A Bethesda, Maryland startup BrainScope has been awarded a $2.67 million contract over two years to develop a miniature, hand-held, non-invasive medical devices that can rapidly evaluate traumatic brain injury in the field.
Industry: Medical Devices
Solution/Product: BrainScope has developed the Ahead system to help to triage patients who may have traumatic brain jury, including concussions.
How the money will be used:The award will help to merge the company’s technological platform – BrainScope Aheah – with smartphone technology available today to allow those types of devices the ability to assess traumatic brain injury in the field.
Investors:U.S. Army Rapid Innovation Fund Research Contract; other investors are Revolution LLC,Shaman Ventures, ZG Ventures, Maryland Venture Fund and Brain Trust Accelerator Fund.
Management team: Michael Singer, President & CEO;Bill Koppes, Vice President, Commercial Product Development and Manufacturing; Douglas Oberly, Executive Director, Clinical Affairs
Market: While this contract is for military assessment in the field, BrainScope is looking at a broader civilian market, where roughly 1.6 million to 3.8 million sports-related traumatuc brain injuries occur annually.
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By Arundhati Parmar
Arundhati Parmar is the Medical Devices Reporter at MedCity News. She has covered medical technology since 2008 and specialized in business journalism since 2001. Parmar has three degrees from three continents - a Bachelor of Arts in English from Jadavpur University, Kolkata, India; a Masters in English Literature from the University of Sydney, Australia and a Masters in Journalism from Northwestern University in Chicago. She has sworn never to enter a classroom again.More posts by Author
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