Upstate Medical University

MDIC Graduate Milestones

CNY Biotech Accelerator (CNYBAC), Upstate Medical University
Medical Device Innovation Challenge (MDIC)
GRADUATE MILESTONES

 

MDIC Graduate Economic Impacts

Total Federal Grants:                                       $  9,883,762

Total Non-federal Grants/Investments:         $12,822,600

Total Employees Hired:                                     41.5

CNYBAC provides a stipend to NYSTAR Asset, The Innovation Law Center, College of Law, Syracuse University, to conduct/prepare commercialization research reports such as patent landscape, freedom to operate, device classification and predicate device review.

2017

EndoGlow – Tissue Reveal Technology™  (https://www.endoglow.com/)

Federal Grants Awarded

Non Gov Funds

Employees Hired

 

   $ 330,000   (Pre-seed)

   $ 100,000   (FuzeHub)

 4

 

Accepted into Incubator/Accelerator and Supporting Programs:

·        Venture Creation Innovation Challenge

·        Cornell Center for Materials Research (CCMR)

  • IP submissions, University of Rochester and independent
  • Prototype and preclinical testing completed with University of Rochester, 2017/2018
  • Working with regional vendors for manufacturing needs
  • Awarded FuzeHub Manufacturing Grants
  • Named by Med Tech Outlook as a Top 10 Minimally Invasive Device Solution Company
  • Accepted into Cornell Center for Materials Research (CCMR)Pit
  • Hires: CEO, COO, VP of Business Development and National Sales Manager
  • Won MedTech 2021 Innovative Surgical Device Company Award
  • FDA device registration complete
  • Cadaver labs teaching NIR in partnership with STORZ (Albany Medical Center, University of Rochester)
  • PreClinic research presented at the Society of Gynecologic Surgeons 3/2022
  • Working with KOLs on clinical research studies involving complex pelvic anatomy 
  • CNYBAC Virtual Client

Costello Prosthetic Warmers (https://www.costelloprosthetics.com/)

  • Project accepted by Queen’s University Human Mobility Center student capstone project
  • Participated in MedTech Annual Conference Pitch Event (October, 2017)
  • Prototype tested in mountain climb under “worse case scenario” weather conditions
  • Licensing proposal with large manufacturer in process

2018

Avant Medical Systems – Smart backboard

  • Marketed their technology with industry partners Health O Meter and Marsden

AcceliPHI (subsidiary of ANDRO) – spinal device

  • Gained patent for individuals suffering from chronic back injuries

2019

ZEPHYRx® – Spirometry Technology/Remote Patient Monitoring (https://www.zephyrx.com/)

Federal Grants Awarded

Non Gov Funds

Employees Hired

   $  225,000     (NHLBI SBIR)

 

15

Accepted into Incubator/Accelerator Programs:

·        Johnson & Johnson Innovation, JLABS

  • Received National Heart, Lung, and Blood Institute (NHLBI) SBIR grant for development and testing of breath-controlled video game for respiratory therapy
  • Resident company of Johnson & Johnson Innovation, JLABS, life science incubator program
  • Grew from 2 employees to 15 full-time employees
  • Pivoted to bring telemedicine to lung patients during pandemic with unique software program for at-home pulmonary function testing; exploded nationally in telemedicine market
  • Cystic Fibrosis Foundation purchases devices for every patient with cystic fibrosis in the US
  • CNYBAC Virtual Client
  • Over $2.5M in product sales/contracts
  • CNYBAC Virtual Client

Halomine – Rechargeable Antimicrobial Technology (https://www.halomine.com/)

Federal Grants Awarded

Non Gov Funds

Employees Hired

  $   600,000       (USDA Phase II)

  $1,000,000       (NSF Phase II)

  $   175,000       (USDA Phase I)

  $2,000,000       (NYS ESD BioDefense Fund)

  $1,743,507       (NIH Phase II SBIR)

  $   100,000       (USDA Phase I SBIR)

  $     60,000       (Tech Search 3.0, US Army)

  $       5,000       (Tech Search 5.0, US Army)

  $   225,000       (NSF Phase I SBIR)

  $   256,000       (NSF Phase I SBIR)

  $   250,255       (NIH Phase I SBIR)

  $   100,000       (DoD Phase I SBIR)

  $1,207,500    Pre-seed

  $2,885,000    SAFE

15

Accepted into Incubator/Accelerator Programs: 

·        Plug and Play Tech Center and New Materials 2020 Accelerator Program

·        IndieBio Inaugural NY Program

  • Cornell University spin out company
  • Funding support through Cornell Center for Materials Research (CCMR)
  • Joined Plug and Play Tech Center and New Materials 2020 Accelerator Program
  • Accepted into IndieBio inaugural NY program
  • Awarded $1M NSF SBIR Phase II grant to advance product development
  • Hired Dr. Xuehong Ren, one of the world’s leading authorities on synthesized monomers polymers and N-halamine chemistries as Chief Scientific Officer

MedUx – User-centered Designed Products (https://www.medux-llc.com/)

  • Accepted into MassChallenge Boston Accelerator
  • Placed 2nd in ACC InVenture Prize Competition

Aurie – Reusable Intermittent Catheter System (https://livewithaurie.com/)

Federal Grants Awarded

Non Gov Funds

Employees Hired

  $1,776,000       (NSF)

  $   500,000       (DoD)

  $   100,000       (NIDILRR)

  $  100,000     (FuzeHub)

  $7,250,000    (Investment)

3.5

 

Accepted into Incubator/Accelerator Programs:

