Randy Eager

Randy Eager Email and Phone Number

Entrepreneur-in-Residence CleanTech @ LG Electronics North America
Pittsburgh, PA, US
Randy Eager's Location
Pittsburgh, Pennsylvania, United States, United States
Randy Eager's Contact Details
About Randy Eager

Dedicating the 2nd half of my career to start-ups in a wide range of roles, mostly in the B2B space, I quickly realized that my passion is entrepreneurship and early-stage companies. My early years were spent at BASF, the worlds largest chemical company, building a new business unit for a new material. As a serial entrepreneur, I began this journey 25 years ago filling patents, licensing technology, and assisting spin-off companies at the Technology Transfer Office at Carnegie Mellon. Founding and growing organizations as CEO, generating millions in revenue, and successfully exiting would not have been possible without the help and mentorship I received as an entrepreneur. Knowing the value and need for coaching, I founded Aqualibrium, a consulting practice that helps early stage B to B companies. More recently, I Co-Founded my 7th company, SilisiumTech Inc., another Carnegie Mellon University spinoff where we are rebuilding the US solar industry by producing silicon wafers on a continual basis (replacing the current batch process) which reduces costs and greenhouse gas emissions by half.In addition to my work as a CEO, I am active in the Pittsburgh startup community by donating my time as an EIR at Carnegie Mellon, Directing Founder Institute Pittsburgh, and by siting on the TiE board of directors. When i'm not working I am with my family sailing, golfing, and cycling.

