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VCU Engineering researchers are working to make clean energy easier and cheaper

Lane Carasik, Ph.D., assistant professor in VCU’s Department of Mechanical and Nuclear Engineering, is developing methods to make clean energy more cost-effective. He’s motivated by a simple principle. “The cheaper we make renewable and clean energy, the easier it is to implement it,” he said. With $100,000 in seed funding from the Jeffress Trust Awards Program, Carasik and his Fluids in Advanced Systems and Technology (FAST) research group are designing efficient, low-cost enhancements to equipment used in solar, nuclear and geothermal energy systems. Jeffress Trust awards support high-impact, one-year projects that integrate computational and quantitative scientific methodologies across a broad range of scientific disciplines. These energy systems use heat exchangers, which take energy from heat generation components and convert it to electricity. Heat exchangers usually comprise two working substances such as water, steam or air separated by tubes or plates. The FAST research group is optimizing a specialty insert that can be placed inside a heat exchanger’s tubes to improve performance. To visualize the insert’s form, imagine holding a piece of metal tape in both hands and gently twisting it. See the FAST Lab and examples of the heat transfer enhancements being designed there. “A liquid running through a tube is relatively undisrupted by the geometry of the tube or the shape of the fluid,” Carasik said. “But this twisted tape component spins the fluid. This increases turbulence, which increases heat transfer.” While “twisted tape” inserts are already in use in some advanced energy systems, the process of fabricating them has been limited by mechanical constraints. Typically, the inserts are placed inside a tube and tack welded at either end. But because of the metal’s limited tensile strength, these inserts can only be twisted a little before they break down and cause manufacturing defects. 3D printing, on the other hand, allows for a more complex — and effective — insert that can be used to characterize heat transfer performance. “With additive manufacturing, you can actually print tighter, ‘twistier’ versions of them,” Carasik said. “You can also add your own intentional defects to find out how to make the heat transfer better and improve the performance of the whole system.” Each geometric form the research group prints and tests starts with a world of calculations: thermal-hydraulics design calculations, solid geometry, material properties and more. From there, components are computer-designed, then printed in the Mechanical and Nuclear Engineering Innovation Lab. Finally, they are tested in the FAST research group’s Modular Separation Effects Testing Facility (MSEFT), a scaled testing loop that emulates the operating conditions experienced by these components. Undergraduates — even first-year students — participate in each step of the process, alongside Carasik, postdoctoral research associate Cody Wiggins, Ph.D., and doctoral student Arturo Cabral. “I really like getting students into research early on, Carasik said. “By the time they’re three years in, they’re working at a level I would expect from bachelor’s level engineers in industry.” Senior Meryem Murphy was curious about undergraduate research but had never really participated. “One day, I was arguing with Arturo about something and Dr. Carasik said, ‘If you’re like this all the time, you should work for the lab.’” She took him up on it and spent her junior year working on an MSEFT redesign and running an experiment to see if 3D-prototyped concepts can be replicated with test metals. Over the summer, Murphy interned with Atomic Alchemy, a medical radioisotope startup in Boise, Idaho. She said the position built on the hard, and soft, skills she gained in the lab. “Sometimes in class, you’re required to collaborate,” she said. “But in research, it’s just ‘what you do’ to get it done.” Rising sophomore Ryan McGuire is also looking forward to starting his second year in the lab. During his freshman year, McGuire helped develop a 3D printing technology to duplicate sequences of 3D-printed parts for the FAST research group. It’s called Retrospective Additive Manufacturing Sequencing — RAMS for short. McGuire said the thrill of solving problems in the lab has made him reassess his own goals. “When I was younger, I wanted to be [famous],” he said. “But now I no longer want to be famous. Research seems like more fun.” Upon hearing about McGuire’s change in priorities, Carasik said, “Researchers can be famous too, and for good reason.”

