Information Technology (70)
Fontus Blue
Fontus Blue has a cloud-based decision software that helps water treatment plants optimize their use of treatment chemicals and processes, resulting in exceptional water quality with reduced operating costs.
Today, treatment plant operators don’t have a way to quickly and reliably tell how changing the amount of one chemical will affect the need for other chemicals. So they often use more treatment chemicals than necessary. Decision Blue® is a patent-pending software using real-world data collected at water treatment plants, unique measures developed at the University of Akron, and advanced multi-component optimization mathematics to quickly evaluate millions of possible combinations of treatment chemical dosage levels and search for cost-effective solutions. The company already has customers in six states and Canada using its platform
Fontus Blue is housed in the Akron Global Business Accelerator (Akron, OH).
Website: https://fontusblue.com/
Folio Photonics
Folio Photonics is developing an optical data storage disc with two Terabyte capacity manufactured using a highly scalable, low-cost method. Data storage is a nearly $30 billion market utilizing primarily magnetic storage technologies such as hard drive disks (HDD) and magnetic tapes (MT), which are costly, power-intensive, and short-lived. Optical data storage, on the other hand, is known as an inexpensive, energy-friendly, long-term storage solution. However, progress in optical disc storage capacity has limited its market share.
Folio Photonics’ technology is based on a multi-layer disc produced by polymer co-extrusion, a manufacturing method used primarily for food packaging. This manufacturing method produces data storage films with dozens to thousands of layers with almost no marginal cost per layer. These films can then be cut and laminated to disc substrates for a highly competitive manufacturing cost that provides the opportunity for large margins in comparison with HDD and MT. The use of fluorescence-based physical-multilayer disc architecture allows the use of inexpensive read/write hardware.
Folio Photonics is a start-up company spun-off from the Center for Layered Polymeric Systems, a National Science Foundation funded Science and Technology Center.
Website: https://foliophotonics.com/
Flutter Social
Flutter Social is changing the way people find and vet the multiple businesses needed to host major social and corporate events. We believe nothing beats a trusted recommendation, so Flutter Social taps into users’ connections to make personalized recommendations based on the best local businesses for them. Our smart matchmaking algorithm considers a user’s preferences, behaviors and connections to help them build their event #dreamteam of businesses.
Finding the multiple businesses needed to plan and produce major social/corporate events is overwhelming, time consuming, and loaded with uncertainty. Event professionals spend upwards of 10% of revenues on to connect with consumers online but those connections aren’t converting into booked business. Flutter Social’s smart matchmaking algorithm delivers on-demand personalized recommendations to help consumers build their full event team in one place. Flutter Social taps into the networks of local professionals and their past clients to see which businesses fit a user’s criteria and have prior experience working together. Our network driven approach allows us to deliver highly personalized recommendations that are likely to result in a transaction.
The US Events industry is massive, at $350B. Considering the 607k US event businesses, Flutter’s Total Available Market is $1B based on our average annual subscription that event professionals pay to appear in matches with event hosts. The platform is free for event hosts to discover the best local businesses for them and build their event team online.
Flutter Social is currently available for couples planning a wedding in Northeast Ohio and Greater Philadelphia. We plan to expand into all major events (i.e. mitzvahs, non-profits, corporate, etc.) across the US.
Website: https://fluttersocial.com/
FarmFare
Farm Fare is a supply chain technology company revolutionizing the way we grow and distribute food. Their B to B software and data analytics platform allows regional food hubs to work together to lower costs and increase sales, all driven by real-time market data.
This approach is a new model for regional food supply chains in which family farms and food hubs can capture market share from large-scale farms by working together as a network of collaborators rather than competitors. Together, we can transition our food supply chain from the vertically integrated hub-and-spoke model designed by and for large agribusiness to a more efficient regional system that works for farmers, communities and planet. While the software gives food hubs robust tools to manage their business operations and sales, Farm Fare employs a shared, region-wide sales and distribution strategy that for the first time can meet the needs of institutional-scale buyers. Over time, this transactional platform generates powerful production planning data — information that has allowed the industrial food system to grow for decades but is currently unavailable within our highly fractured regional food systems. When regional foodsheds strategically collaborate to gain efficiencies, we call this “economies of collaboration,” and it can compete with economies of scale.
Farm Fare understands that as a climate threat looms and family farms face increasing pressures to exit the market, technology is the key to a new and lasting future for agriculture: A future driven by data that helps family farms increase efficiency on their own land that they manage responsibility, while helping consumers of all sizes access fresh, traceable products via local supply chains affordability and consistently.
