Home > Press > From Dreams and Sweat: University of Maryland Announces Finalists for Its $50K Business Plan Competition
For some the dream is now a well-crafted plan. For others, years of research are culminating in a commercial idea. Others are vetting ideas for future products.
From Dreams and Sweat: University of Maryland Announces Finalists for Its $50K Business Plan Competition
COLLEGE PARK, MD | Posted on March 28th, 2007
They're solving problems: how to reduce medical errors, how to dispose of aging satellites.
They're offering cures: a smallpox treatment; rapid, nanotechnology-based wound healing; nanoparticles for better vaccine delivery; and small, wireless, wearable devices to monitor hospital patients' vital signs.
They're teaching: with an educational kit for Microelectromechanical Systems (MEMS) instruction, and a Web 2.0-like online learning community.
The nine finalists for the University of Maryland $50K Business Plan Competition, announced today, will present their business plans to a distinguished judging panel comprised of the region's entrepreneurial and technology leaders on April 27, at the University of Maryland.
The finalists are:
Faculty and Graduate Student Division
* Accelign is a company developing technology that quickly fuses or "registers" medical images from multiple sources to create a single, three-dimensional image. Fusing images through Accelign's hardware accelerator gives doctors the ability, using existing imaging equipment, to see the metabolic activity of positron emission tomography (PET) scans, as well as the high resolution anatomical structure of computed tomography (CT) scans, all in one image—resulting in more accurate diagnoses and pre-operative planning.
* BioFactura Inc. is a biopharmaceutical development company focused on solving unmet medical and national security needs in the infectious disease arena. Key programs include human therapeutics and biomanufacturing technologies. The company's lead initiative is the development of a novel smallpox therapeutic composed of synthetic, fully human antibodies that have been demonstrated to neutralize poxvirus. This program is under development in close collaboration with the U.S. Army Medical Research Institute of Infectious Diseases at Ft. Detrick, Md.
* Remedium Technologies Inc. is a company developing active wound care products. Based on proprietary technology, Remedium utilizes nanometer-sized containers, anchored to a wound dressing, to deliver therapeutic agents to a wound in a time-controlled manner. Those agents can include both tissue regeneration and anti-infection products.
* SD Nanosciences Inc. is a spin-off of the University of Maryland with a proprietary "Triad" technology that has applications in vaccines, cancer diagnostics, and specialty research probes. Triad combines carbohydrates and protein on nanoparticles in a controlled and logical way. SD is developing its platform technology; the company's planned initial products include a vaccine platform, an optical fiber-based diagnostic test, and a biosensor for glycoprotein bioprocessing.
Young Alumni Division
* Aid Networks LLC (AIDN) is a seed stage medical device R&D company developing small, portable, wireless, wearable vital sign monitors for hospital patients. AIDN's patent-pending monitors are 15 times less expensive than existing products. Multicenter clinical trials are currently being conducted at the Washington Hospital Center, Johns Hopkins Hospitals, and Harvard Beth Israel.
* Erudition is a company developing an online learning community dedicated to providing users with the tools to create and share study materials with classmates, as well as give users the opportunity to enroll in interactive online courses.
* Geo-Haul Inc. is developing the Space-Tug, which functions as a tow truck for aging satellites, enabling their proper disposal. The Space-Tug utilizes robotic arm technology developed in the University's Space Systems Laboratory. Geo-Haul's system can dispose of satellites at a fraction of the cost of other solutions offering to comply with U.S. satellite disposal regulations.
Undergraduate Student Division
* IMPACT Education LLC develops low-cost educational kits that university professors can use to teach MEMS fabrication outside of expensive laboratory facilities. While those facilities can cost millions of dollars to build, IMPACT's educational kit will cost $500.
* Medical Error Reduction through Information Technology (MERIT) is a company developing Meritrack, a low-cost, scalable, and flexible total procedural healthcare systems solution that will reduce human error in healthcare and support efficiency in clinical record keeping. Meritrack will integrate mobile computing, RFID tracking, and relational database technologies into existing clinical and hospital infrastructures.
About University of Maryland
The University of Maryland $50K Business Plan Competition, now in its seventh year, promotes the commercialization of innovative ideas and University-created technologies by offering faculty, students, and alumni prizes for the best new venture plans. The Competition emphasizes learning by offering one-to-one coaching for finalists, as well as the experience of presenting ideas to an experienced panel of judges.
The Competition has historically awarded a total of $335,000 in prizes to faculty, students, and alumni to launch innovative new ventures. Companies active in the Competition have generated millions in revenues, grants and awards. Past winners include Chesapeake PERL Inc., AnthroTronix Inc., Affiliate Classroom, and Squarespace Inc.
For a complete listing of persons comprising each finalist team, please visit http://www.bpc.umd.edu .
For more information, please click here
University of Maryland
Eric Schurr, 301-405-3889
Copyright © Business Wire 2007
If you have a comment, please Contact
Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.
Quantum mechanical calculations reveal the hidden states of enzyme active sites November 20th, 2014
Silver Nanoparticles Produced in Iran from Forest Plants Extract November 20th, 2014
Tokyo Institute of Technology research: Protein-engineered cages aid studies of cell functions November 19th, 2014
A novel method for identifying the body’s ‘noisiest’ networks November 19th, 2014
Canatu Launches CNB In-Mold Film for Transparent Touch on 3D Surfaces –in Cars, Household Appliances, Wearables, Portables November 20th, 2014
UO-industry collaboration points to improved nanomaterials: University of Oregon microscope puts spotlight on the surface structure of quantum dots for designing new solar devices November 20th, 2014
Spiraling light, nanoparticles and insights into life’s structure November 19th, 2014
New materials for more powerful solar cells: Major breakthrough in solar energy November 11th, 2014
NMTI announces breakthrough solutions for HAMR nanoantenna for next-generation ultra-high density magnetic storage November 21st, 2014
Leica Microsystems Presents Universal Hybrid Detector for Single Molecule Detection and Imaging at SfN and ASCB: Leica HyD SMD - the Optimal Detector for Precise and Reliable SMD data November 20th, 2014
Silver Nanoparticles Produced in Iran from Forest Plants Extract November 20th, 2014
Nano Sorbents Able to Remove Pollutions Caused by Oil Derivatives November 20th, 2014
Longhorn beetle inspires ink to fight counterfeiting November 5th, 2014
Iran-Made Respiratory Nano Masks Provided to Hajj Pilgrims October 23rd, 2014
Japanese gold leaf artists worked on a nano-scale: Study demonstrates X-ray fluorescence spectroscopy is a non-destructive way to date artwork July 3rd, 2014
Harry Potter-style invisibility cloaks: A real possibility next Christmas? Forget socks and shaving foam, the big kids of tomorrow want an invisible cloak for Christmas December 19th, 2013
SUNY Poly Student Awarded Fellowship with the U.S. Department of Energy's Postgraduate Research Program: Ph.D. Candidate Accepts Postmaster's Appointment To Conduct Research At Albany NanoTech Complex November 13th, 2014
MEMS Industry Group's 10th Annual Executive Conference Showcases Rapid Innovation in MEMS/Sensors: Emphasizes Spirit of Collaboration, Supporting First Open-Source Algorithm Community, New Standardization Efforts November 10th, 2014
Microrockets fueled by water neutralize chemical and biological warfare agents October 29th, 2014
New nanodevice to improve cancer treatment monitoring October 27th, 2014