Aid Networks LLC, a company founded by Hinman CEOs includinig David Crawford ('09, computer engineering) placed second overall and won the Sansum Laser Eye Center Entrepreneurial Vision Award in the national Spirit of Entrepreneurship and Enterprise Development (SEED) competition in Santa Barbara, Ca., held March 2-3, 2007.
Aid Networks seeks to significantly improve patient safety by applying innovative information technologies to the conventional medical device industry.
The company is working with researchers at Harvard University on software related to its product.
The Aid Network team competed against nine semifinalists and four finalists for the SEED awards.
The vision of SEED is to help top collegiate ventures secure capital funding. SEED completes preliminary due diligence on dozens of business plans submitted, then invites the most promising ventures to present their business plans to a world-class panel of evaluators, early-stage investors, and product development and market-industry specialists. At the recent forum, SEED attracted more than 40 qualified investors to see the presentations (angel investors, hedge fund managers, private equity managers, venture capital fund managers, and investment bankers).
Aid Networks is also a semi-finalist in the University of Maryland $50K Business Plan Competition. Finals are held on April 27, 2007.