Blog posts tagged with Incubator

MAGNET client receives grant to develop new system for healthcare patients and providers

July 12, 2016 by Liz Fox

Cleveland startup and MAGNET Incubator tenant iRxReminder has received a $125,000 grant from the North Coast Opportunity Technology Fund to move forward with an innovative product used in the healthcare industry. The money will be used to enhance the existing iRxReminder System, which helps medical professionals manage aftercare through a cloud-based application that includes symptom monitoring, data capture, and patient education. Funds will also go toward the iLidRx, a new automated dispensing and verification system that can help patients and care providers track and store their medication. The pods will also be utilized during a clinical trial at the University of Michigan Comprehensive Cancer Center this fall. iRxReminder CEO Anthony Sterns, who founded the company in Akron in 2009, says much of his success is due in part to the assistance of MAGNET experts and consultants. “Being a client in the MAGNET accelerator program has been essential to our progress,” Sterns said. “MAGNET staff have helped with coaching and strategy, and I know our Angel Investors were impressed with the MAGNET facilities when they visited as part of the due diligence process. Now MAGNET is helping us with MPaCT funding to complete the initial manufacturing of our medication management technology.”

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ProtoTech pitches value of entrepreneurship in Northeast Ohio

October 15, 2015 by Liz Fox

Calling all entrepreneurs! The Incubator at MAGNET (The Manufacturing Advocacy and Growth Network) is proud to present ProtoTech:PITCH, a groundbreaking entrepreneurial contest designed to highlight product-focused technology and consumer startups in Northeast Ohio. Set to take place at the Ariel International Center, the marquee event will occur in late October and features select startups presenting their products for cash prizes. Additional services, like complimentary branding, prototyping hours, and entrepreneurial benchmarking, have been donated by MAGNET and its partners. Valuable networking opportunities and a demonstration room featuring contestant prototypes will also be available prior to the presentations. "The ProtoTech events - PITCH and INVEST - attempt to shine a spotlight on the exciting diversity of product innovation in Northeast Ohio," said davey.crain, Executive Director of Entrepreneurial Services at MAGNET. "I’m excited as many supporters and investors are telling me we’re on to something.   The INVEST event earlier this year was as good as any investment event on the Coasts." Held in Oct. 2014, the inaugural ProtoTech pitch event drew more than 150 attendees and featured six finalists who battled for more than $25,000 in funding. Everykey founder and Case Western alum Chris Wentz secured the $12,000 grand prize, while Michael Baird

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Tickets Still Available to Attend Inaugural ProtoTech Pitch Contest

October 07, 2014 by MAGNET Ohio

The Incubator at MAGNET (the Manufacturing Advocacy & Growth Network) announced today that registration is still open and tickets are still available for the first annual ProtoTech pitch competition and event, taking place Tuesday, October 21 at the Ariel International Center in Cleveland, Ohio. Those interested can register here. ProtoTech is an exciting pitch competition and networking event focusing on Northeast Ohio’s most promising startups whose technology is embedded in a physical product or process. Those who attend will see the contest’s six start-up finalists pitch their product innovations, ranging from safer real-time x-ray imaging to robotic roofing machines. Audience members will use Turning Technologies’ audience response technology to vote along with a panel of judges for the top presentations. The top teams will receive a multiplier for their funds raised during the competition and over half of every ticket purchased will benefit the multiplier prize pool. During the event’s intermission, there will be a guided discussion on the risks and rewards of product entrepreneurship between three local successful entrepreneurial founders: Blake Squires, CEO of Movable; David Levine, president of Wireless Environment, LLC; and Pete Mitchell, co-founder of Mitchell’s Homemade Ice Cream. There will also be prime networking opportunities for those

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The Incubator at MAGNET Announces "ProtoTech," a Pitch Competition for Technology Start-ups

July 17, 2014 by MAGNET Ohio

This summer, product-focused technology start-up companies in Northeast Ohio will have the opportunity to raise and receive funds toward bringing their ideas to reality in a new pitch competition presented by the Incubator at MAGNET (The Manufacturing Advocacy & Growth Network).  The competition is called "ProtoTech." Beginning in late July, the Incubator at MAGNET will start accepting applications from start-up companies whose technology is based on developing a new product or process.  Six applicants will then be selected to develop their product pitch and be provided with resources such as an online team page and social media tools to raise funds for their product. On September 18, the six finalists will present pitches for their products to a live audience and a panel of judges who will rate the finalists on each product’s feasibility and investability as well as the quality of their pitch.  Each of the six teams will keep all the funds they raise for their product with the top three teams earning a matching multiplier of funds for the amount they raised. To support the commercialization of innovative new technology driven products into the marketplace, NASA Glenn Research Center is partnering with MAGNET and providing $15,000 to help launch this new event

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The Incubator at MAGNET Creates a New Service Program and Names Tom Lix as Entrepreneur-In-Residence

June 03, 2014 by MAGNET Ohio

The Incubator at MAGNET has created a new service—an onsite, product-focused Entrepreneur-in-Residence (EIR) and named Tom Lix, founder and Chairman of Cleveland Whiskey, to serve as its first EIR. The EIR is a seasoned, "been there, done that" coach and mentor for current Incubator tenants and will also serve a resource for prospective entrepreneurs throughout Northeast Ohio. The Incubator at MAGNET helps entrepreneurs and new companies with high growth potential focused on producing engineered products.  As EIR, Lix will provide subject matter expertise on product entrepreneurship, offering assistance on designing, engineering and commercializing technology in an engineered product or process. The EIR will be chosen from the Incubator’s roster of later-stage market-successful tenants with a new EIR being named every few years to take advantage of the expertise of the Incubator’s most dynamic tenants. "Tom Lix is a serial entrepreneur and has been the Director of the Center for Entrepreneurship at Lake Erie College as well as an Associate Professor of Entrepreneurship at Lake Erie. He was the founder and president of two different software start-ups, both resulting in acquisition," said MAGNET Director of Entrepreneurial Services Davey Crain. For the past four years, Lix’s latest company, Cleveland Whiskey LLC, has

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