Fast Company's expert blogger, Alice Korngold, came to us and our funder, The Lemelson Foundation, looking to explore how companies emerge from university environments. Read her perspective on NCIIA's 'company development' model and three student-led companies that we've supported.
The winners of BMEidea 2010 were announced today, at the MD&M trade show in New York City. In first place, winning $10,000, is the Rapid Hypothermia Induction Device team from Johns Hopkins University.
Second place and $2,500 went to the Low-cost Ventilator (OneBreath) team from Stanford University. Third place and $1,000 went to the Natural Orifice Volume Enlargement (NOVEL) Device team from University of Cincinnati.
Read more about the finalists and see their prototypes here.
We've done a lot of work with the Onebreath low-cost ventilator team from Stanford University recently: the team received an E-Team grant in 2009, attended the 2010 March Madness for the Mind showcase of student innovation at the Exploratorium in San Francisco, and this week was announced a finalist in this year's BMEidea competition (see story below).
This month, Onebreath and its inventor Matthew Callaghan received further recognition when it was named as a Popular Science 2010 Invention Award winner. Read the story!
This E-Team is developing a low-cost ventilator - named Onebreath - for two distinct purposes: emergency readiness in developed countries and general use in developing countries. The state of preparedness of the US healthcare system for an influenza epidemic has been recently assessed, and it was determined that the nation's hospitals will not have enough ventilators to meet the anticipated demand (more than 740,000 would be needed; the US has 105,000). Meanwhile, in developing countries, millions die each year from lack of access to a common ventilator. To fill the need in both cases, the team is developing a low-cost ($300, where typical ventilators range from $8,000-$60,000), rechargeable, portable, disposable ventilator.