Innovation Works
Innovation Works
12/16/2014

Running Out of Cash

Frank Demmler, Vice President-Entrepreneurial Executives Team, recently reviewed Paul Graham’s December post about startups running low (or out) of cash. Below, see Frank’s view and advice for startups finding themselves in that position. Let us know in the comments section if you’ve found yourself in a similar position and how you handled it. In his December blog, Paul Graham wrote about an all too common situation that most early stage start ups find themselves in: the prospect of running out of cash. In it he describes the rationalizations that many entrepreneurs embrace under such circumstances. The most common, and most … Continue reading

Innovation Works
Innovation Works
12/15/2014

StartUp Holiday Gift Guide

If you’re like me, your holiday shopping has JUST begun. And, if you’re like me again, you know your usual standbys of candles and neckties probably won’t cut it for the tenth year in a row.       Thankfully, I’ve gotten to know lots of great Innovation Works, AlphaLab and AlphaLab Gear companies this year, many that have products perfect for whoever is on your holiday list. Check them out below, and let us know your favorite local gift in the comments section.       Your friendly neighborhood digital manager, Laura       · Romeo Delivers-The perfect … Continue reading

Innovation Works
Innovation Works
09/08/2013

About the Commercialization Alliance

The Commercialization Alliance has been formed by partners, such as Innovation Works, in conjunction with the federal Department of Energy’s National Energy Technology Laboratory (NETL) which is based in Pittsburgh, PA, Morgantown, WV, and Albany, OR to maximize NETL’s technology transfer efforts from the nearly $1 billion of annual, federally-funded research.   The Alliance partners, with the help of URS Corporation, NETL’s primary research and engineering support contractor, identify projects with high market potential to either license the technology or spin out those innovations as startups. In addition, the Alliance advises researchers on ways to make their inventions more attractive … Continue reading

Rich Lunak
Rich Lunak
03/14/2013

Thoughts from a Recovering Roboticist on TechShop

Long before I was President and CEO of IW, I was a roboticist and entrepreneur. Back then, I spent many late nights redesigning portions of our pharmacy robots including end-of-arm toolings, drive mechanics and other components. In order to complete a prototype of a new design, we were forced to use makeshift equipment in our lab or coax a local machine shop owner to prioritize our small orders to meet a critical timeline. It wasn’t the most efficient use of my time, but there were no other options for a cash-strapped, early-stage entrepreneur desperate to meet a deadline.   I had the opportunity … Continue reading

Rich Lunak
Rich Lunak
01/04/2013

Donald H. Jones: A deep and meaningful personal legacy

This article was originally posted in the Pittsburgh Business Times on December 21, 2012.   Pittsburgh has lost one of the founders of our entrepreneurial and investment community in Don Jones, whose vision helped establish the blueprint for Pittsburgh’s vibrant technology economy.   Donald H. Jones’ legacy goes well beyond the facts that he founded four companies that were subsequently acquired, endowed a Center for Entrepreneurship at a world-renowned university, and was managing director at a major regional venture capital firm.   For more than 50 years, Don mentored young entrepreneurs to help them grow successful companies. That act of … Continue reading

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