Randy Eager's Current Company Details
LG Electronics North America

Lg Electronics North America

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Entrepreneur-in-Residence CleanTech
Pittsburgh, PA, US
Website:
lg.com
Employees:
61860
Randy Eager Work Experience Details
  • Lg Electronics North America
    Entrepreneur-In-Residence Cleantech
    Lg Electronics North America
    Pittsburgh, Pa, Us
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  • Silisiumtech
    Co-Founder, Chief Executive Officer
    Silisiumtech Jun 2022 - Present
    Today, the global market for Silicon wafers for the solar industry (2022) is about $40B and projected to grow at better than 15% CAGR and accounts for about 50% of the complete solar module cost. Our team at Carnegie Mellon University (CMU) developed a continuous process to make thin sheets of monocrystalline silicon at low cost – this new innovative process will reduce the cost of Silicon based solar electricity by a factor of two. Such sheets can be used for both solar and micro-electronics applications. The process distinguishes itself from current technology by replacing several costly and time-consuming batch process steps with a single continuous process. Our product can feed the cell and module manufacturing facilities directly leading to a highly efficient supply suitable for automation and implementation in the US. SilisiumTech has an exclusive license to commercialize the technology from CMU and patent applications have been filed to protect our differentiating technology. By the way Silisium is Norwegian for Silicon
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  • Chement
    Co-Founder, Board Member, And Advisor
    Chement Aug 2020 - Present
    Chement https://www.chement.co is a Carnegie Mellon University spin off that is developing the technology to produce cement without any carbon emissions. Right out of the gate, we received a grant of $1.25M from Breakthrough Energy https://www.breakthroughenergy.org (founded by Bill Gates) and recently closed on a $1M pre-seed round, led by Starlight Ventures https://starlight.vc.Within the entire supply chain of concrete and cement, the vast majority of emissions can be pinned to the pre-calciner and rotary kiln of a cement plant. We are working to replace these two pieces of equipment with an electrochemical reactor that takes the same raw materials and produces the same product without any carbon emissions.The manufacture of cement produces about 0.9 pounds of CO2 for every pound of cement. Since cement is only a fraction of the constituents in concrete, manufacturing a cubic yard of concrete (about 3900 lbs.) is responsible for emitting about 400 lbs. of CO2. In 2016, world cement production generated around 2.2 billion tons of CO2 - equivalent to 8% of the global total. More than half of that came from the calcination process.
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  • Estat Actuation
    Co-Founder, Board Member, And Advisor
    Estat Actuation May 2019 - Present
    Pittsburgh, Pa, Us
    ESTAT is a Carnegie Mellon University spinoff. Our new electroadhesive clutch technology provides engineers with powerful actuation hardware that makes their robot or machine more dynamic, capable, and affordable by reducing the weight, size, and cost of actuation https://estat.tech/.
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  • Aqualibrium Llc
    Founder And Managing Partner
    Aqualibrium Llc Jul 2016 - Present
    Aqualibrium is my startup/coaching practice, I add value to organizations of all sizes thanks to 30+ years of successful start-up CEO, product commercialization, sales, operations, and management experience in a wide range of companies and industries. Some of my projects include interim CEO, interim VP Sales and Marketing, LVP of Licensing, and strategic product commercialization. I have the most fun working customer development projects that enable companies to refine current product market fit as well as locating the best possible problem for the development of new products. Some of the other activities include mentoring/coaching early-stage CEOs in formal and informal settings. One interim CEO position was with Airviz https://www.airvizinc.com/, a Carnegie Mellon University spinoff and a Smart City company focused on assisting towns and cities all over the world in integrating diverse installed sensor base to better understand and communicate their Air Quality.
  • Carnegie Mellon University
    Entrepreneur In Residence
    Carnegie Mellon University Aug 2018 - Present
    Pittsburgh, Pa, Us
    This part time consulting project is with Project Olympus. Project Olympus is a startup incubator program within Carnegie Mellon's Swartz Center for Entrepreneurship Program that encourages and supports entrepreneurship on campus. It helps faculty, students, and staff turn their cutting-edge research and great ideas into startups.We provide startup advice, micro-grants, incubator space, and connections for faculty and students across campus and with the wider regional, national, and global business communities. For more info: https://www.cmu.edu/swartz-center-for-entrepreneurship/education-and-resources/project-olympus/
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  • Founder Institute
    Founder And Managing Director
    Founder Institute Aug 2017 - Jan 2024
    Palo Alto, Ca, Us
    The Founder Institute provides a proven, structured program that will push Founders to make years of progress on your business in just 3.5 months. Plus, sessions are held at night, so you can keep your day job. Founder Institute Mentors are vested in your success so, they are extremely helpful. Plus, our Mentors are almost exclusively Founders and CEOs with experience building or leading fast-growth tech companies.The Pittsburgh chapter includes mentors, partners and sponsors. The partners include Innovation Works, AlphaLab, AlphaLab Gear, BlueTree Capital, Pittsburgh Life Sciences Greenhouse, Next Act Fund, Coal Hill Ventures, Pittsburgh Tech Council, and OneValley. We also have a team of 100+ seasoned mentors to help make these founders a success including Ilana Dimond, Andy Hannah, Ted Teal, Don Morrison, Bob Delach, Nick Kuhn, Sana Gaspard, Catherine Mott, Kit Needham, Luke Skurman, and others. All the events are held in OneValley's very cool space in Pittsburgh. https://fi.co
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  • Restec Solutions Llc
    Co-Founder And Advisor
    Restec Solutions Llc Jan 2019 - Jun 2022
