Welcome!

News Feed Item

Purdue Student Startup Receives $100,000 from Global Entrepreneur Program

Bearing Analytics, a Purdue University student startup, is one of 10 top startups to receive a $100,000 grant from FOUNDER.org, a global student entrepreneur investor and company building program.

Bearing Analytics commercializes hardware/software solutions for industrial machinery monitoring. Anurag Garg and Lokesh Gupta co-founded the company. Garg is CEO and Gupta is vice president of research and development.

"It is an honor for Bearing Analytics to be considered by FOUNDER.org and to receive this funding as one of the top 10 student startups," Garg said. "The FOUNDER.org program includes an amazing group of people who will become an extension of our core team. They will play an integral role in developing strategy and helping us become an even more successful company.

"The other entrepreneurs accepted into the program are very talented and very well-rounded. We look to leverage and support that network of like-minded young entrepreneurs."

Bearing Analytics also was named to the FOUNDER.org Class of 2015 along with two other startups founded by Purdue University student entrepreneurs, Medtric Biotech LLC and SensorHound Innovations LLC. FOUNDER.org works with leading colleges, universities and research institutes throughout North America and Europe to advance student entrepreneurship.

The 50 startups named to the Class of 2015 will receive weekly training and other assistance from their mentors, and the entire group will meet quarterly at partner schools either in North America or Europe.

"It is a real testament to the talented entrepreneurs who are utilizing the startup ecosystem Purdue has in place and the quality of the innovative research coming out of the university that we have three companies to advance to the FOUNDER.org Class of 2015," said Dan Hasler, president and chief entrepreneurial officer of Purdue Research Foundation. "We fully expect the early success of Bearing Analytics, SensorHound Innovations and Medtric Biotech to continue, and that the many other companies developing their innovations at Purdue will experience similar success."

Bearing Analytics has worked closely with Purdue FoundryPurdue Research FoundationSilicon Valley Boiler Innovation Group (SV BIG), Purdue Office of Technology CommercializationBirck Nanotechnology Center, the Burton D. Morgan Center for Entrepreneurship in Purdue's Discovery Park, Cleantech Open and Clean Energy Trust.

Garg said the relationship with Purdue has been essential in the company's continued progress.

"Purdue has supported Bearing Analytics every step of the way, from providing travel grants through the College of Engineering and the School of Electrical and Computer Engineering, to accelerating the licensing process through the Office of Technology Commercialization," he said. "Officials at the Foundry and Burton D. Morgan Center for Entrepreneurship have assisted with customer development, strategy development and investor connections, too. These initiatives and organizations play an important role in helping student-launched startups to commercialize their own ideas as well as Purdue technology."

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settl...
With tough new regulations coming to Europe on data privacy in May 2018, Calligo will explain why in reality the effect is global and transforms how you consider critical data. EU GDPR fundamentally rewrites the rules for cloud, Big Data and IoT. In his session at 21st Cloud Expo, Adam Ryan, Vice President and General Manager EMEA at Calligo, examined the regulations and provided insight on how it affects technology, challenges the established rules and will usher in new levels of diligence arou...
For organizations that have amassed large sums of software complexity, taking a microservices approach is the first step toward DevOps and continuous improvement / development. Integrating system-level analysis with microservices makes it easier to change and add functionality to applications at any time without the increase of risk. Before you start big transformation projects or a cloud migration, make sure these changes won’t take down your entire organization.
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
Digital transformation has increased the pace of business creating a productivity divide between the technology haves and have nots. Managing financial information on spreadsheets and piecing together insight from numerous disconnected systems is no longer an option. Rapid market changes and aggressive competition are motivating business leaders to reevaluate legacy technology investments in search of modern technologies to achieve greater agility, reduced costs and organizational efficiencies. ...
Organizations planning enterprise data center consolidation and modernization projects are faced with a challenging, costly reality. Requirements to deploy modern, cloud-native applications simultaneously with traditional client/server applications are almost impossible to achieve with hardware-centric enterprise infrastructure. Compute and network infrastructure are fast moving down a software-defined path, but storage has been a laggard. Until now.
DXWorldEXPO LLC announced today that Kevin Jackson joined the faculty of CloudEXPO's "10-Year Anniversary Event" which will take place on November 11-13, 2018 in New York City. Kevin L. Jackson is a globally recognized cloud computing expert and Founder/Author of the award winning "Cloud Musings" blog. Mr. Jackson has also been recognized as a "Top 100 Cybersecurity Influencer and Brand" by Onalytica (2015), a Huffington Post "Top 100 Cloud Computing Experts on Twitter" (2013) and a "Top 50 C...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
DXWorldEXPO LLC, the producer of the world's most influential technology conferences and trade shows has announced the 22nd International CloudEXPO | DXWorldEXPO "Early Bird Registration" is now open. Register for Full Conference "Gold Pass" ▸ Here (Expo Hall ▸ Here)
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smart...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...