FOUNDRY NEWS

Purdue alumnus launches startup for genetically improved hardwoods sales, consulting

October 26 2015

WEST LAFAYETTE, Ind., and RUSHVILLE, Ind. -

Landowners who are interested in planting trees that could produce veneer wood could benefit from a startup launched by an alumnus of Purdue’s College of Agriculture.

Aaron Forgey, who earned his degree in forestry and natural resources in 2014, is the owner of Legacy Hardwoods LLC. The company is selling trees, including black walnut and black cherry, that have been scientifically proven to have a better chance to become veneer wood than saw logs.

“Veneer trees can be difficult to find in the wild, with perhaps one tree every 10 acres, which makes them so valuable,” he said. “The trees that Legacy Hardwoods is producing and selling are good for aesthetics. On average they grow straighter than trees in the wild. They have fewer branches, which means fewer knots, and the branches that do grow should grow straight out to allow for a cleaner pruning cut.”

Along with producing and selling trees, Forgey consults landowners to ensure they take the proper steps to maximize their investment.

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Obesity drug developer hits $30K crowdfunding goal by slim margin

October 13 2015

Symmetry Therapeutics achieved its goal of raising $30,000 — with just $133 to spare — via a crowdfunding campaign to help fund the Philadelphia-based startup’s research into new therapies to treat obesity.

The narrow margin by which the company hit its goal didn’t bother co-founder and CEO Jon Brestoff Parker.

“Our campaign was less about money and more about engagement,” Parker said.

“This kind of engagement is new and keeps us accountable and transparent to our supporters and stakeholders, including the patients we aim to help,” he continued. “Symmetry’s values of community engagement, accountability, and transparency stand in stark contrast from the biotech companies that have recently received media attention for hiking drug prices overnight to prioritize profits over patients.”

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Can Indiana Be 'The Hub' For Women Entrepreneurs?

October 08 2015

WEST LAFAYETTE -

A new statewide program aims to boost representation of women in the entrepreneurship community. WomenIN will establish a supportive network and give program participants access to Purdue Foundry resources, which include online workshops, entrepreneur-in-residence assistance and educational opportunities. By the end of next year, WomenIN lead and Foundry Entrepreneurial Programs Manager Juliana Casavan says the goal is to have five hubs and 100 participants throughout Indiana.

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Purdue-related startup develops miniature device for biomedical analysis

September 29 2015

WEST LAFAYETTE, Ind., and BEIJING - The founder of an analytical device startup based on Purdue University innovations says his company could improve point-of-care therapy diagnosis and compliance by reducing the time it takes to analyze samples by mass spectrometry.

Zheng Ouyang, president and founder of PURSPEC Technologies Inc., said the company is developing miniature mass spectrometers, which identify the type and amount of chemicals present in blood and urine samples, to speed up the analysis time.

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