    ResTec Solutions is a medical device company focused on eliminating infections that are contracted in healthcare systems. Every year, 4 million Americans will contract an infection while they are engaged with the U.S. healthcare system and 400,000 of them will die. Why is it so hard to kill germs? It’s hard because we rely on people to do it. People miss spots, fail to follow directions, or the devices have so many surfaces or buttons that it’s hopeless for someone to disinfect them all. So you end up with 52% of devices still contaminated after being disinfected with disinfecting wipes. 53% of surfaces still contaminated with bacteria after disinfection with UV light. And 27% of hospital rooms still contaminated with MRSA after 4 rounds of disinfection with bleach. This kind of performance costs healthcare somewhere in the neighborhood of $35B/yr.We are looking to change all of that. Our first product is intended for reusable medical items that you find everywhere in healthcare, but never being sterilized in central sterile. Items such as patient monitors, patient leads, infusion pumps, stethoscopes we can deliver surface sterilization in less than 5 minutes.
  • Covestro
    Innovation Management
    Covestro Jun 2018 - Dec 2019
    Leverkusen, Nrw, De
    This part time consulting position was located within Covestro’s North American Innovation group and is focused completely on technology commercialization. It is exciting to bring startup philosophies to a mature business enabling new products and services to reach the market more efficiently.Covestro is among the world’s largest polymer companies with over $15B in revenue. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,200 people. Find more information at www.covestro.com.
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  • Shifield Group
    Vp Licensing
    Shifield Group Jun 2017 - Sep 2019
    This was a part time consulting role. Shifield develops drugs for the Chinese market – 80% of the drugs currently available in China are generic, making China the largest opportunity for new drugs in the world. Shifield licenses early stage drug IP and heath care technologies from universities and early stage companies in the US and complete the development in China. We also enjoy co-development projects. We have worked with major investors, venture capital, and pharmaceutical companies across the U.S and Asia to pool together $4B to invest in heath care technologies and early stage drugs. Our customers see out-licensing as an alternative source of revenue to fund R&D and clinical operations.This consulting role is to enable Shifield to locate and successfully license technology from universities or corporations to develop internally.
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  • Touchtown
    Member Board Of Directors
    Touchtown Jan 2018 - Mar 2019
    Nashville, Tn, Us
    Touchtown was purchased by Uniguest https://www.uniguest.com in March of 2019. Continuing as Touchtown, they will serve more than 1,200 senior living communities across North America. These communities rely on Touchtown’s patented technology to strengthen their communities and make it easy to broadcast high impact, multimedia programs and messaging. Today, our mission remains unchanged: to make a difference in the quality of life for hundreds of thousands of seniors and their families, and to provide it in a way that makes business sense for senior living providers. We provide value to our customers by increasing resident engagement, improving operational efficiency, extending marketing reach, and enhancing the quality of life in their communities. Touchtown customers see resident, staff, and family satisfaction improve resulting in increased revenue and profitability for their business.
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  • University Of Pittsburgh Innovation Institute
    Entrepreneur In Residence
    University Of Pittsburgh Innovation Institute Aug 2017 - May 2018
    Pittsburgh, Pa, Us
    In this part time consulting position I was and EIR within the Innovation Institute. Their mission is to create, support and sustain a culture and environment of innovation, commercialization, entrepreneurship and collaboration on-campus and off-campus for the benefit of the University community, its partners, the region and society.This consulting project for the 2017-2018 academic year is to help student entrepreneurs move their ideas forward as efficiently as possible.
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  • Breezie, Inc.
    Chief Operating Officer
    Breezie, Inc. Jul 2016 - Nov 2016
    London, London, Gb
    This was a part time consulting position. Breezie was a venture backed, London-based start-up using cutting edge technology to help older adults access the social, commercial and health benefits of being online. Breezie was acquired by Vital Tech https://www.vitaltech.com/ which collects vitals through integrated BLE medical devices. By creating daily awareness of physiological data, seniors better self-monitor and are able to take action quickly promoting self-care.Breezie is a platform technology that is available directly to consumers and to Continuing Care Retirement Communities where Breezie is the hub of resident services while reporting vital resident behavioral information to families and care givers. Breezie was acquired by VitalTech
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  • Carnegie Mellon University
    Associate Director, Corporate And Institutional Partnerships
    Carnegie Mellon University Jul 2014 - Jul 2016
    Pittsburgh, Pa, Us
    This promoted position allows me to have a larger impact on the overall success of the University by driving the Corporate and Institutional Partnerships for the entire Engineering School at Carnegie Mellon. You might not know that the London Times of Higher Education ranks Carnegie Mellon's Engineering School as the 12th best overall engineering school in the world and the 5th best in the engineering research sub category.
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  • Carnegie Mellon University
    Industry Liaison Officer, Quality Of Life Technology Center (Qolt)
    Carnegie Mellon University Sep 2012 - Jul 2014
    Pittsburgh, Pa, Us
    Summary: Responsible for development, management and execution of the Quality of Life Technology (QoLT) Center's industry/practitioner relations program and all technology commercialization activities.QoLT is a unique partnership between CMU and the University of Pittsburgh, funded by the National Science Foundation. QoLT develops intelligent and adaptive systems that improve quality of life for everyone while enabling older adults and people with disabilities to live more independently. The QoLT Center addresses the needs and activities of everyday living by prototyping personal assistive service robots, cognitive and behavioral virtual coaches, human awareness and safe driver assistance technologies, and health and wellness monitoring and assistance solutions for home or community. QoLT Research is rooted in human-system interaction and observes the social, clinical and policy factors for deployment and adoption. In addition to disruptive R&D, the Center's QoLT Foundry supports the commercialization of new QoLTs by forging unique partnership opportunities and facilitating spin-off / start-up ventures.
