FOUNDRY NEWS

Co-founder Scott Massey stands next to GroPod, an in-home greenhouse that grows fresh produce out of a small coffee machine pod-like seed holders. He cofounded Heliponix with Ivan Ball to commercialize GroPod.

Purdue plant science startups receive $100,000 in investments

January 14 2019

WEST LAFAYETTE, Ind. – The Purdue Ag-Celerator Fund has announced that it is investing $100,000 in two plant science startups: Heliponix LLC, which is developing coffee machine-like pods that can grow produce in homes, and Karyosoft, which is creating easy-to-use software solutions that simplify genome data analytics for microbiome professionals.

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Purdue alumnus inducted into the National Inventors Hall of Fame

January 11 2019

WEST LAFAYETTE, Ind. – A Purdue University alumnus who created groundbreaking technologies in the field of electric power systems has been inducted into the 2019 National Inventors Hall of Fame.

Edmund O. Schweitzer III, who earned his bachelor’s and master’s degrees in electrical engineering from Purdue in 1968 and 1971, is the founder, president and chief technology officer of Schweitzer Engineering Laboratories.

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Solar solution: Technology helps reduce energy costs on Indiana farm while protecting environment

January 09 2019

WEST LAFAYETTE, Ind. – A Purdue University alumnus is using clean, solar energy to drastically reduce the electric bill for his northern Indiana hog farm with the help of a company based in the Purdue Research Park.

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Greg Deason, VP Entrepreneurship & Place Making discussing headline at weekly Foundry Grounds

Purdue hits startup milestone with 200+ startups, $350 million funding in five years, nine acquired for $2.3+ billion

January 10 2019

WEST LAFAYETTE, Ind. – Purdue University hit a milestone in startup creation in 2018 with 223 startups, more than $350 million in funding and investments generated and more than 300 new jobs, officials announced today (Jan. 10).

“Purdue has a 150-year history of producing world-class research. Five years ago we set out to establish an equally strong commercialization ecosystem to ramp up the translation of this research into the market and into real-world solutions,” Purdue University President Mitch Daniels said. “These efforts are clearly beginning to bear fruit, and to encourage us that these gains are just a beginning.”

Nearly 130 of the startups have licensed Purdue University intellectual property through the Purdue Research Foundation, Office of Technology Commercialization. The remainder of startups

are

affiliated with Purdue in some way and/or based on company-owned intellectual property bringing the startup total to 223 startups since 2013. More than 60 of the company-owned startups are founded and owned by Purdue students who in 2013 were granted the right to own the intellectual property that they generated as students at the university. Click here for a complete list of Purdue startups from years 2013-18.

“West Lafayette truly is ‘Startup City,’” West Lafayette Mayor John Dennis said. “The strong pipeline of innovation and entrepreneurial support from Purdue along with the economic environment climate here and across the Greater Lafayette area equate to new technologies, new companies and new jobs across the board.”

The 223 Purdue licensed-IP startups or startups affiliated with Purdue:

  • Startups raised $352 million in funding.
  • 210 are in active operation.
  • 186 are based in Indiana.
  • 128 licensed Purdue Intellectual Property.

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Seven Purdue-affiliated startups receive investments totaling $200,000 from Elevate Purdue Foundry Fund

January 18 2019

WEST LAFAYETTE, Ind. – Elevate Purdue Foundry Fund announced Tuesday (Dec. 18) that it has awarded a total of $200,000 in investment funding to seven Purdue University-affiliated startups.

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Houston, we have a solution: Technology helps new pilots better communicate with air traffic control, increase safety

January 19 2019

WEST LAFAYETTE, Ind. – Learning to speak a new language can be difficult in any setting. Now, imagine trying to learn the language of the sky as a new pilot, while also navigating the instrument panel and learning to fly the plane safely.

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Purdue Foundry Investment Fund provides $750,000 to advance 3 life sciences startups

December 20 2018

WEST LAFAYETTE, Ind. – Purdue Research Foundation’sFoundry Investment Fund has invested a total of $750,000 in three life sciences startups to advance them to commercial viability.

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International commercialization, startup expert joins Purdue as chief entrepreneurial officer

December 11 2018

WEST LAFAYETTE, Ind. – Purdue Research Foundation President Brian Edelman announced Tuesday (Dec. 11) that Scott Henderson, an international commercialization expert, will serve as the foundation’s new chief entrepreneurial officer.

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New 2-in-1 powder aerosol to upgrade fight against deadly superbugs in lungs

December 12 2018

WEST LAFAYETTE, Ind. – Purdue University researchers have developed a new approach to treating the fourth-leading cause of death worldwide – lower respiratory infections.

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Soybean oil driving Purdue technology to improve roadways

December 13 2018

WEST LAFAYETTE, Ind. – Holiday drivers who find that roadwork is driving them crazy may find in future years that a Purdue University-affiliated startup can seal the deal for a merrier journey.

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