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

    • Leaders Know How to Set the PACE

      Whether or not you’re a fan, you are probably familiar with the most important car in the starting field of most any major race event.  It’s the one car at the beginning of the race, the pace car, that provides the most important lessons since it plays a vital role in leading the way and helping the race get off to the appropriate start. There’s a lot for leaders to learn from that role. Having led countless nonprofits and business teams, and now consulting...

    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

    • (Image courtesy of the Indianapolis Colts.)

      Colts Announce Training Schedule, Title Sponsor

      The Indianapolis Colts and the city of Westfield have unveiled the schedule for the team's 2019 training camp at Grand Park Sports Campus. The camp will be held for the second time at the venue as part of a 10-year partnership announced last year. The team also announced the camp's title sponsor will be Indianapolis tech company...

    • TechPoint CEO Mike Langellier is among the event's speakers.

      New Partnership Goes on the Hunt for Tech Talent

      A new effort to attract top tech talent has launched in Indiana. TechPoint, the state's technology accelerator, is teaming up with Indianapolis-based TMap LLC, to find former Hoosiers currently working out of state in the tech industry and bring them back to Indiana. Through the initiative, the partners will identify the top 25 applicants who will be invited to a red carpet weekend this fall that will feature meetings with potential employers and events showcasing quality of life...
    • (photo courtesy of Dan McGowan)

      Senate Study Committee Assignments Revealed

      Indiana Senate President Pro Tempore Rodric Bray (R-Martinsville) has announced the interim study committee assignments for 2019. The interim study committees are set to meet this summer and fall to discuss a variety of topics ahead of the 2020 Indiana General Assembly.

    • (photo courtesy of the Indiana State Teachers Association)

      Former ISTA President Dies

      The former president of the Indiana State Teachers Association has died. Nate Schnellenberger began working with the ISTA in 1987 and was elected president in 2007, a role he held for six years. He was 68.

    • KSM Consulting Acquires Web Development Company

      Indianapolis-based KSM Consulting is adding to its portfolio. The firm, which specializes in technology, data analytics and management consulting, has acquired Connect Think, an app development company also based in Indy. Financial terms of the deal are not being disclosed.