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  • Testworksinc
    Board Of Advisors
    Testworksinc Aug 2012 - Jun 2014
    Us
    Test Works is a spin-off of Carnegie Mellon University’s Electrical and Computer Engineering department. It is an EDA (Electronic Design Automation) company that produces software enabling designers and manufacturers of integrated circuits to perform manufacturing failure diagnosis with the ultimate goal of increasing the yield in the manufacturing process.
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  • Testworks, Inc.
    Vice President Strategic Planning
    Testworks, Inc. Apr 2012 - Sep 2012
    Test Works, Inc. is an early stage Carnegie Mellon spin-off focused on the Electronic Design Automation industry. Their expertise is in the testing step of the manufacturing of integrated circuits where they have built a software product to, for the first time, tell the manufactures of integrated circuits exactly where and what type of manufacturing problems exist in individual chips and across large production runs. I formalized the planning process at this faculty led company. Evaluated all external aspects of developing a successful start-up in the EDA test market including meeting with potential customers and completing a market analysis. Developed a strategic plan guiding the company to pursue a profitable $500M market segment with significant product competitive advantages, developed an understanding of the industry and completed a requirements document for the first product and developed a budget and forecast.This consulting project successfully moved the commercialization of the TestWorks product to finding product/market fit through customer discovery and delivered product requirements based on customer identified problems.
  • Atrp Solutions
    Chief Executive Officer And Board Member
    Atrp Solutions Apr 2010 - Mar 2012
    Pittsburgh, Pennsylvania, Us
    ATRP Solutions, Inc. is an innovative specialty polymer company that spun-out of Carnegie Mellon University. Atom transfer radical polymerization (ATRP) is a revolutionary platform technology addressing persistent problems in the broad $20 billion specialty polymer market. The company is focused on designing and manufacturing specialty polymers for the dynamic personal care and cosmetics market. Company was acquired by Pilot Chemical Company.
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  • Innovation Works
    Executive In Residence
    Innovation Works 2006 - Apr 2010
    Pittsburgh, Pa, Us
    For more than 25 years, Innovation Works has played a vital role in Southwestern PA’s technology economy, investing capital, business expertise, and other resources into high-potential companies with the greatest likelihood for regional economic impact. IW is the single largest investor in seed-stage companies in the region. As an Executive in Residence I worked closely with management teams of start-up technology companies to identify and address critical business issues including intellectual property creation and protection, product development, marketing, sales, fundraising, management recruitment, and growth planning. Some of these high potential enterprises become members of the Innovation Works investment portfolio. Provide mentoring, network access, and serve as an observer on the board of directors for portfolio companies.
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  • Designadvance Systems, Inc.
    Co-Founder, Board Member, Chief Executive Officer
    Designadvance Systems, Inc. 2003 - 2006
    Us
    DesignAdvance was a Carnegie Mellon University spin-off company that develops design-synthesis software that drastically reduces the amount of time it takes electrical and mechanical engineers to design products. CircuitSpace, the company’s first commercial product, reduces printed circuit board (PCB) design time by up to 50% by automating the traditionally manual PCB-component-placement task. Company was acquired by its US distributor, EMA Design Automation, Inc.
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  • Carnegie Mellon University
    Licensing Officer
    Carnegie Mellon University 1999 - 2003
    Pittsburgh, Pa, Us
    Carnegie Mellon has emerged as one of the nation’s top private research universities. Its leadership in the interdisciplinary research of science and technology has laid the foundation for a new century of discovery. Carnegie Mellon continually ranks in the top twenty-five universities nationally as a leader in technology commercialization both in its new company formation and licensing efforts. As a Licensing Officer I worked closely with university researchers to design and implement a commercialization strategy for their inventions and maintain high-quality relationships within the Pittsburgh regional business community as well as with leading corporations nationally and internationally.
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  • General Management Technologies
    Consultant
    General Management Technologies 1994 - 1999
    Management consulting firm that specialized in producing strategic plans and in assisting manufacturers transform these plans into common goals for a focused, team oriented, and empowered work force. Achieved through comprehensive enterprise modeling, strategic planning, market studies, and leadership of cross-functional teams which integrate strategy, work process, and culture.
  • Tri Tech Group Inc.
    Vp Sales And Marketing
    Tri Tech Group Inc. 1991 - 1994
    A start-up company that produced large boards of foamed polypropylene used in the fabrication of protective packaging inserts for fragile products. The company developed proprietary processing technology that made for the first time, this material available to the packaging fabricator. As the VP Sales and Marketing and first employee of the company, responsibilities included development and execution of a national sales and marketing strategy that focused on the needs of the packaging fabrication and electronics OEM industries.
  • Basf
    Sales And Marketing Manager, Polyolefin Products
    Basf 1984 - 1991
    Ludwigshafen, De
    International leader in plastics, chemicals, and coatings. As the Sales and Marketing Manager – Polyolefin Products I was fortunately to introduce a new product and drive it to $17.5M in annual revenue. Developed and executed sales and marketing strategies within the plastic materials division. I lived and worked for a year at the company headquarters in Ludwigshafen, Germany. Extensive travel within the US, European, and Japanese markets promoting, selling, and providing engineering and manufacturing support for a new line of foamed polyethylene and polypropylene products.
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Randy Eager Skills

