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2020 Pitch Summaries
Virtual TransTech 2020 Conference - Pitch Session Summaries
Pitch Session 1
RUBITECTION: Sanna Gaspard, CEO, Pittsburgh, PA.
Prototype/seed stage start-up, $1,081,000 total cash funding to date, mostly government grants.Assessment system for early detection, care recommendations, and telehealth connectivityregarding bed sores and skin health assessment for residents of nursing homes, hospitals, andhome health settings. Functional prototype has demonstrated 96% accuracy in clinicalevaluations. Several medical and healthcare companies are confirmed as future distributionpartners. The go-to-market strategy envisions a three-year program of further productdevelopment, product launch, and growth to $153 million in revenue in 2023. Seeking $1.6million to be allocated as follows: prototype - $450K, pilot testing - $300K, IP expansion -$100K, team expansion - $600K, operations - $150K.
VISUAL DAWN: Trevor Squier, CEO, Seattle, WA.
Pre seed early stage startup, $20,000 cash funding to date, F&F. Product is an augmentedreality (AR) soft contact lens with initial target applications for defense, early responders, andheavy industry. Key enabling technologies are 1) patented biocompatible, biodegradable powersource (battery), and 2) patented (provisional) manufacturing process and materials. Go tomarket strategy includes prototype development with MVP in 2021, consumer ready products in2023, and additional feature development through 2028. Seeking $500,000 to achieve MVP in2021.
V0AIGE: Dipan Pal, Founder and CEO, Pittsburgh, PA, CMU.
Pre-seed, very early stage, $2500 grant funding to date. Propose to develop and market the“Cobot,” a trainable robotic arm that can assist SMSC with simple tasks such as palletizing,picking, and sorting. Cobots would be available on a trial/rental basis with no upfront costs tousers. Bio-inspired deep learning AI technologies would be applied in future development toexpand Cobot capabilities to more complex tasks. Use of Cobots will help overcome barriers tomanufacturing such as an aging population, crippling immigration policies, and low interest inbasic manufacturing jobs that SMSC’s have with scaling their businesses. Seeking $200,000 forhiring a software engineer and purchase of robotic arm prototype components.
Pitch Session 2
ATP-MD, LLC: Joseph James, President, Salisbury, MD
Prototype/seed stage, $230,000 total cash funding to date. The patented CombinedRemediation Biomass and Bio-Product Production Process (CRBBP) process is proposed as acost-effective CO2 capture and sequestration mechanism. A 15-year study at the University ofCalifornia-Berkeley on a 100-acre plot demonstrated that Biomass sorghum captured andsequestered twice as much C02 as switch grass and four times more than pine trees. Theproposal is to remediate vacant lots and brownfield sites in and around Baltimore, MD with theCRBBP process, while reducing atmospheric CO2 levels. The Excelon Foundation ClimateChange Initiative is supporting the Baltimore project. Seeking $100,000 to match Excelon’s$100,000 to design, test, and commercialize Vertical Bio-Crop Farm systems.
FARM TO FLAME: Kwaku Jyamfi, CFO, Kearney, NJ.
Prototype/seed stage startup, $100,000 funding to date mostly grant funding. Propose toprovide affordable renewable backup power in regions of unreliable grid, expensive on-sitegenerators, and hazardous air quality. System uses locally available biomass fuel fromagriculture and wood products operations – patented low-emissions biomass combustor has99% thermal efficiency. Current Letter of Intent with University of Calabar teaching hospital inNigeria for a $1.2 million system to be implemented upon completion of FTF’s 25 kWcommercial unit. Seeking $45,000 for completion of 10kW system.
LEAF SOLAR DESIGN SYSTEM: Evan Haug, Cleveland, OH
Commercializable project , no cash funding to date. The goal of the concept is to create softwarethat optimizes and automates some of the more common and routine tasks usually performedmanually by solar design engineers. The proposed program will work in conjunction withexisting blueprints and CAD files to accelerate the solar array design process. Electrical andcomputer solar design engineers at Continental Electrical Construction Company, Chicago, ILare advising the project team. Seeking funding for development of an MVP. Cleveland, OH -CWRU
LOW-COST SENSOR FOR SIMULTANEOUS HYDROGEN AND TEMPERATURE DETECTION: Mudaabbr Badar, Entrepreneurial Lead, Pittsburgh, PA, U Pitt
Commercializable project, no funding history provided. Fiber optic circuits enable real timehydrogen gas and temperature measurements that help avoid transformer failures and providethermal management for energy storage systems. Potential customers include Eaton, ABB, andSchneider Electric for power transformers; and Siemens, GE energy and Tesla for battery andpower converter manufacturers. Proposed technologies could be 2% to 5% the cost of currentlyavailable T and H sensors. Seeking $300,000 for additional customer discovery and prototypingwith OEM partners.