Facebook Buys Startup Building Neural Monitoring Armband

Facebook has talked a lot about working on a non-invasive brain input device that can make things like text entry possible just by thinking. So far, most of the company’s progress on that project appears to be taking the form of university research that they’ve funded.  With this acquisition, the company appears to be working more closely with technology that could one day be productized. Circuit Seed for continuous analog signal processing and Corelogika for discrete digital logic could greatly enhance the success of commercialization of Armband. These are building blocks to build low power high performance circuits that result in products that are smaller, very low power consumption, increased sensitivity and accuracy and they are insensitive to process variation and temperature that are challenges for other devices. Since they use standard CMOS digital processes with no extensions, the designs are less complex, fewer bill of materials resulting in lower cost, higher yields and better margins. For more information, please contact: Lesley Gent Director Client Relations, InventionShare™ lgent@InventionShare.com (613) 225-7236, Ext 131 Or visit our website at www.CircuitSeed.com

New book reveals how to successfully navigate the uncertainties that sink most startups

INDIANAPOLIS – Research shows that the majority of startups fail. Even more never get off the ground. So how do you avoid the pitfalls that come with navigating the uncertainties of a startup?   A new book entitled The Titanic Effect: Successfully Navigating the Uncertainties that Sink Most Startups, guides early-stage startups and their supporters through the challenges they will encounter as they begin building their venture. Startups are inherently uncertain. Decisions have to be made with incomplete information. These decisions result in unanticipated consequences –- problems that lurk beneath the surface.   The book draws on lessons learned from the Titanic, which sunk in 1912 not only because it hit an iceberg, but because of a number of decisions that interacted to create one of the largest maritime disasters. A series of trade-offs and choices in the design, building and operating of the Titanic magnified the catastrophic consequences.   Co-authors M. Kim Saxton, clinical professor of marketing at the IU Kelley School of Business, Todd Saxton, associate professor of entrepreneurship and strategy at the IU Kelley School of Business, along with serial entrepreneur Michael Cloran, who has founded multiple startups, leverage decades of startup experience to reveal the often-overlooked human, marketing and technical “hidden debts” that sink startups, while drawing parallels to little known parts of the original Titanic story. “The idea for this book came from a conversation about ‘technical debt,’ often used in a software development context, in which shortcuts taken early in a startup’s life limit potential later,” said Todd Saxton. “But this challenge isn’t unique to product development; it applies to other domains as well. That led us to broaden the idea to a more holistic one—That we call in our book ‘hidden debt,’ or debts that are beneath the surface but can limit growth or sink even the most promising startup.” “Most books about entrepreneurship and startups are ‘how-to’s,’ detailing all the things you have to do to succeed when creating your own venture. Our book tells you what not to do, and it shows you how to identify the potential issues that could keep you from being successful,” said Michael Cloran.   The Titanic Effect explains that taking on these hidden debts is inevitable, but startups must be careful to recognize that debt and take steps to mitigate the risks. “Over our more than 20 years of working with student, alumni and venture community startups—and helping launch and investing in them as well--we have seen the same patterns of mistakes repeated over and over again,” explained Kim Saxton. “We made a list of the most common startup mistakes, and that’s the main focus of this book. Our goal is to bring these so-called ‘icebergs’—or ‘debt-bergs,’ as we call them—out of hiding. Debt is not necessarily bad as long as you recognize, measure and manage it.”   “Entrepreneurs make a lot of decisions under uncertainty, and often, they don’t fully understand the consequences of those decisions,” Saxton added. “Each decision has the potential to either enable – or hamper – future potential. At best, the wrong decision could limit how the startup can grow. At worst, it could cause ventures to sink.” The Titanic Effect is available as an e-book and will be available June 2019 in print. For more information, head to the book’s website here.

Expert: Why do entrepreneurs fail? They choose the wrong idea.

