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Innovation & Startups

Pittsburgh’s Technology Collaborative funds nine companies $1.5 M

The Technology Collaborative, the Pittsburgh-based economic development organization that supports the growth of world-class robotics, cyber-security and digital technology, has awarded $1.5 million to nine companies and one Carnegie Mellon University project.

Eight are Pittsburgh-based and two are Philadelphia-based companies. All the projects are underway and will be completed by 2010.

“We received a record number of proposals which is indicative of the funding challenges faced by early stage companies across the country,” says David Ruppersberger, president and CEO of TTC. “The good news is that this particular group of awardees looks very promising in terms of their potential commercial success and economic impact on the region.”

The funded local companies include:

Acutronic USA and Virtus Advanced Sensors who submitted a join proposal to test and develop technology for the next generation MEMS intertial sensors based on Virtus’ proprietary technology. (For the Pop City story, click here.)

Bossa Nova Concepts, Oakland-based designers of robotic toys and games for young children, to further develop and test robots that complement characters in a virtual world.

Gradient Labs, pioneers of an approach called Spatial Computing and developers of a suite of products for several industries. A new Facebook application will offer enhanced media management, viewing and sharing to Facebook users.

HyperActive Technologies Inc., provider of restaurant automation solutions that detect and track vehicles arriving to the site, to develop a project to create and test a new platform.

Interbots LLC, developers of emotionally expressive robotic toys for children, to develop new product software.

MobileFusion will further develop its SmartFusion platform, a defense tool that locates people, cars and chemical plumes, allowing users to make real-time decisions.

Silicon Vox Corp., a Carnegie Mellon startup, to help bring high-speed speech recognition technology to market.

Writer: Debra Diamond Smit
Source: David Ruppersberger, TTC

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