The next five companies that competed in the Greenlight Business Model Competition are a mix of technology and health solutions. From improving already existing technology to helping micro processors perform better to improving the life of a patient awaiting a transplant, these companies are looking to make a difference in a wide range of industries.
IOP Microsensor team
Founders: Nikos Chronis, Shazad Mian
This micro sensor is the world’s smallest pressure sensor that, when implanted in the eye, will read eye pressure and test for issues such as glaucoma. High pressure is an enemy to our eyes and can cause glaucoma and vision loss before you realize you have it. At the moment, the best defenses against the disease are tests that are dependent on patients going to the doctor and getting tested. Once implanted, this sensor will allow for testing any time and is the future of glaucoma monitoring.
Keravnos Energy LLC
Founders: Dimitris Assanis, Rupert Tull de Salis
Keravnos Energy wants to make roads more accessible to electric vehicles by building a network of charging stations across the country. At the moment, most electronic vehicles can only travel about 4 hours before requiring a lengthy charging session. Keravnos has developed a technology that will allow electric vehicles to charge quickly, at an affordable price. These new stations can be located on a smart phone and will also bring in business to the places that house the chargers.
Founder: Suzanne Summers
Every year there are 16 million units of blood donated, and 800,000 of those units are wasted because the current storage medium allows to much glucose and causes the blood to spoil. LifeBlood has developed a storage solution that releases glucose slowly into a permeable bag, preventing the blood from spoiling. The devices will be a part of a storage unit that is already on the market. As soon as they have the funds they will approach storage unit producers with a prototype.
Founders: Muhammad Faisal, Daniel Andersen
Find them on LinkedIn
Movellus Circuits has created a technology that will improve micro processors. The technology focuses on improving the clock generator, which helps schedule the tasks of our electronics. They have developed a way to make the clock generators more efficient and reduce their size. The new technology is digital rather than analog and provides a 95% power reduction.
Nordhouse Medical Solutions
Founders: Robin Hannum, Jonathan DeLauter
A Ventricular Assist Device (VAD) is a device that mimics heart function and helps keep patients awaiting a heart transplant alive. But the device has its flaws; it is stitched right to you, you can’t move while attached and any movement runs the risk of pulling the arteries it is attached to. Nordhouse Medical Solutions has developed a one size fits all tube organizer and harness that will support the weight of the VAD and allow patients to get up and move around. There is nothing like this on the market right now and Nordhouse will begin by marketing to patients awaiting a heart transplant.
Interested in reading more about the other competitors in the Greenlight Competition? Read Part 1 and Part 2 in the series and stay tuned for more.