Biotech Business Week
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Awards
Medical device company wins entrepreneurship competition
June 6th, 2005
For the fourth year in a row, a medical device company has won the Robert P. Goldberg Grand Prize in the MIT $50K Entrepreneurship Competition held at MIT. Balico, who has designed a wearable, vibrotactile balance aid that will benefit aging adults and individuals whose primary sensing systems are affected by disease, was awarded $30,000 in start-up money. First runner-up was Nanocell Power, whose patented technology will enable the viability of fuel cells for portable electronics. Vacuum Excavation Technology, which has created a new, patented excavation device, was named second runner-up. Each runner-up team received $10,000. The oldest and best...
Source: Biotech Business Week (2005-06-06)
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