Life Sciences Summit Competition Winners Unveiled

Posted: Updated:
Officials from the Regenstrief Institute accepted the first place prize in the Inject Tech Challenge. (photo courtesy of Regenstrief Institute) Officials from the Regenstrief Institute accepted the first place prize in the Inject Tech Challenge. (photo courtesy of Regenstrief Institute)
INDIANAPOLIS -

BioCrossroads has unveiled the winners of two competitions at the 2018 Indiana Life Sciences Summit. The events include the inaugural Indiana Inject Tech Challenge, which focuses on the creation of new technologies designed to improve patient outcomes, as well as the BioCrossroads New Venture Competition.

The Regenstrief Institute in Indianapolis took the top prize in the Inject Tech Challenge. The institute is developing a platform to "effectively access and leverage social factors data to enable healthcare organizations to take further action and address the whole patient in order to attain better health outcomes. DigiBiomarker, also based in Indy, was the runner up for its platform which captures digital information directly from patients through their smartphones or a web application.

The 2018 New Venture Competition features early-stage biotechnology, pharmaceutical, medical device, diagnostic, ag-biotech or health information technology companies developing new products or platforms. The first, second, and third place winners were awarded $25,000, $15,000, and $10,000 in cash, respectively. The winners include:

  • 1st Place: SalvePeds (University of Notre Dame) - The pharmaceutical company has developed a drug called ND-336, which is used as a topical therapy for the treatment of diabetic foot ulcers. 
  • 2nd Place: OmniVis (Purdue University) - Has developed patented technology that uses a sensing technique to quantify and analyze biomolecular solutions directly at the source.
  • 3rd Place: Novosteo (Purdue University) - Has developed a series of drugs that concentrate their healing power specifically to the site of bone fractures in an effort to reduce the morbidity, mortality and loss of productivity associated with such fractures.

BioCrossroads Chief Executive Officer David Johnson spoke with Inside INdiana Business Reporter Kylie Veleta at the summit and said these types of competitions and showcasing the state's life sciences tech are important for Indiana, which is competing with other major cities throughout the country.

"If we can't show our life sciences leaders that we have this kind of technology nimbleness and entrepreneurship and driving solutions into the life sciences area, which is historically a little bit different for some of the tech entrepreneurs because it's a regulated business, it's a different kind of field from some of the other challenges that the tech community has tackled here," said Johnson. "But if they're not participating in that, then our life sciences leaders will go to other communities in which they are."

  • Perspectives

    • Regional Investment Proposal Could be a Game Changer for Quality of Place Initiatives in Indiana

      While quality of place may be defined differently by people, a growing number of Hoosiers recognize the importance of this issue. In particular, the impact of quality of place on talent attraction and retention in a geographic area cannot be ignored. The future of every community is dependent on quality of place. Like many Midwestern states, Indiana is not growing at the same pace as areas in the southern and western regions of the United States.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • The Vogue opened as a movie house in 1938, then reopened as a nightclub in 1977. (Picture Courtesy: The Vogue)

      Tech Vets Purchase Popular Indy Nightclub

      A group of Indianapolis tech entrepreneurs has bought a popular nightclub in the city's Broad Ripple neighborhood. High Alpha co-founder Eric Tobias and former MOBI executives Scott Kraege and Andrew Davis say they will retain the Vogue's current staff to manage the venue's day-to-day operations. The new owners say they will detail plans to reinvigorate the Vogue through enhanced fan experience and engagement in the coming months. Tobias, Kraege and Davis purchased the Vogue...

    • (Image courtesy of the Indianapolis Colts.)

      Colts Announce 2019 Regular Season Schedule

      The 2019 NFL schedule is out and the Indianapolis Colts will play in several high-profile games. All three of the Colts’ 2019 primetime games will be on the road against defending division champions. 

    • Bryan Brenner is the CEO of FirstPerson and a founding partner of Performance Lab.

      FirstPerson Execs Launch Performance Lab

      A new firm founded by executives from Indianapolis-based FirstPerson says it wants to help companies strengthen performance. Performance Lab uses a field test known as the Performance Climate Survey, which provides insights into a company’s performance culture. Founding Partner Bryan Brenner, who is also the CEO of FirstPerson, says the firm has already landed a number of early customers, including Goodwill Industries, the Indy Chamber and the Central Indiana Community Foundation.

    • Skilled Nursing Facility Proposed for Merrillville

      A new $7 million skilled nursing facility is being proposed in Merrillville. Our partners at The Times of Northwest Indiana report the development would include five residential buildings outfitted with 12 beds, a dining area, beauty salon and spa. 

    • 2019 'Stellar' Finalists Announced

      Lieutenant Governor Suzanne Crouch has unveiled the finalists for the 2019 Stellar Communities Program. The four regions selected will receive a planning grant and work with the Indiana Communities Institute at Ball State University on project alignment and continued planning efforts. Stellar Communities, launched in 2011, is led by the Indiana Office of Community and Rural Affairs and aims to boost community and economic development and promote local and regional partnerships.