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.
With the Rise of AI, What IP Disputes in Healthcare Are Likely to Emerge?
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
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.