Georgia Tech’s coveted first place InVenture Prize of $20,000 was awarded this week to Ethos Medical, a company created by former biomedical and mechanical engineering students. The prize is the culmination of a faculty-led innovation competition among current and recently graduated Georgia Tech students, sometimes called American Idol for Nerds.
As undergraduates, the Ethos Medical team began working on their product, which makes spinal taps for epidural anesthesia faster and safer via a real-time needle guidance system that can be used at a patient’s bedside. Since they graduated last year, the company founders have been working full-time on development of their device.
Ethos Medical was one of six finalist teams competing for the Inventure Prize. The final round of the competition, in which teams pitched their inventions to a panel of three expert judges, was televised live on Georgia Public Broadcasting stations. In addition to the cash prize, Ethos Medical will receive patent licensing assistance and acceptance into Georgia Tech’s CREATE-X start-up program.
The TremorTrainer team, which pitched a glove to assist people with hand tremors, received the second-place prize of $10,000 and patent assistance; and the Nix team, developers of an e-cigarette to help people stop smoking, received the People’s Choice Award of $5,000 as a result of online and text voting during the show.
Next stop for Ethos Medical is the Atlantic Coast Conference (ACC) InVenture Prize competition in North Carolina next month, where the company will challenge inventions from 15 ACC universities.
Photo: Cassidy Wang, left, and Lucas Muller, right, founders of Ethos Medical, with Georgia Tech Biomedical Engineering Professor James Rains, center
Photo by Koko Hunt.