The Indiana University Research and Technology Corp. says four startups launched last year through its Spin Up program. The nonprofit business accelerator provides business expertise so technology-focused discoveries at IU can get to market more quickly.
Spin Up Associate Jerry Hunter says the program "helps with the early administrative functions of running a business so faculty members can focus on the research that drives it. This includes working with local service firms that provide business needs like insurance and payroll."
The IURTC outlined the startups:
Crossroads Education LLC
- Founded by Kevin Berkopes, director of the Mathematics Assistance Center and the Statistics Assistance Center at Indiana University-Purdue University Indianapolis. By leveraging the latest advances in technology, Crossroads Education creates collaborative learning spaces and the technology that could shift paradigms in education.
Emission System Solutions Inc.
- Founded by Sohel Anwar, associate professor of mechanical engineering in the School of Engineering and Technology on the IUPUI campus. The company seeks to improve the fuel efficiency of diesel engines by offering an innovative, accurate soot load sensing system to optimize the regeneration operation of the particulate filter.
Green Fortress Engineering Inc.
- Founded by Peter Schubert, professor of electrical and computer engineering in the School of Engineering and Technology and director of the Richard G. Lugar Center for Renewable Energy. The company seeks to refine its patented methods of storing hydrogen fuel in a solid state, which could lead to energy storage that is low in cost and high in round-trip efficiency.
- Founded by Dr. Brian Sloan, assistant professor of clinical emergency medicine in the IU School of Medicine. The company is developing a wound-irrigation system that could be a cost-effective alternative to traditional methods used in hospital emergency departments, doctors’ offices, urgent care and other venues where patients have an open traumatic wound. The device stores flat, is less expensive to ship and could leave a smaller biological footprint than the standard wound-irrigation system.
IURTC officials say since 1997, discoveries connected to the university have generated some $133 million in licensing and royalty income.