The importance of having a sound business idea for a startup is essential, but identifying the ideas most likely to go from concept to venture is challenging. Statistics show that about 34 percent of startups fail within the first two years and 56% within the first four years. Most failures are due, in part, to the pursuit of ideas that are poorly selected and/or tested. “Inexperienced entrepreneurs have improved odds of succeeding over the long run if their first idea is sound,” says Dan Cohen, director of Wake Forest University’s Center for Entrepreneurship. “A key to that success is to generate 100 ideas and then evaluate and select the best one. That first win builds confidence for the next.” - Dan Cohen Cohen’s new teaching method, IDEATE, has been proven to help develop higher-quality, more innovative ideas. He is available to discuss ways fledgling entrepreneurs can refine their ideas — from product or service development to customer testing to securing investors to marketing and sales. He can also discuss why starting a business is easier today than it has ever been and what characteristics people share who are drawn to opportunities, innovation and entrepreneurship. Dan Cohen and Wake Forest’s Center for Entrepreneurship were prominently featured in the Winston-Salem Journal’s Business & Innovation section Spotting valuable ideas. IDEATE was one of four finalists for the 2018 Excellence in Entrepreneurship Teaching and Pedagogical Innovation Award from the Global Consortium of Entrepreneurship Centers — winning recognition from among more than 100 submissions. Most recently, Wake Forest University was a finalist for the Model Emerging Entrepreneurship Program Award at the United States Association for Small Business and Entrepreneurship (USASBE) Conference focused on entrepreneurship education. Broadcast Television and Radio Studio Information Wake Forest operates a fully-equipped, professional television and radio studio to connect experts with global news media. Video interviews can be coordinated through LTN Global Communications’ Smartcloud IP video transport service that provides regular high-quality video transport connections to most major broadcast networks. Audio interviews are coordinated through ipDTL, an IP codec used for remote radio broadcasts as well as voice-overs. ipDTL replaces classic ISDN audio codecs and has backward compatibility. Details available here.

Kelley School expert explains changing market conditions leading up to GM announcement

General Motors on Nov. 26 announced plans to close five manufacturing sites and consolidate production in North America and eliminate an estimated 14,000 white collar and blue-collar jobs. Rodney Parker, associate professor of operations management at Indiana University’s Kelley School of Business, said the announcement reflects several new realities for GM.   “First, it reflects the ongoing shift of consumers preferences from cars to SUVS and pickups. The announcement to discontinue several cars models and focus more on trucks mirrors Ford’s announcement in April 2018 to drop all car models other than the Mustang and Focus to concentrate on trucks. SUVs and pickups are more profitable and they are what consumers want.    “Consequently, GM has numerous plants which are under-utilized but still incur substantial fixed costs, resulting in losses. The plant closures are necessary for the whole company to remain profitable and competitive with rivals which are making similar moves.   “Second, despite 2017 being a very good year for GM (record operating profit, sold over 10 million vehicles), sales in China can be credited for much of that success. The recent growth in the Chinese vehicle market has benefitted GM greatly and compensates for slower growth in the US domestic market. But the sales in China will necessarily be serviced by plants in China or nearby, rather than plants in the US. Also, the shift in production to more SUVs and pickups in the US plants caters to domestic tastes, not those in China.   “Third, the substantial savings accrued from these closures will be necessary for future investments in autonomous vehicles (AVs) and electric vehicles (EVs) and hybrids. In 2016, GM wisely bought Cruise Automation, an AV startup in San Francisco, and has leapfrogged a number of auto rivals in this critical area. However, further development in AVs will require considerable investment by GM in order to keep pace with Google’s Waymo unit, with the possibility of launching their own ride-sharing service in the future.    “Predictions for the automobile industry frequently suggest a shift from exclusively selling vehicles to also ‘selling miles,’ where the manufacturers are providing transportation services, through a combination of per usage fee or subscription. The economic argument for the usage of AVs in ride-sharing services is compelling and GM wants a part of this. At least part of the current plant closures are being done with an eye to the future and the big down payment GM needs to make in AVs.”   Parker, who also is the Fettig/Whirlpool Faculty Fellow at Kelley, can be reached at 812-855-3329 or rodp@indiana.edu.

Financial Post: A home away from home for Canadian entrepreneurs in the Valley

When Lindsey Goodchild travels to Silicon Valley, she needs a place to park her laptop and get some work done. So when she lands in San Francisco, Goodchild, co-founder of Toronto-based startup Nudge Rewards, she heads for San Francisco-based Canada House, a home away from home created just for Canadian entrepreneurs. Source:

Globe and Mail: After raising $17-million, Toronto fintech firm eyes global expansion

Sensibill Inc., a Toronto-based startup that offers digital receipt technology for banks, has raised $17.3-million to supercharge its global expansion and dig deeper into artificial intelligence. Source: