05.16.16
PARC, A Xerox Company, announced its partnership with Alchemist Accelerator. The two companies have worked with a number of startups including Zycada, Litmus Automation, Doxel and FunnelBeam Inc., among others.
Having recently housed his company within PARC, Subbu Varadarajan, Zycada Networks CEO and founder, said, “It was bittersweet to move out of PARC - a very special place I looked up to when I was in engineering school. PARC was near and dear to the technology problem we were solving.”
This partnership demonstrates PARC’s commitment to the startup community and the critical role the startup community plays within the development and extension of PARC’s innovation ecosystem.
“PARC offers our startups something no other technology company can offer,” said Ravi Belani, founder and managing director of Alchemist. “Not only can PARC’s researchers help with technology problems in networking, big data analytics, sensors and other technologies, but they also offer expertise in bringing new technology innovations into commercial markets. People don’t even realize that PARC-invented technologies power the entire Silicon Valley as we know it today.”
In addition to funding, the success of startups depends on the integration of hands-on mentoring, customer interaction and VC visibility. In order to provide world-class coaching to startups in the program and effectively engage the broader community in nurturing businesses, PARC is hosting the Alchemist Class 12 Demo Day on May 19, 2016.
“It makes perfect sense that PARC would want to work with startups to help them get a leg up in the industry,” said PARC CEO Stephen Hoover. “At PARC, we’re constantly finding new ways to solve problems in a variety of industries, using a variety of technologies. Startups can learn from our researchers in that way. But, we also learn from startups who focus on problems relentlessly and find ways to solve technology problems, and as they struggle to find customers, secure funding, determine commercial viability, not to mention all the other ingredients that go into making a startup successful.”
Since its inception, PARC has pioneered countless technological innovations – from Ethernet and laser printing to digital X-rays and blue lasers – and has enabled the creation of many businesses and industries. Today, PARC is accelerating the fortunes of both startups and larger corporations through innovation by providing deep technology expertise, leveraging existing technology and IP assets, and by applying PARC’s internal infrastructure and innovation ecosystem for rapid prototyping and development.
Having recently housed his company within PARC, Subbu Varadarajan, Zycada Networks CEO and founder, said, “It was bittersweet to move out of PARC - a very special place I looked up to when I was in engineering school. PARC was near and dear to the technology problem we were solving.”
This partnership demonstrates PARC’s commitment to the startup community and the critical role the startup community plays within the development and extension of PARC’s innovation ecosystem.
“PARC offers our startups something no other technology company can offer,” said Ravi Belani, founder and managing director of Alchemist. “Not only can PARC’s researchers help with technology problems in networking, big data analytics, sensors and other technologies, but they also offer expertise in bringing new technology innovations into commercial markets. People don’t even realize that PARC-invented technologies power the entire Silicon Valley as we know it today.”
In addition to funding, the success of startups depends on the integration of hands-on mentoring, customer interaction and VC visibility. In order to provide world-class coaching to startups in the program and effectively engage the broader community in nurturing businesses, PARC is hosting the Alchemist Class 12 Demo Day on May 19, 2016.
“It makes perfect sense that PARC would want to work with startups to help them get a leg up in the industry,” said PARC CEO Stephen Hoover. “At PARC, we’re constantly finding new ways to solve problems in a variety of industries, using a variety of technologies. Startups can learn from our researchers in that way. But, we also learn from startups who focus on problems relentlessly and find ways to solve technology problems, and as they struggle to find customers, secure funding, determine commercial viability, not to mention all the other ingredients that go into making a startup successful.”
Since its inception, PARC has pioneered countless technological innovations – from Ethernet and laser printing to digital X-rays and blue lasers – and has enabled the creation of many businesses and industries. Today, PARC is accelerating the fortunes of both startups and larger corporations through innovation by providing deep technology expertise, leveraging existing technology and IP assets, and by applying PARC’s internal infrastructure and innovation ecosystem for rapid prototyping and development.