Former E-Team gets VentureWell Investment
Therapeutic Systems, which formed at the University of Massachusetts Amherst, has developed a new therapy system - a wearable vest - for people with autism. The vest system provides a therapy known as Deep Pressure Touch Stimulation (DPTS) that treats people by applying firm pressure to the chest, much like the feeling of a hug. The vest offers users much more control over the sensation they seek: the inflatable system can be inserted into any off-the-shelf vest and can safely apply a range of pressure. Autism is an increasingly diagnosed condition in the US: one in every 110 children will have the condition.
Therapeutic Systems was considered for VentureWell investment after progressing through NCIIA's venture development program. As a student team, Therapeutic Systems particpated in the 2005 BMEIdea competition, the Invention to Venture and Advanced I2V workshops, received an E-Team grant in 2007 and presented at the 2009 March Madness for the Mind showcase of student innovation.
Earlier in the year, VentureWell made its first investment in former E-Team Whole Tree.
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