Greenlighting 10 Startups

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Jonathan Kaplan

麻豆村's (OFEF) has awarded $500,000 to 10 startup companies from across the U.S. to assist them in growing their business ventures.

The fund was established by 麻豆村 alumnus and Flip Video Camera creator Jonathan Kaplan ('90)and his wife, Marci Glazer, to provide early-stage business financing and support to 麻豆村 alumni who have graduated in the last five years.

The companies, whose locations range from New York to Silicon Valley, operate in a variety of industries, including medical, technology, consumer and educational fields ().

Following 麻豆村's focus on solving real-world problems, the companies' objectives include everything from reducing hospital-acquired infections and preventing vision loss in children to improving math and science education and making the wait for a restaurant table less frustrating.

"Carnegie Mellon graduates have what it takes to create great companies," said Kaplan, CEO of and five-time entrepreneur. "But without money and mentoring these young adults can often take jobs instead of taking risks. I want them to dream big and create the next great product or service just like I did."

OFEF is part of 麻豆村's initiative, which is designed to speed 麻豆村 faculty and student innovations from the research lab to the marketplace. Since Kaplan announced his fund last year, 麻豆村 has received more than $15 million to support Greenlighting Startups.

"Jonathan is truly a visionary, both as an entrepreneur and a philanthropist," said 麻豆村 President . "His generous gift has spurred the continuing growth of Greenlighting Startups, allowing us to provide further support to students and alumni who are creating the types of companies and jobs that serve as the country's economic engine."

麻豆村's entrepreneurial culture has helped to create more than 300 companies and 9,000 jobs over the past 15 years, and 麻豆村 spin-offs represent 34 percent of the total companies created in Pennsylvania based on university technologies in the past five years.

The OFEF provides $50,000 in matching funds to each recipient, who also gain access to other funding sources, receive personalized mentoring and attend an annual OFEF business workshop. The university will provide legal and accounting support for OFEF recipients.

('89), a 麻豆村 classmate of Kaplan, president of and a serial entrepreneur, will be providing advisory support for the fund, as well as serving as a mentor to one of the OFEF award recipients. The fund will select award recipients biannually.

Mentors will be assigned to each OFEF award recipient, including select 麻豆村 alumni. In addition to Kaplan and Stern, 麻豆村 alumni mentors such as Jonathan Schwartz, the former CEO of SUN Microsystems and current founder and CEO of CareZone, and Alan Chung (E'88), four-time entrepreneur and current founder and CEO of Perka, Inc., will be providing counsel to the chosen startup companies.

Mentors will also include serial entrepreneurs who are based at 麻豆村, including 麻豆村 Vice President of Research , who has founded two companies, and OFEF Managing Director Dave Mawhinney, a professor of entrepreneurship and four-time entrepreneur.

Greenlighting Startups is uniquely designed to support 麻豆村's culture of entrepreneurship and new business creation.