region of space, will provide a low-cost solution for companies to deploy payloads into sub-orbital space for research and testing purposes . The team is currently seeking $500,000 in seed funding to further develop their technology.
- SpaceLoon Founder and CEO: Pradeep Shinde; co-founder and CSO: Michael Segal-Rozenhaimer.
“I am thrilled to announce that Novineer and CVvlogs have decided to continue their startup journey by participating in StarterStudio’s Seed Stage program,” said Dawn Haynes, CEO of StarterStudio. “The program began on August 2 and will end with a demo day on October 4 in Orlando.”
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