Recent CWRU mechanical engineering graduates Austin Schmidt and Solomon Alkhasov won the 2011 Idea Competition, sponsored by LaunchHouse and CSU's Accelerated MBA program at Nance College of Business. They created a company called Affinity Algorithms, which develops proprietary computer arbitrage software to facilitate transactions between buyers and sellers in various online marketplaces. The software provides greater liquidity and price transparency in the marketplaces.
"We are developing a suite of online software that helps the seller in fragmented marketplaces better manage inventory," explains Schmidt. Although Schmidt and Alkhasov came up with the idea from their experiences buying and selling textbooks in college, they say it can be applied to many online marketplaces.
The idea for Affinity Algorithms came about in January, they set up shop in March, and landed at LaunchHouse this month. They plan to roll out a full build of the software in September.
Students from all Northeast Ohio colleges and universities were invited to pitch a business concept to a panel of entrepreneurs, venture capitalists, CSU faculty and LaunchHouse staff. The contest primarily focused on students who had innovative ideas in the fields of software and internet technology, low-tech medical devices and clean energy.
The second winner is Ronny Shalev, also a student at Case. Shalev created a product known as an autonomous intravenous (IV) insertion tool that will be the most effective replacement for the current procedure of manual vein localization and needle insertion. Shalev's tool will completely replace the need for trained medical staff.
Contest winners were each awarded a $2,500 scholarship to the Global AMBA program along with a prize basket of support services from LaunchHouse, "Additionally, we received a $500 check from LaunchHouse, along with a bunch of services that include legal services, accounting, and free space for three months," says Schmidt. "All in all, a very comprehensive package with everything needed to get a business off the ground."
The winners will also have the opportunity to compete for up to $5000 in follow on funding.
Source: Austin Schmidt
Writer: Karin Connelly
The PNC SmartHome is complete at the Cleveland Museum of Natural History and open to visitors who want to learn how to make environmentally-friendly improvements to their own properties. The 2,500-square-foot three-bedroom house uses 90 percent less energy than a traditional home, and it uses no furnace for heating and cooling. The walls are a foot thick and packed with insulation, while the windows are triple-pane glass -- both of which reduce heat loss. The home is heated and cooled with small heat pumps.
"The museum wanted to help people understand how they can dramatically reduce energy consumption," says David Beach, director of the GreenCityBlueLake Institute at CMNH. "We think the SmartHome will be the first home to receive passive home certification in Northeast Ohio."
Other features include hardwood floors made from 100-year-old reclaimed wood and artwork with environmental themes created by local artists. The landscaping features storm water management techniques to keep rain water on-site instead of in storm sewers.
So far, the home has been well-received. "People walk in it and go, 'wow,'" says Beach. "What they are reacting to immediately is what a beautiful home it is. Then they see they can learn things [to do] for their own homes."
The house will be moved to an empty lot on Wade Park Boulevard this fall and will go on the market soon. Beach says they've already received inquiries about purchasing the house.
Tours run Monday through Saturday 11 a.m. to 4 p.m., Wednesdays from 11 a.m. to 9 p.m. and Sundays 12:30 p.m. to 4 p.m. Tickets are $5 with museum admission, $3 for those who can't go upstairs. Children 2 and under are free.
Source: David Beach
More than 750 people turned out at the new home of Shaker LaunchHouse last week to welcome the business incubator and celebrate entrepreneurial business in the region.
Speakers included Senator Sherrod Brown, Shaker Heights Mayor Earl Leiken, author and entrepreneur Ratanjit Sondhe, Benoy Joseph and Dick Pogue. Brown is the author of the Business Incubator Promotion Act and has spearheaded efforts to reduce brain drain in Ohio. Sondhe, founder of Poly-Carb in Solon, spoke about the importance of entrepreneurial communities. He mentioned that he wished LaunchHouse was around when he was starting out.
Pogue announced that the first corporate gift from the Shaker Heights Development Corporation for the economic development work at Shaker LaunchHouse is $25,000 from New York Community Bank.
Thirty-five companies exhibited in the 23,000-square-foot renovated car dealership, including LaunchHouse's 12 portfolio companies as well as area entrepreneurs educating visitors on their endeavors. Companies included everything from Wow! Cookies!, a gourmet cookie delivery company, to Sunflower Solutions, which develops and manufactures renewable energy products.
"The huge turnout for this event goes to show that this region is ready to support entrepreneurial efforts," said Todd Goldstein, co-founder of LaunchHouse. "I saw a lot of introductions take place that night so the networking alone is going to produce some real opportunities going forward."
Guests were treated to a buffet of hors d'oevres during the event, and the Umami Moto food truck was also on site. SLH plans to host regular entrepreneurial events in addition to weekly educational meetings.
Source: Todd Goldstein
Writer: Karen Connelly
New Life Community and Interfaith Hospitality Network of Greater Cleveland (IHN) have come together to form Family Promise of Greater Cleveland, the largest organization in Greater Cleveland focused exclusively on helping homeless families transform their lives and achieve long-term stability while helping families remain together.
The two organizations officially merged on May 1. For the past two years, the organizations have worked to integrate staff, resources and programming to serve more families with even better outcomes at a lower cost per household served. Since 1990, New Life Community has helped more than 700 families. IHN has served more than 450 families since its shelter program was formed in 1998.
Family Promise will serve more than 100 families a year. "The goal is to definitely help families become self-sufficient and find new housing as rapidly as possible, and then maintain their housing long-term," says associate director Sarah Cruise. "By merging we've been able to combine our programming and serve more families long-term."
Two facilities -- an emergency shelter in Tremont for up to six days and interim housing in Mount Pleasant for up to six months -- a job preparedness program and case management services will give families all the resources to get back on their feet. "We're developing a relationship," says Cruise. "We can access services in the community and help with crises, the spiraling down that happens.
The home-based case management aspect of Family Promise is helping to serve more families quickly. "There is such demand for family housing," says Cruise. "By moving families faster, and individualizing the services, we're really serving families in a way that promotes long-term stability."
The Center for Public History and Digital Humanities at Cleveland State University has made Cleveland history easily accessible with the launch of Cleveland Historical 2.0. The free mobile app is a combination of archival footage of Cleveland neighborhoods in the 1930s and 1940s as well as a comprehensive oral history.
"Imagine Cleveland as a living museum and we're trying to curate it," says Mark Tebeau, associate professor of history and co-director of the Center for Public History. "We're finding ways in which our own stories help us understand Cleveland better."
The app includes more than 700 interviews as part of the Cleveland Regional Oral History Collection and is a result of the combined effort by teachers, students, historians and community members. The organization has also posted many of the video oral histories on You Tube.
"As far as we know, no one else is using video for oral histories in this way," says Tebeau. "These are really great expert interviews. If you don't record it, you lose their voices."
The project has been recognized by the National Council on Public History as one of the best in the world, and received an honorable mention in the 2011 Outstanding Public History Project awards.
Tebeau has received requests worldwide to create similar apps in other cities. He is helping Spokane with a similar project through Eastern Washington University in Cheney, Washington. Locally, he is currently working with the Detroit Shoreway and Gordon Square Arts District to build their walking tours into the app for Gordon Square Arts Day on June 11, as well as Cleveland Heights Historical Society and the Downtown Cleveland Alliance.