Winning Innovators in $250K Pediatric Medical Device Competition Announced
Six winners capture awards at third annual National Capital Consortium for Pediatric Device Innovation (NCC-PDI) Competition
Six winners capture awards at third annual National Capital Consortium for Pediatric Device Innovation (NCC-PDI) Competition
WASHINGTON, March 1, 2016 /PRNewswire-USNewswire/ -- Six pediatric medical device innovations that address a significant yet unmet pediatric need were awarded a total of $250,000 in grant money at the third annual National Capital Consortium for Pediatric Device Innovation (NCC-PDI) Competition held yesterday. The FDA funded consortium, led by the Sheikh Zayed Institute for Pediatric Surgical Innovation at Children's National Health System and the A. James Clark School of Engineering at the University of Maryland, awarded $50,000 to four companies and $25,000 to two companies.
Winning innovations receiving $50,000 awards are:
Winning innovations receiving $25,000 awards are:
"It's an honor to award these incredible innovations with this funding," said Kolaleh Eskandanian, PhD, Executive Director of NCC-PDI and the Sheikh Zayed Institute for Pediatric Surgical Innovation. "In addition to funding, we will make available our expertise in pediatric product development to help in bringing their devices to children faster." She added that the federal funds awarded can also be leveraged to raise the additional capital needed for full commercialization. Since September 2013, companies that NCC-PDI has supported have raised over $19 million.
A total of 37 submissions were received for the competition. Winners were chosen from 12 finalists who each made a five-minute presentation and then responded to judges' questions.
"Each year, the NCC-PDI competition advances the Consortium in its mission to help innovators develop and bring to market medical devices to protect the health and safety of children," said William E. Bentley, PhD, Robert E. Fischell Distinguished Professor of Bioengineering and Director of the Robert E. Fischell Institute for Biomedical Devices at the University of Maryland. "This competition was special in that it occurred on February 29, also known as 'Rare Disease Day,' a day that draws our attention to diseases or disorders that affect fewer than 200,000 individuals. Over 50 percent of rare diseases affect kids. The innovators recognized by this competition demonstrate how entrepreneurship and ingenuity can create solutions for the myriad health challenges impacting our children."
In addition to the competition, this year's event included a progress update from the 2015 awardees: Nanofiber Solutions; University of Maryland Baltimore County; PhotoniCare; LIM Innovations; and University of Minnesota.
The judging panel included Susan Alpert, MD, of SFA Consulting; Richard Greenwald, PhD, of New England Pediatric Device Consortium; James Love of Oblon; Craig Steiner, MD, and Eric Sugalski of Boston Device Development; Tracy Warren, of Astarte Ventures; and Tiffany Wilson of Global Center for Medical Innovation. Emily Blum, MD, the Joseph E. Robert Jr., Fellow in Pediatric Surgical Innovation of Children's National, served as medical consultant to the judges.
NCC-PDI was formed in September 2013 through the FDA's Pediatric Device Consortia Grant Program to provide infrastructure support and expert consultation on pediatric medical device development throughout the development lifecycle -- concept formation, prototyping, preclinical, clinical, manufacturing, marketing, and commercialization. To date, NCC-PDI has assisted 51 pediatric device projects. For more information, visit www.innovate4kids.org.
About Children's National Health System
Children's National Health System, based in Washington, DC, has been serving the nation's children since 1870. Children's National is a Leapfrog Group Top Hospital, Magnet® designated, and was ranked among the top 10 pediatric hospitals by U.S. News & World Report 2015-16. Home to the Children's Research Institute and the Sheikh Zayed Institute for Pediatric Surgical Innovation, Children's National is one of the nation's top NIH-funded pediatric institutions. With a community-based pediatric network, seven regional outpatient centers, an ambulatory surgery center, two emergency rooms, an acute care hospital, and collaborations throughout the region, Children's National is recognized for its expertise and innovation in pediatric care and as an advocate for all children. For more information, visit ChildrensNational.org, or follow us on Facebook and Twitter.
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SOURCE Children's National Health System
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