Everykey
Everykey is the wristband that replaces keys and passwords. The stylish wristband utilizes military grade encryption to grant access to key and password enabled devices. Everykey also manages a password keychain for automatic login to websites.
The company received a $25,000 Innovation Fund A award in June 2013 and a $100,000 Innovation Fund B award in February 2015.
Website: everykey.com
Event 38
Formed in 2011, Event 38 designs and manufactures drones (unmanned aerial systems), specialized optical sensors, and a precision analytics data platform for small and medium sized businesses. The company has customers in 49 countries using its products for agriculture, surveying, construction, environmental preservation, and other applications.
The company received a $25,000 Innovation Fund award in December 2014. The funding will be used to assist in the development of a cloud based drone data management program.
Website: https://event38.com/
ERIS Medical Technologies
ERIS Medical Technologies offers comprehensive and automated solutions that quickly and efficiently identify missing and noncompliant charges for health care providers.
All of our products are driven by a proprietary rules logic engine that boasts over 375,000 algorithms with code pairing capability and clinical leading practice guidelines. This logic is used to identify problem patient bills either prospectively (before the claim is created) or retrospectively (after the claim has been submitted to the payer).
ERIS' comprehensive charge-capture solutions have been industry proven and typically improve healthcare provider’s net patient revenue by 1-7% and improve a provider's revenue cycle operational efficiency by up to 70%.
We provide a superior and quantifiable value proposition with products that deliver immediate financial ROI with relatively no capital expenditure to the customer.
Enyx Studios
Enyx Studios is shaping the future of interactive storytelling using virtual reality. The company was founded in 2015 by Don Hileman and is a video game development studio focused on creating interactive experiences for gamers using technologies such as virtual reality. Enyx Studios is a YBI portfolio company and has an office in Youngstown, OH.
With the gaming industry continuously growing year after year and with the upcoming release of virtual reality headsets, Enyx Studios founder Don Hileman saw an opportunity and applied to become an Approved Developer for both Xbox and PlayStation. After being accepted into both developer program, Enyx began developing an interactive, immersive experience for PlayStation VR. After reviewing the game concept, PlayStation not only approved it but also has been working with Enyx Studios to ensure the success of Enyx's upcoming virtual reality game "A Haunting: Witching Hour". Enyx Studios plans on releasing "A Haunting: Witching Hour" this fall for the PlayStation 4.
The company received a $25,000 Innovation Fund A award in February 2016.
website: enyxstudios.com
EFuneral
Welcome to eFuneral– your online funeral planner. As the only website that enables families in need of funeral services to quickly find and compare local funeral providers, we make it easy for undecided families to choose the funeral home that best meets their needs.
With eFuneral, you can compare funeral homes based on location, price, service options, and even service quality. There is no cost or obligation associated with eFuneral’s service, and we keep your personal information confidential until you’ve chosen the funeral home that works best for you. We put you in control of the funeral planning process, and we’re with you every step of the way.
Website: http://efuneral.com/
Echo Investing
Echo is a financial technology company that empowers users to make the best investment decisions possible.
Today, there are over 90 million Millennials who control more than $2 trillion in wealth. By 2020, that number is expected to grow to $7 trillion, and by 2025 they will make up nearly half of total U.S. income. In aggregate, the investment industry is even larger, with just the mutual fund industry in the U.S. totaling $17 trillion in AUM and total global assets amounting to more than $71 trillion. Seeing the radical, transformative changes that technology can bring to other industries, entrepreneurs began experimenting with robo-advisors; apps and websites dedicated to empowering individuals (mostly Millennials who have a preference for said changes) when it comes to their own finances. The results thus far have been extraordinary. The largest player by valuation, Robinhood, is worth $1.3 billion, while the largest by AUM, Wealthfront, has $7 billion.
Echo Investing is the next step in the evolution of this industry. Its platform is an app that allows users to trade shares of publicly-traded securities commission-free. The company's minimum viable product (MVP) is complete, with all major functionalities built into it, including our keystone real-time portfolio synchronization. Real-time stock prices can be looked up on the platform, the sale and purchase of these can be made (paper trades but cash trades would be achievable with minimal effort), two iterations of echoing strategies can be implemented, and users can see the bios and portfolios of other users on the platform.
Website: https://www.echo.investments/
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