Pitch Session 3
LI-NNOVATE: Joseph Grzyb, Graduate Student, Cleveland, OH, CWRU
Commercializable Project, no cash funding to date. Proposed technology will reduce thetendency of Li-Ion batteries to become thermally unstable and catch fire if subjected to overusage, large power fluctuations or damage. Addition of a phosphorus additive to the Li-Ionbattery’s electrolyte solution has been demonstrated to increase failure temperature and reducelikelihood of fire. Charge capacity of the battery is not affected. Phosphorus fire retardants arecurrently used in paints, plastics, and textiles. Seeking $10,000 for component materials andprototype testing.
COREPOWER MAGNETICS: Paul Ohodnicki, CTO, Bridgeville, PA.
Prototype/seed stage startup, $30,000 funding to date, F&F. Proprietary alloys and advancedmanufacturing technologies combine to enable production of next generation power electronicscomponents required for future high-performance inductors, transformers, and motors. The newalloys and manufacturing technologies, protected by 22 patents and patent applications, enableproduction of more efficient and higher power density magnets. Seeking $1.2 million inconvertible note funding to support a manufacturing facility and on-board strategic hires.
LI-ON CARE: Rounak Chawla, PI, Cleveland, OH
Very early stage Commercializable project, $1500 funding to date thru CWRU’s GLEI. Proposedtechnology is an integrated system for monitoring battery health, showing remaining usefulbattery life, and recommending best practice procedures. Current status of the product isvalidation by experts – IP measures are in progress. Seeking $10,000 for initial prototypedevelopment and access to research database from battery vendors and industry leaders.
ELEMENTAL DYNAMICS, POMETHEUS: David Allen, Founder, Boca Raton, FL
Prototype/Seed stage startup, $35,000 cash funding to date. The concept is to supplemen tindustrial process heat with concentrated solar power (CSP). The proposed approach is toaccurately focus the power of the sun onto thermal absorbers, thus achieving efficienciesapproaching 5 times greater than conventional solar panels. Seeking $100,000 to acquireexpertise and materials for lens production and system testing, then, if successful, $500,000 for6-month development phase, then, if successful, $1.2 million for a 1-year production phase toproduce 20 market ready systems.
Pitch Session 4
CLIMATE SHELTER, LLC: Don Osborne, PI/Project Manager, White Sulphur Springs, WV.
Prototype/early stage start-up, $147,500 cash funding to date, mostly F&F. The proposedproduct is modular, transportable, highly energy efficient, storm and fire resistant structures thatare suitable for manufactured housing, military shelter/housing, FEMA shelters and disasterrelief. R-values ranging from 34 to 200+ are achieved through use of solar powered vacuumchambers in the roof and walls. Wind, fire, and flood resistance are achieved with heavy gaugestructural steel components. The modular units are constructed at regional manufacturing plantsand may be truck shipped and erected on-site in 1 – 2 days – units may be bolted together asneeded. Seeking $250,000 for development of phase 2 production model and further marketing studies.
NEOWASTE: Jessica Findley, CEO and Co-Founder, Pell City, AL
Early stage startup, $93,000 funding to date. Chemical conversation (polycrack technology) ofmixed plastics waste streams into diesel fuel. The conversion process uses a patentedhomogeneous catalyst that reacts with vapor streams from the gas-phase reaction. Proposedbusiness model is to collect tipping fees for industrial waste plastic recovery and obtain revenuefrom sale of diesel fuel to distributors such as Sonoco. Seeking $200,000 for design andmanufacture of larger conversion unit and shredder prototype, box truck, testing, validation, andsoftware development.
STAR SENSORS: Rohan Sina, CEO and Co-Founder, Strongsville, OH
Seed stage, $28,600 funding to date, mostly non equity. Predictive maintenance for industrialplants – based on interconnected plant floor. Reduced operational costs through alerts foressential maintenance and repairs, reduced energy usage with low-power sensors and recoveryof vibrational energy. Proposed 3-year strategy of pilot operations with industry partners,conversion to long term contracts, followed by development of AI based asset managementapplications. Seeking $150,000 for paid pilots and software development.