Liquid or solid?

Dr. Alberto Fernandez-Nieves understands how small drops and jets behave. He studies the physics of drop formation and of colloidal suspensions among many other phenomena. In his lab, with the help of Dr. Ya-Wen (Winnie) Chang and collaborators from the University of Florida, Dr. Fernandez-Nieves has discovered the capability of printing materials with different shapes, both inert and cellular, in a dense and transparent suspension that has both liquid-like and solid-like properties. Alberto

Once the 3D print is complete, this outer medium can be removed leaving the extremely fine detailed device or biological tissue behind. The novelty is in the use of the outer “yield-stree” materials. The exciting discovery has many potential target uses and Colin Ake of Georgia Tech’s VentureLab is helping this team find that first market entry point.

Go with the Flow

Flow MedTech seeks to stem blood clot formations, cut stroke risk

Flow MedTech is an early-stage medical device startup focused on stroke prevention in atrial fibrillation patients. The patent-pending technology targets the left atrial appendage (LAA), a fingerlike projection from the heart that is a breeding ground for clot formations. Ninety percent of blood clots found in the brain have been traced to this area. Flow MedTech’s technology aims to prevent blood clot formation and reduce stroke risk, by blocking blood flow to the LAA. Flow MedTechArnab Chakraborty and Christine Hang, alumni of the Georgia Tech Department of Biomedical Engineering, founded Flow MedTech.

[Read more…]

Keith McGreggor joins College of Computing academic and research units

Keith McGreggor is adding new responsibilities to his “to do” list. And we couldn’t be prouder!

While continuing his role as director of VentureLab, Keith has joined the School of Interactive Computing as a professor of the practice and the GVU Center’s leadership team as associate director.

 

Keith McGreggor

 

 

 

 

 

 

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Congrats to DHX and DeltaWing Racing

Congratulations to DHX Electric Machines Inc. for their latest customer, Don Panoz’s DeltaWing Technology Group.

The DeltaWing Technology Group designs and builds Formula 1 and LeMans race cars and exclusive luxury sports cars.

DHX – direct wind heat exchange is the technology that allows these novel motors to achieve 4 times the power output of similarly sized high performance electric motors.  The core of this technology is patented cooling technology.  DHX is focused on various transportation applications, organized under four divisions: manufacturing, luxury automotive, electric and alternative-fuel transportation, and green automotive technology.

Read more here.

DeltaWing Racing Cars

Update on MedShape

In March 2015, MedShape was selected as one of the Faces of Manufacturing in Georgia.

Read the story of Ken Gall and Kurt Jacobus

As a former athlete and CrossFit enthusiast, Gall set out to make a product that would create a synergy between human performance and sports medicine. He reconnected with Jacobus, who also was living in Atlanta at the time and working as a business consultant, with the intent of bringing him on board. After some convincing, Jacobus left his steady job to become the CEO of MedShape, a new startup company utilizing a proprietary shape memory technology. This unique technology would be implanted in surgical patients’ bodies to fix injuries by transforming and adapting once inside.

 

Bioletics Wins 2015 Startup Competition

A team with technology that could help monitor the condition of cats and dogs with diabetes won Georgia Tech’s 2015 Startup Competition ($15,000, plus the Edison Prize: a $15,000 convertible note).

Bioletics

The winning team, Bioletics, evolved through Georgia Tech’s Technological Innovation: Generating Economic Results (TI:GER) Program, which teams Georgia Tech MBA students with Emory law students who work together on commercializing PhD students’ scientific research.

Bioletics’ Yogi Patel, a PhD candidate in bioengineering at Georgia Tech, says that his team was originally focused on developing an implantable device to help monitor diabetes in humans, but recognized that the FDA hurdles to taking such a product to market would be significant.

Patel and his teammates pivoted from their original strategy when one of them wondered, “Do pets get diabetes?”

[Read more…]

2015 Startup Competition

Twelve teams competed in the Final Round of the Startup Competition on March 9 at Georgia Tech Scheller College of Business. They began work in the fall and received mentoring from entrepreneurial experts on the way to the Semifinals on March 2.

Known as the Business Plan Competition until 2013, the Startup Competition now focuses on discovering a market opportunity and creating an innovative business model to address it. No written business plan, financial projections, or investor pitch is required. Instead, teams work together to define a compelling startup.

Most technology startups fail because they start executing before they have a proven business model, note the competition organizers at Georgia Tech’s VentureLab. The Startup Competition helps position teams for success by requiring them to talk regularly to potential customers to ensure that they’re developing a product or service that people want.

[Read more…]

What if we could sense cancer?

Methylated DNA Sensor Detects Cancer

Prof. Amir Saheb, a GT Ph.D. alumni and Dr. Ehsan Najafabadi, who graduated last summer from Prof. Bernard Kippelen’s lab at GT, have collaborated to commercialize aspects of Prof. Saheb’s graduate and professorial research. This DNA chip has 16 sensors capable of detecting up to 16 types of cancer in one pass using novel electrochemical ‘fingerprints.’ Cancer cells have specific methylated gene patterns. These epigenetic traits can be measured by this sensor with extremely high specificity. This means that in diagnostic tests, such as the PSA, (which looks for prostate cancer) false positives could potentially be reduced by an order of magnitude.