Start Ups Strategy Entrepreneurship Strategic Planning Product Development Strategic Partnerships Management Consulting Leadership Cross Functional Team Leadership Business Development Business Strategy Business Planning Commercialization Product Management Market Research Venture Capital Executive Management Marketing New Business Development Product Marketing Competitive Analysis Marketing Strategy Mergers And Acquisitions Due Diligence Licensing Medical Devices Angel Investing Mergers

Randy Eager Education Details

  • Michigan State University
    Michigan State University
    Packaging Engineering
  • University Of Pittsburgh Katz Graduate School Of Business
    University Of Pittsburgh Katz Graduate School Of Business
    Marketing

Frequently Asked Questions about Randy Eager

What company does Randy Eager work for?

Randy Eager works for Lg Electronics North America

What is Randy Eager's role at the current company?

Randy Eager's current role is Entrepreneur-in-Residence CleanTech.

What is Randy Eager's email address?

Randy Eager's email address is ra****@****ail.com

What schools did Randy Eager attend?

Randy Eager attended Michigan State University, University Of Pittsburgh Katz Graduate School Of Business.

What skills is Randy Eager known for?

Randy Eager has skills like Start Ups, Strategy, Entrepreneurship, Strategic Planning, Product Development, Strategic Partnerships, Management Consulting, Leadership, Cross Functional Team Leadership, Business Development, Business Strategy, Business Planning.

Who are Randy Eager's colleagues?

Randy Eager's colleagues are Heidi H., Gul Sanover, Ali M, Suraj Surve, Zbahis Giriş, Marilen Ruzabel Maiquez, Daianne Moura.

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