These projects usually end in a proof of concept or a demonstration software. Over time, however, members of the center wanted someone to take this research and convert it into an actual product. And for that, you need a company.
Lapira, Siegel and Brown toyed with the idea of commercialization for a while and, with the encouragement and mentorship of Lee founded Predictronics.
Five years and more than 50 projects later, many with Fortune 500 companies, Predictronics has made a name for itself in the manufacturing sector and beyond. The company has expanded into transportation, energy and industrial equipment.
What’s stayed consistent is its relationship with UC.
“The connections to UC have been very helpful,” said Siegel, chief technology officer. “For us, UC is the ultimate resource for finding new talent, from the IMS Center to other university programs.”
This relationship with UC is a two-way street. Predictronics gets talent, and UC students and graduates get experience on the ground floor of a startup. Predictronics has hired students for cooperative education (co-op), as well as full-time and part-time, positions.
“The great thing about the UC co-op program is that students already have some experience to bring to the table,” said Siegel. “They’re equipped with the knowledge and talent to hit the ground running.”