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Second Annual Pediatric Device Innovation Competition Awards $250,000
On Thursday, Feb. 12, five pediatric medical device innovators were awarded $50,000 each in seed funding at the second annual National Capital Consortium for Pediatric Device INnovation (NCC-PDI) Competition.
The Food and Drug Administration (FDA) funded consortium, led by the Sheikh Zayed Institute for Pediatric Surgical Innovation at Children’s National Health System and the A. James Clark School of Engineering at the University of Maryland, awarded $250,000 in grant money to companies with promising pediatric medical devices that address a significant unmet pediatric need.
This year's winning innovations were:
“Competitions like this are designed to advance promising pediatric device projects to enter the market,” said Peter Kim, MD, CM, Ph.D., vice president of the Sheikh Zayed Institute for Pediatric Surgical Innovation. “Ultimately, the success of our program is measured by market availability of devices designed for and tested in children, and we consult and support innovators who are passionate about children’s wellbeing.”
A total of 31 submissions were received for the competition and winners were chosen from 12 finalists who each made a five-minute presentation to the audience and then responded to judges' questions.
“The NCC-PDI competition furthers the Consortium’s commitment to foster collaboration and entrepreneurship to catalyze medical device development for children,” said William E. Bentley, Ph.D., Robert E. Fischell Distinguished Professor and chair of the Fischell Department of Bioengineering at the University of Maryland. “The groups taking part in this competition recognize that many of the health problems impacting children today cannot be solved using the same devices or treatment options that are available to adult populations. Even more, the solutions put forth by these innovators further demonstrate how today’s bioengineers are uniquely positioned to improve quality of life for patients who may have once believed treatment was out of reach.”
In addition to the competition, this year’s event included a progress update from the 2014 awardees, a pediatric device innovation expo, and an inside look at the rapid prototyping lab at the University of Maryland Technology Enterprise Institute (Mtech) and the student Startup Shell. An initiative of the A. James Clark School of Engineering, Mtech is a national leader in entrepreneurship and innovation education and venture creation, helping to build successful university-company partnerships. In line with this vision, in 2012, a small group of entrepreneurial students launched UMD’s Startup Shell to create a multidisciplinary collaborative, community of innovators focused on creating projects, events, classes, and companies to better meet the rapidly growing needs of the student entrepreneurs on campus.
National Capital Consortium for Pediatric Device Innovation (NCC-PDI) is funded through FDA’s Pediatric Device Consortia Grant Program. Formed in 2013, the Consortium provides infrastructure support and expert consultation on pediatric medical device development throughout the development lifecycle - concept formation, prototyping, preclinical, clinical, manufacturing, marketing, and commercialization.
For more information about the NCC-PDI, visit www.innovate4kids.org.
February 17, 2015