September 27, 2019

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Investing in the Future of Duke Technologies


On Tuesday, over 20 angel investor organizations, venture capitalists, and other local family investors came together for the first Duke Investor Day to listen to pitches featuring 11 start-ups formed from research at Duke University.

This day-long event showcased start-ups from a variety of industries including medical device, software, and health IT looking for investment.

The overall goal of the event was to provide an environment for investment networking on Duke’s campus. Hosted by Duke New Ventures (DNV), an initiative out of the Office of Licensing & Ventures (OLV), this inaugural Investor Day provided researchers the opportunity to present their innovation-driven solutions while finding potential investors for moving their ideas forward.

Wes Hill from Mente presented at Duke Investor Day
Wes Hill demonstrated the inefficient use of surgical tools that Mente can solve by tracking their use.

“Investor Day allows us to feature some of Duke’s best and brightest innovations,” said Rob Hallford, Director of DNV. “Our objective was to put presenters and investors in a forum to have meaningful conversations around growing, strengthening, and accelerating innovations coming out of Duke.”

Moving Duke into the national conversation for innovation and entrepreneurship is a priority for the University. Over the past 5 years, Duke has helped to spin-out 58 new start-up companies.

16 new start-up companies are added to the tally this fiscal year with 14 of this year’s 16 staying in North Carolina. 29 of 32 total start-ups remaining in the Triangle over the past two years. Additionally, the companies launched this past fiscal year raised $372 million, bringing the total capital raised in the past 25 years to just over $5.4 billion.

 

Meet the Presenters

 

  • Lacuna MedicalCreated a 3D shaped catheter that is more resistant to catheter failure.
  • Lumedica VisionDeveloped a new low-cost optical coherence tomography (OCT) scanner that could make eye imaging more affordable, accessible, and easier to use.
  • Mente-RFID inside sterilizable tape that allows surgical instruments to be counted and tracked through the OR
  • METIS Health Analytics-Radiation dose monitoring and image optimization software
  • PhitonexTunable fluorescent labels for flow cytometry and other applications
  • Microelastic Ultrasound Systems-Hardware for ultrasound elastography imaging of sclerotic diseases
  • Seneca Devices-Pneumatic systems to adjust patient position in hospital beds
  • Multi3DManufacturing and printing process for 3D
  • Verity-Videos for post-op efficiency communicating instructions to help patients know what to do (gastroenterology content).
  • Tumult Labs-Algorithm and software platform that systematically de-identifies data such that original data cannot be reconstructed
  • CasTag BiosciencesHigh throughput genetic modifications via CRISPR