·        Harvard LaunchLab X GEO

·        VentureWell ASPIRE

  • Won FuzeHub Commercialization Competition Award
  • Awarded FuzeHub Manufacturing Grants (2)
  • Awarded Small Business Innovation Research (SBIR) grants from National Science Foundation and National Institute of Disability, Independent Living and Rehabilitation Research
  • Raised $750K in funding through pre-seed round led by Lakehouse Ventures
  • Received FDA Safer Technology Designation from FDA
  • CEO Souvik Paul serves as an MDIC Mentor
  • CNYBAC Virtual Client

2020

Assistance in Motion - Powered Ride-on Device for Children with Motor Impairments
(https://www.assistanceinmotion.com/)

  • Received SBIR Phase I Award of $256,000

Vita Innovations – Smart mask tracking signs of clinical deterioration (https://vitainnovations.co/)

  • Won A.I. Health Hackathon, Weill Cornell Medicine
  • Won 46th Annual Business Today International Conference Impact Challenge
  • Accepted into Blackstone & Techstars LaunchPad Fellowship
  • Collaborating with Hudson Valley Advanced Manufacturing Center and MTEC
  • Awarded Cornell University Student Business of the Year (2021)
  • Co-winner of the Verizon and Clinton Global Initiative 2021 Social Innovation Challenge
  • Accepted into MassChallenge Early-Stage National Startup Accelerator
  • Accepted and awarded grant funding from Venturewell Phase I and II E-Teams Accelerator
  • Accepted and awarded grant funding from American Heart Association National Business Accelerator
  • Received investment and product support from Nextfab Ventures
  • Completed Phase I User-Experience Trials at an academic hospital
  • Accepted into Stanford Venture Studios

2021

MindTrace - 3D Neurosurgery Brain Mapping Technology (https://mindtrace.com/)

  • Accepted into AlphaLab, Healthcare and life sciences accelerator
  • Working with SUNY Upstate Medical University neurosurgeon and Co-director of Upstate’s brain tumor program, Dr. Harish Babu, for clinical studies
  • Completed first stage of FDA Payor Communication Task Force
  • Pre-sub planned with FDA to submit via Breakthrough Device Designation
  • Selected by CB Insight’s as one of 150 most promising digital health companies of 2022

Rubitection - Skin Health Assessment Technology (http://rubitection.com)

  • Presented at Medica Health Tech Conference
  • Selected as a finalist, Women of Color Health & Wellness Pitch
  • Awarded 2022 Health Equity Flex Grant, West Coast Consortium for Technology & Innovation in Pediatrics

JelikaLite (Precision Autism Technology)

Federal Grants Awarded

Non Gov Funds

Employees Hired

  $ 256,000    (NSF Phase I)

  $800,000    (Investment)

4

Accepted into Incubator/Accelerator Programs: 

·        Multiple Hub

·        Endless Frontier

·        M7

·        NYC Healthcare Program

  • Won FuzeHub Commercialization Competition Award
  • Participated in Syracuse University Student Engineering Capstone Program
  • Completed pivotal clinical trial, presented results at Rutgers University Autism Conference
  • Presented at 68th Annual Meeting of American Academy of Child and Adolescent Psychiatry
  • Presented at Symphony Conference, Brain Foundation
  • Granted FDA Breakthrough Device Designation
  • Completed 2 FDA Pre Submission meetings
  • Completed NSF-funded open label study, replicating 2021 clinical trial results showing autistic subject significant improvements in communications and responsiveness
  • CNYBAC Virtual Client

Oratel Diagnostics - Endometriosis Diagnostic (https://www.orateldiagnostics.com/new/grav-admin/)

  • Consortium for Technology & Innovation in Pediatrics (CTIP) award of $7500
  • Completed first prototype using 3-D printing to evaluate our collection of saliva samples and develop  standards to monitor reader performance
  • Completed data analysis on pre-clinical study with Brigham and Women’s Hospital on 181 patients
  • Submitted abstract to present poster at the 15th World Congress on Endometriosis May 2023
  • Sponsored study at Alfred University Material Science Department to test difference in glass surfaces
  • Accepted by NSF to apply for STTR grant for 2023

Dancing Eyes (Eye Movement Disorder Technology)

  • SUNY Upstate Medical University faculty-founded startup company
  • Completed University of Rochester regional I-Corps program
  • Working with Rensselaer Polytechnic Institute (RPI), Student Engineering Capstone Program
  • CNYBAC Virtual Client

2022

EndObetes – endoscopic reversible treatment devices for obesity and diabetes (https://endobetes.com/)

  • Angel investment, $350K
  • SBIR Phase I NIH $256K, work completed
  • Strategic partnership with MicroTech Endoscopy
  • Completed MedTech Innovator Accelerator Program
  • Coordinated FDA Pre Submission meeting
  • Preclinical testing planned with SUNY Binghamton
  • SBIR Phase II application in process

PreTip – point of care EEG device for rapid screening in ED/ICU

  • Upstate Medical University faculty founded company
  • Phase II SBIR planning in process
  • Upstate Medical University faculty-founded company

PapEasy – cervical self-screening technology (https://papeasy.com/)

  • Coordinating with regulatory consultant for FDA submission
  • NSF SBIR Phase I submission in process
  • Working with Buffalo area contract manufacturer
  • CNYBAC Virtual Client

SurgiVance – point of care rapid diagnosis through diagnostic imaging using advanced optics (https://surgivance.com/)

  • Accepted into RPI student capstone program
  • In process of hiring CEO
  • FDA Pre-Submission in process/seed meeting scheduled
  • Submitted Phase II NIH SBIR

3Dspine – 3d printed modeling pre-operative planning for adult spine procedures

  • IP submitted through University at Buffalo
  • FDA and reimbursement pathway initiated
  • Planned STTR submission in 2023