Profiles of Winning Teams
First Place - Gelomatrix
Team Members:
Cher Wei Liang, Chua Zi Yong, Goh Qing Zhuang, Darren Luo Xueli
Contact Person:
Cher Wei Liang (cherweiliang@nus.edu.sg)
Institution:
National University of Singapore
Brief Company Description:
Gelomatrix's product, Chondromatrix™, is an implantable material that repairs articular knee cartilage through in-vivo tissue regeneration. The procedure utilizes stem cells from the patient’s bone marrow and is minimally invasive. The company seeks to be the leader of knee cartilage repair market for patients with active lifestyles.
Funding Sought:
A total of S$37.5m of invested capital raised in four rounds, over a period of 5 years.
Detailed Company Description
Gelomatrix is a bio-medical device company that specializes in developing hydrogels for tissue engineering purposes. Our first product, Chondromatrix™, is used in the repair of damages articular knee cartilage.
Gelomatrix seeks to be the leader in the articular knee cartilage repair market for patients with active lifestyles. These patients include athletes and individuals who incorporate sports and strenuous activities, such as hiking jogging and cycling into their lives; ence a safe, durable and effective treatment with a short rehabilitation time is required.
Chondromatrix™ is an implantable bio-material that repairs damaged articular knee cartilage through an in-vivo tissue regeneration process. This process is minimally invasive and does not require an open knee joint surgery. Chondromatrix™ also provides a solution that fully restores the cartilage and eliminates tissue rejection problems. The surgery will be an outpatient procedure performed in one session; patients will then fully recover in three months. Chondromatrix™ will be regulated as a Class III Pre-market Approval (PMA) medical device.
Second Place - Medtrieval
Team Members:
Rocky Chavez, Timothy Harlin, Ashley Nguyen, Nathan Nelson
Contact Person:
Rocky Chavez (rchavez.stu@okcu.edu)
Institution:
Oklahoma City University
Brief Company Description:
Medtrieval’s mission is to provide safe, efficient, and reliable automated medication retrieval systems for use in correctional and assisted living facilities where there are high risks for error and drug abuse. Medtrieval is dedicated to maintaining outstanding client relationships to provide the most dependable medication retrieval systems available.
Funding Sought:
Medtrieval is seeking USD2.75 million, in two rounds of funding.
Detailed Company Description
Medtrieval will offer an automated medication retrieval system for correctional facilities and assisted living centers. By automating the distribution of medication in these facilities, Medtrieval’s system will allow medical care personnel to focus on patient care instead of distribution tasks.
Medtrieval’s primary product is the MT1, a large, stationary device that will be installed at the medical clinic(s) in correctional facilities. It will robotically deliver prescription medications to the user who will access the MT1 device securely through a biometric reader. The unit will be controlled by touch screen commands.
Medtrieval’s clients will receive staff training, free standard maintenance, 24/7 call-in service and consulting, centralized database management, and regular software upgrades. In addition, each MT1 system will be individually integrated and customized to fit the facility’s specific needs.
3rd Place - Sola Caritas
Team Members:
Perdo Ho, David Wen, Frank Wang
Contact Person:
Perdo Ho (perdo.ho@solacaritas.com)
Institution:
Queen's University, Canada
Brief Company Description:
Sola Caritas is a social enterprise that helps companies market themselves online while building their corporate social image; it comes at a perfect time when the world yearns for greater corporate responsibility and when targeted online interactive marketing is becoming mainstream practice.
Funding Sought:
Sola Caritas is seeking USD41,000 to cover capital expenses for the launch of its beta website by end 2008.
Detailed Company Description
Sola Caritas is a social enterprise that merges online advertisements with building a company’s corporate social brand image; it breaks the traditional approach to philanthropy by aligning business interests with the world’s social interests.
Our main tool, the Donate for Free tool, works by first having companies load their video promotions or advertisements onto the Sola Caritas platform. A user will then be able to select that video, view it, and upon completion, 50% of the ad fees will go to a charity of that user’s choice. At that point, the user can choose to go forth and complete a quick multiple-choice survey, resulting in an additional donation to the charity of choice by the advertising company.
In 2007, Sola Caritas was awarded the Royal Bank of Canada’s (RBC) Business Innovation Award and has also won EcoVenture in 2008. To date, we have already signed seven international organizations, including WWF, Habitat for Humanity, Meal Exchange, LetsStopAIDS.org, International Baccalaureate Organization, KPMG and Cathay Pacific – all of whom have agreed to join Sola Caritas for its beta test starting in the September of 2008.
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