Worcester, Mass. A start-up commercializing biomedical technology developed at Worcester Polytechnic Institute (WPI) for wound healing and tissue regeneration is one of four finalists in this year's Association of University Technology Managers (AUTM) international business plan contest.
VitaThreads launched in 2012 to commercialize the pioneering research of George Pins and Glenn Gaudette, who are both associate professors of biomedical engineering at WPI. The company is developing biopolymer microthreads that can be used as therapies and as delivery vehicles for cells to treat conditions that range from common sports injuries to heart attacks. VitaThreads will present its business plan and field questions from a panel of judges on March 1 in San Antonio, Texas, at the AUTM Venture Forum, which is part of the group's 2013 annual global meeting. The winning company will receive a $10,000 cash prize.
"We are very excited about this opportunity to tell our story and present our business plan to some of the industry's top investors and business development experts," said Adam Collette, vice president of product development at VitaThreads, who will be making the presentation at AUTM. "I think it speaks highly of the technology and of the work our team has done to get the company to this point."
With over 3,000 members from 300 universities, research institutions, and business development groups, AUTM is the premier international professional organization promoting the commercialization of technologies that emerge from academic research. This year, 30 companies entered the business plan competition. After two rounds of review, four were selected as finalists.
"We were impressed by the quality of companies represented in this year's competition, and we're thrilled to provide a high-profile platform to showcase these exciting companies that are born from academic research," Stephen Susalka, assistant vice president at AUTM, said i
|Contact: Michael Cohen|
Worcester Polytechnic Institute