Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > From Dreams and Sweat: University of Maryland Announces Finalists for Its $50K Business Plan Competition

Abstract:
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

Contacts:
University of Maryland
Editors Contact:
Eric Schurr, 301-405-3889

Copyright © Business Wire 2007

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Nanomedicine

Northwestern scientists develop first liquid nanolaser: Technology could lead to new way of doing 'lab on a chip' medical diagnostics April 25th, 2015

Nanotech-enabled moisturizer speeds healing of diabetic skin wounds: Spherical nucleic acids silence gene that interferes with wound healing April 24th, 2015

Fast and accurate 3-D imaging technique to track optically trapped particles April 24th, 2015

A silver lining: UCSB researchers cradle silver nanoclusters inside synthetic DNA to create a programmed, tunable fluorescent array April 23rd, 2015

Sensors

ORNL reports method that takes quantum sensing to new level April 23rd, 2015

New class of 3D-printed aerogels improve energy storage April 22nd, 2015

‘Oxford Instruments Young Nanoscientist India Award 2015’ to Prof. Arindam Ghosh April 20th, 2015

Optical resonance-based biosensors designed for medical applications April 18th, 2015

Announcements

Feynman Prize Winners Announced! April 26th, 2015

New ASTM Standards Will Help Educate Present and Future Nanotechnology Workforces April 26th, 2015

Heat makes electrons’ spin in magnetic superconductors April 26th, 2015

QD Vision Wins 2015 Bronze Edison Award for Color IQ™ Quantum Dot Technology April 26th, 2015

Human Interest/Art

To Conserve London's 300-Year-Old Masterpiece, Nanotech & Drones April 12th, 2015

2015 Nanonics Image Contest January 29th, 2015

OCSiAl supports NanoART Imagery Contest January 23rd, 2015

EnvisioNano: An image contest hosted by the National Nanotechnology Initiative (NNI) January 22nd, 2015

Grants/Awards/Scholarships/Gifts/Contests/Honors/Records

Feynman Prize Winners Announced! April 26th, 2015

QD Vision Wins 2015 Bronze Edison Award for Color IQ™ Quantum Dot Technology April 26th, 2015

SEFCU, SUNY Poly CNSE Announce Winning Student-Led Teams in the 6th Annual $500,000 New York Business Plan Competition April 25th, 2015

Richards-Kortum elected to American Academy of Arts and Sciences: April 22nd, 2015

NanoNews-Digest
The latest news from around the world, FREE




  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project