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
Joyce Mariani created "Opera in the Garden," a free outdoor concert that takes place each summer in Rockefeller Park's Italian Cultural Garden, to celebrate Italian immigrants' contributions to the city of Cleveland and enliven the 80-year-old public space.
Although Mariani sets up 200 chairs in the idyllic garden, you might want to bring one from home; last year, over 800 people showed up.
"People find something universal in the Italian cultural experience," says Mariani, Executive Director of the Italian Cultural Gardens Foundation. "And this is an outdoor museum to Italian culture in Cleveland."
Mariani has launched an ambitious effort to expand the garden according to original, unfinished plans. Now that she has raised more than $465,000 towards the $750,000 fund-raising goal, work has begun on a large statue of Dante and a dedication is planned for the fall. Future plans call for filling an empty quadrant of the garden with a small pantheon, as well.
"It just goes to show that if you believe in something, people will tap into your dream," Mariani says.
The Italian Cultural Garden was founded in 1930 by Italian-American businessman Philip Garbo. Its prominent features include a column from the Roman Forum and a bust of Virgil that was sent by the Italian government. Garbo's company, the Italian Fresco and Decorating Company, designed and painted decorative art and frescoes in residences, churches and over 100 theaters, including the Ohio Theatre. The design of the upper garden is taken from the Villa Medici in Rome.
This year's Opera in the Garden will take place on Sunday, July 31st at 6 p.m. in the Italian Cultural Garden (990 East Boulevard).
Source: Joyce Mariani
Writer: Lee Chilcote