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Carnegie Mellon partners with VC firm to develop solutions to energy challenges

By Jesse Schwartz
Published: April 18th, 2018

Carnegie Mellon University and Chrysalix Venture Capital have partnered to develop solutions to challenges in the field of energy resources.

The two entities will target resource-intensive industries such as oil and gas, electric power, mining, chemicals and materials.

“Carnegie Mellon University is a world-renowned hub for intelligent systems research,” says Wal van Lierop, founder and managing partner at Chrysalix. “Having them as our partner further enhances Chrysalix’s ability to find innovative solutions for resource efficiency and energy innovation, while providing commercialization opportunities for budding entrepreneurs and strengthening the local start-up ecosystem.”

The partnership with Carnegie Mellon is part of Chrysalix’s global academic network and innovation ecosystem. The VC firm works with corporate partners to identify challenges in their industries, then engages universities to access their innovative research and develop new solutions through the formation of start-ups.

“Our students and faculty are always thinking about how our systems will work in the real world — what need does it fill? Who will use it?” says Martial Hebert, director of the Robotics Institute at Carnegie Mellon. “Chrysalix helps answer these questions and puts real money behind the projects with high potential.”

Source: GlobeNewswire

Posted under: Tech Transfer e-News

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