This week we welcome the next class of passionate entrepreneurs to AlphaLab for the start of the next session of our program. With that in mind, we take a look back at the most recent Demo Day with a few pictures of the event.

AlphaLab’s Demo Day is the opportunity for our “graduating” AlphaLab companies to present to an audience of investors, potential partners, and other key individuals from across the country. Attendance was standing-room only and the companies all did a great job with their presentations, continuing to raise the bar for the next AlphaLab class.

Innovation Works President and CEO Rich Lunak welcomes the audience with some opening remarks.

John Ganotis of DeviceKnit

Rodrigo Carvalho from Black Locus

Karen Anderson of 80 Degrees West Interior Design

Don Charlton, founder of The Resumator (far right)

The Shoefitr team (who also was featured on CNET.com’s Web Crawler Blog)

Derek Wahila, along with Regina Parundik and David Wells, from Photo Synesi

Startup Pittsburgh provides a round-up of the event on their blog as well.

(photo by Matt Bulvony / Pittsburgh Business Times)

iTwixie was recently profiled in an article that appeared on Portfolio.com, where founder Rebecca Gaynier tells the story of why she wanted to start iTwixie as well as the exciting things that are currently going on with the company.

Read more about this Winter/Spring 2009 AlphaLab alumnus over at portfolio.com!

Congratulations go out to our friends at ModCloth, who have secured the biggest raise in the Pittsburgh area so far in 2010 for the amount of $19.8 million.

CEO Eric Koger has spoken to AlphaLab participants on several occasions: sharing his experiences in starting the company as well as technical and business strategies that helped make them a leading online clothing destination.

You can find more information about the investment as well as Eric’s comments in the Pittsburgh Business Times article online.

ModCloth is an Innovation Works portfolio company and arguably the fastest growing startup in Pittsburgh – increasing its headcount by five times in two years to 138. The company sells retro and vintage clothing from independent designers.

Congratulations again to Eric, Susan, and the entire ModCloth team!