Cintrifuse serves as model to spur Pittsburgh business collaboration
A Pittsburgh awards ceremony that honors corporations for their work with startups looked to local incubator Cintrifuse as a model for connecting companies large and small.
Pittsburgh-based business professional Kit Needham relied on advice from Cintrifuse’s Eric Weismann in creating an awards ceremony to encourage interaction between corporations and startups.
The ceremony took place last week and honored Giant Eagle grocers for its utilization of human resource and management apps created by Pittsburgh startups.
“Even though we may not want to admit it during football season, we’re fighting the same fight,” Weissman says of the burgeoning Cincinnati-Pittsburgh entrepreneurial connection.
Needham took a cue from a Cintrifuse model that has influenced at least $97.6 million in investment, all through the creation of a syndicate “fund of funds” containing approximately $57 million. This syndicate fund invests in other pools around the U.S., which then invest in Cincinnati startups.
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