Pittsburgh, PA -- (SBWIRE) -- 04/19/2013 -- Innovation Works is the single largest investor in seed-stage companies in Southwestern Pennsylvania and one of the most active in the country. Innovation Works plays a vital role in this region’s technology economy. They invest capital, business expertise and other resources into high-potential companies with the greatest likelihood for regional economic impact. Rich Lunak, President and CEO, leads the organization’s efforts to provide business expertise, seed capital and other resources to high-potential, technology start-up companies in Pittsburgh.
Lunak wrote in a recent blog, “Long before I was President and CEO of IW, I was a roboticist and entrepreneur. I spent many late nights redesigning portions of our pharmacy robots including end-of-arm toolings, drive mechanics and other components. In order to complete a prototype of a new design, we were forced to use makeshift equipment in our lab or coax a local machine shop owner to prioritize our small orders to meet a critical timeline. It wasn’t the most efficient use of my time, but there were no other options for a cash-strapped, early-stage entrepreneur desperate to meet a deadline.” He included reference to Seegrid and its importance in this fast-growing Pittsburgh innovation sector.
Founded in 2003, based in Pittsburgh, Pennsylvania, Seegrid Corporation (http://www.seegrid.com) brings robotic vision-guided technology to the material handling industry. With more than thirty years of innovation and research by leading robotic scientists, engineers, programmers and logistics practitioners worldwide, Seegrid’s exclusive Robotic Industrial Trucks are revolutionizing the movement of materials in manufacturing and distribution environments. Seegrid’s technology transforms industrial vehicles into unmanned, automated pallet trucks and tow tractors that operate without the need for wire, tape, laser, magnet or other costly automated guided vehicle (AGV) guidance systems. Seegrid offers solutions that optimize workflow processes by increasing productivity and reducing costs, creating economic and operational advantages. Fast Company named Seegrid as one of the Top 50 World’s Most Innovative Company in 2013 and among the Top 10 World’s Most Innovative Robotics Company in 2013. Follow Seegrid Corporation on Twitter at @Seegrid.