[Read more…]

Pindrop Security raises $35M

Pindrop Security, provider of phone fraud prevention and call center authentication solutions, recently closed $35m in Series B financing.  pindrop

Pindrop technology was developed at the Georgia Tech Information Security Center. The company was founded by CEO Vijay Balasubramaniyan and is backed by serial cybersecurity entrepreneur and investor Paul Judge.

The Series B financing round was led by Institutional Venture Partners with participation from existing backers Andreessen Horowitz, Citi Ventures, Felicis Ventures, Redpoint Ventures and Webb Investment Network.

Stephen Fleming captured the story of how Pindrop started in a 2013 blog post. Check it out here.

[Read more…]

Polio vaccination with microneedle patches receives funding

Polio vaccination with microneedle patches receives funding for patch development, clinical trial

Microneedle patch

Microneedle patches are shown in the foreground of this photograph, with a vial of vaccine and examples of traditional hypodermic needles shown in the background. (Credit: Gary Meek)

The funds will support research and development of vaccine-filled microneedles that are designed to dissolve in the skin to provide protection against the polio virus in humans. Studies with animal models have shown that microneedle patches containing polio vaccine effectively stimulate the immunological responses necessary for immunization.

Micron Biomedical (www.micronbiomedical.com) is commercializing a novel vaccine and drug delivery technology, based on dissolving microneedle patches and aimed at achieving better health outcomes through enhanced therapeutic efforts, simplified logistics and improved patient compliance.

[Read more…]

Better Walk Closes $450,000 in Series A Funding

Better Walk, an Atlanta-based medical device company, closed a Series A round of $450,000 this past week. This is the company’s third round of funding to date, bringing the total funding raised to $600,000. better walk

The round was led by MB Venture Partners, a Memphis-based venture capital firm.  Gary Stevenson, co-founder and Managing Partner, will join the Better Walk board of directors.

“The funding will help us to continue down the path of manufacturing and distributing the Better Walk crutch to patients who need it,” said Partha Unnava, CEO of Better Walk.

The Better Walk crutch was created after Partha Unnava broke his ankle, spent time on crutches, and experienced the pain suffered by so many crutch users firsthand. The Better Walk crutch is an alternative to traditional underarm or forearm crutches that removes force from the user’s underarm area. Since founding, the company has focused on developing the product and is gearing up for a launch this spring. [Read more…]

New year, new funds!

Two VentureLab startups, Polaritek Systems Inc. and Carbice Nanotechnologies, were awarded GRA Ventures seed funding in the first two weeks of 2015. GRA Ventures (previously known as the GRA VentureLab program) was established in 2002 to facilitate the commercialization of technologies emerging from the state’s universities through the formation of start-up companies, with the stated objective of increasing the number of innovation-based jobs in Georgia.

Polaritek Systems  is commercializing a novel, patented residual stress measurement technology based on polariscopy, under license from the Georgia Tech Research Corporation (GTRC). polaritek

Carbice Nanotechnologies develops market-leading material solutions for efficient, reliable, and adaptable energy transfer. By enabling superior thermal management, its current products create substantial value in electronic device markets: mobile, power modules, servers, displays, aerospace, energy, and defense.

Carbice

DHX Electric Machines launches

Rhett Mayor

Rhett Mayor

Andrew Semidey

Andrew Semidey

 

Prof. Rhett Mayor with Georgia Tech Mechanical Engineering and Dr. Andrew Semidey launched their new electric motor company, DHX.

DHX

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Calling all serial entrepreneurs!

Are you a serial entrepreneur looking to give back? VentureLab is always looking for experienced entrepreneurs to match with startups on campus. Topics include customer discovery, pivots, raising capital, and understanding specific industries. Mentoring takes many forms.

  • Quick: Often we’re looking for a one-time mentoring session for a team. Focused on a particular industry or issue, these sessions are 30 to 90 minutes, in person or via Skype.
  • Short-term: Some teams need a deeper dive, so you may work together for an hour a week for several weeks.
  • Long-term: Long-term mentoring has it’s own rewards, including helping a team with grant fundraising, equity fundraising, team recruiting and the startup CEO hire.

Want to learn more? Reach out to Brandy Nagel.

SonoFAST is picking up speed

SonoFAST is a team of four recent GT grads (Keller Tomassi, Gabriela Lamas, Stephanie Camstra and Jorge Mena) who created a technology for improving the ultrasound examination procedure by replacing the messy, cold ultrasound gel. Their technology is a solid, “goop-free” pad placed on the ultrasound probe. It is single-use, clean and neat for the patient as well as healthcare provider.  sonoFAST logo

[Read more…]