CMU alumni incubator launches with seven local startups.
Ten startups were selected for CMU’s Open Field Entrepreneurs Fund (OFEF), a program that awards $500,000 to companies from across the U.S. and mentors them through the early stage.
CMU alumnus and Flip Video Camera creator Jonathan Kaplan and his wife established the fund to provide early-stage business financing and support to alumni who have graduated from CMU in the last five years.
While the company locations range from New York to Silicon Valley, seven are from Pittsburgh. The startups represent a diverse range of industries, including medical, technology, consumer and educational fields.
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