Carnegie Mellon University (CMU) is awarding a total $800,000 to 16 startups. The money is being invested through the Open Field Entrepreneurs Fund (OFEF).
OFEF was set up in June 2012, and since then has supported five cohorts, equalling 37 companies and a combined funding of $1.85m. Each selected startup receives $50,000 in investment, as well as the opportunity to be mentored by both CMU faculty and alumni.
The fund is administered by the university’s Centre for Innovation and Entrepreneurship,…
