Penn State’s inaugural Summer Founders Program proved to be a valuable investment in bright young entrepreneurs. On August 27, students from the six participating teams presented their work during Demo Days, bringing some incredible businesses to the forefront, including: 

Project Vive, led solely by Mary Elizabeth McCulloch: Mc¬Culloch designed an affordable device for those who can’t speak. The Project Vive glove requires small hand movements to form full sentences. This solution to overcome non verbal communication barriers brought on by cerebral palsy and other disabilities costs a fraction of what current devices cost. 

Gastrograph, led by Jason Cohen (founder and CEO): Cohen’s team created machine learning and artificial intelli¬gence based sensory tools for the food and beverage industry. This software has applications in quality control, flavor profile optimization and product development, production process optimization, demographic targeting, and cognitive market¬ing. It can also identify and predict defects and contamina¬tions in real time with over 99.99% accuracy. 

If you follow the stock market, you’ve surely taken note of the continually climbing value of ANAC stock (Anacor Pharmaceuticals, a biopharmaceutical company based in Palo Alto, California). The company, founded in 2002, was created around boron chemistry technology developed by Dr. Stephen Benkovic of Penn State University and co-founder Dr. Lucy Shapiro of Stanford University.

The stock began the year at just over $30 per share. Today the stock is selling for $132.58 per share, and they hit a high of the year at $156.925. The company’s value lies in its unique platform that has the potential to treat multiple diseases.

Penn State President Eric Barron has laid out a program that emphasizes the transfer of Penn State research and intellectual property to real world applications and startup businesses. Barron’s ambitious plan starts at the student level with a fresh look at curriculum across the University.

Robert Beaury, Interim Director of the Engineering Entrepreneurship Minor, said that great progress has already been made and there is much more to come, and soon.

 

One of the many advantages of working in the park is the Penn Stater’s Park Privileges Card. This card earns you a free lunch item after 10 meals at Legends in the Penn Stater! Legends is a great option for a business lunch, offering top notch food and conveniently located right inside the park. Having a dining option in the park is a key advantage of working in the park—you can schedule your lunches just a shorting walking or driving distance away. The Park Privileges Card, while just a small thank you, is a bonus that makes the Penn Stater a great place for all your business lunches.