Elevate Purdue Foundry Awards Investments

Posted: Updated:
(photo courtesy Rogo) (photo courtesy Rogo)
WEST LAFAYETTE -

Elevate Purdue Foundry Fund has announced $80,000 in funding to four Purdue University-affiliated startups. The startups have been selected to receive tier-one "Black Award" investments of $20,000 each. They are Covert Defenses, BDYWR, Rogo Ag LLC and C2 Medical Robotics Inc. 

Covert Defenses develops technology to prevent computer attacks on systems such as a nuclear reactor or power plant. The company was founded by Purdue professor Hany Abdel-Khalik and has developed a covert defense algorithm to employ evasive tactics to deceive hackers. 

BDYWR is developing a method of using the human body as an internet that could be used to authenticate Human-Computer Interaction devices. Purdue electrical and computer engineering assistant professor Shreyas Sen has used the human body to communicate securely with the signal never going beyond a centimeter from the skin, and also using 100 times less energy than traditional Bluetooth communication. 

Rogo is making autonomous robots to collect accurate soil samples to allow farmers to make better decisions about soil fertility applications. The company created SmartCore, which is an autonomous robot that collects soil samples from fields and returns the samples directly to the operator to then deliver for lab analysis. The technology has made soil sampling 20% more accurate, without raising costs. 

C2 Medical Robotics Inc. is developing low-cost disposable, robotic spinal surgical tools and devices for the most common surgical spine procedure in the U.S: lumbar discectomy, of which there are more than 350,000 cases a year.  lumbar discectomy, the most common surgical spinal procedure in the United States with more than 350,000 cases a year. The company was founded by David J. Cappelleri, an associate professor of mechanical engineering at Purdue. 

The fund is a joint venture between the Purdue Foundry and Elevate Ventures. The fund was established in 2014 and has committed to invest $2.7 million in 74 companies.

  • Perspectives

    • Circling Back on WeWork

      Back in July when we first discussed WeWork, this fast-growing but money-losing venture was one of the most talked-about IPOs in years. At that time, we noted that it was too early to say what would happen, but “it should be very interesting to watch it all play out.” Turns out, that was a massive understatement!

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • (IIB Photo/Alex Brown)

      India Wants to Partner with Indiana on Sports

      Indiana Secretary of Commerce Jim Schellinger says a recent trade trip to India included a rare meeting that produced some interesting results.  Schellinger and Governor Eric Holcomb were granted an audience with Indian Prime Minister Narendra Modi.  “We were taken aback at how well he knew Indiana,” said Schellinger. “He knew our (economic) background, our educational background, our history of sports statewide,” said Schellinger, who added...

    • (Image courtesy of Indiana State University)

      ISU 'Dreams' of Major Sports Facilities Improvement

      When Indiana State University developed a master plan for its campus, it didn’t include sports and athletic facilities. That’s about to change.  The university this week revealed a major plan for their sports facilities, according to a report from The Tribune Star of Terre Haute. 

    • Circling Back on WeWork

      Back in July when we first discussed WeWork, this fast-growing but money-losing venture was one of the most talked-about IPOs in years. At that time, we noted that it was too early to say what would happen, but “it should be very interesting to watch it all play out.” Turns out, that was a massive understatement!

    • (Image Courtesy: Purdue Agricultural Communication)

      Slow Harvest in Indiana, Mixed Yield Estimates

      As fall harvest rolls along across the Corn Belt, the U.S. Department of Agriculture has updated its predictions of the size of the nation’s corn and soybean crops. In Indiana, the data shows the state’s corn yield has improved, while soybeans dropped over the past month. 

    • Lauren Petersen and Johna Norton

      United Way Names New Board Members

      United Way of Central Indiana has elected Lauren Petersen (pictured) and Johna Norton (pictured) its newest board members. Petersen currently serves as TechPoint’s senior director of relationship management. She graduated summa cum laude from Ball State University in 2011 where she earned a bachelor’s degree in urban planning and development. Norton serves senior vice president, Global Quality for Eli Lilly and Co.