I  Idea Foundry

http://www.ideafoundry.org





     Office Locations:

4551 Forbes Ave., Suite 200
Pittsburgh, PA 15213
Phone: 412-682-3067
Fax: 412-682-3068

 

Stages:

  • Early
  • Seed


 

Industries:

  • Communications & Networking
  • Education & Training
  • Energy & Clean Tech
  • Information Technology
  • Life Sciences & Healthcare
  • Manufacturing & Industrial
  • Medical Device
  • Software & Internet
  • Sports & Entertainment

  •  

    Description:

    Founded in 2002, Idea Foundry is a non-profit organization that supplies the critical ingredients to transform an entrepreneur's business idea into a Pennsylvania-based, fundable start-up. The Commonwealth of Pennsylvania and regional foundations support Idea Foundry's initiatives by funding fellowships that are awarded to selected individuals and their ideas. The cornerstone of Idea Foundry is its Transformation Fellowship Program, which provides funding and support services to bridge very early-stage, commercially viable ideas to the point where they can be seed funded by outside investors or be self-sustaining. An individual Transformation Fellowship of up to $100,000 will be spent on resources used in developing the business idea from a commercial perspective i.e. stipends, computer equipment, legal fees, etc. as required for development. Each idea submitted will be researched and, if selected, funded appropriately based on the specific needs to commercialize that idea. Since its inception, Idea Foundry has helped launch over 85 technology companies in a wide variety of industries, including Life Sciences / Healthcare IT, Energy Efficiencies / Green Tech, Advanced Materials, Entertainment Technology, Education, and Information Technology. Idea Foundry companies have gone on to create over 580 jobs, launch more than 90 products, raise over $290 million in follow-on funding, and earn over $266 million in revenues.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Gary Gardiner Manager
    Michael M. Matesic Chief Executive Officer
    Nehal Bhojak Director

     

    Portfolio companies include:


      AardvarQ
        web link


      ADMA Technologies
        web link


      Akoona
        web link


      Apangea Learning
        web link


      Appiled Computational Technologies
        web link


      Assistware
        web link


      Astrobotic Technology
        web link


      Biosafe
        web link


      BitArmor
        web link


      BlackLocus
        web link


      Buzby Networks
        web link


      Cartesia Dx
        web link


      Cellular Tracking Technologies
        web link


      Circadiance
        web link


      ClearCount Medical Solutions
        web link


      ClearData
        web link


      Clearspring Technologies
        web link


      Compostable Soil
        web link


      Content Vision
        web link


      Deeplocal
        web link


      Electric Owl Studios
        web link


      First Insight
        web link


      Fossil Free Fuel
        web link


      GevenaMars
        web link


      Go-Op
        web link


      Guerilla Mobile
        web link


      Helium Networks
        web link


      ImpactGames
        web link


      Industrial Learning Systems
        web link


      Interbots
        web link


      iTwixie
        web link


      JELYPals
        web link


      Just Between Friends
        web link


      Kiddix
        web link


      Kinertia
        web link


      Luminate Technologies
        web link


      Marelle
        web link


      Meaningfy
        web link


      My RightNote
        web link


      MyGov365
        web link


      nanoGriptech
        web link


      NewCare
        web link


      Qrono
        web link


      SimonShows
        web link


      STARR Life Sciences
        web link


      threeRivers 3D
        web link


      WhereverTV
        web link


      Zulama
        web link


     

    Recent News:


      There is no recent news for Idea Foundry.