UC Venture Lab celebrates a milestone
The University of Cincinnati has achieved more than $100 million in investment dollars through initiatives led by the Office of Innovation, including the Venture Lab program and Tech Transfer. The Venture Lab program is also celebrating a milestone, having increased the number of startups to 75 since the program’s inception.
CincyTech looks to raise $100 million fund
According to a Securities and Exchange Commission notice, CincyTech is looking to raise a $100 million fund (Fund VI). If successful, the raise would be CincyTech’s largest: Their “Fund IV,” which closed in 2016, currently holds that title at $31 million.
Procter & Gamble’s startup strategy
This article cites Procter & Gamble for how it uses its $1.9 billion R&D budget to create new businesses and categories. For P&G, it made sense to create its own inventions and spin out companies instead of having startups pitch new tech to them. Two examples of startups emerging with P&G innovations are PureCycle Technologies, which uses P&G’s proprietary process to turn plastic wastes into a renewable resource, and AeroFlexx, which launched in 2018 with technology for a liquids package that is flexible, uses far less plastics and is fully recyclable.
Aviatra Accelerators announces its 2022 Launch class
Aviatra Accelerators, which is devoted to empowering women-owned startups, has announced its 2022 Launch class. The six 2022 Launch business owners will create a business plan with a three-year financial projection, validated by the U.S. Small Business Administration, work with an assigned mentor, and participate in networking and coaching during the 10-week program held at the NKU Collaborative in Covington.
Online car buying process launched at Wyler
Jeff Wyler Automotive Family has launched a new platform that lets customers go through the entire car-buying process online, from the initial search and financing to remote signing and scheduling delivery—in less than 15 minutes.
Hitting coordinator uses V1 pressure mat to teach batters
Dave Hansen, the Cincinnati Reds’ minor-league hitting coordinator, is using new tech to teach batters: a sensor mat from V1 Sports that was initially used to measure ground pressure in golf swings. The platform allows Hansen to point to video analysis and heatmaps on a screen t0 provide a hitter instant and visual feedback about weight transfer, balance, and stabilization throughout the swing.