The TechCelerator@Hershey concluded its first Start-up Boot Camp in late May.
Promising entrepreneur, Dr. Joseph Sassani, opthalmologist at Penn State Milton S. Hershey Medical Center and professor of opthalmology and pathology at Penn State College of Medicine came out as the winner. Dr. Sassani was awarded the $6,000 grand prize to support the formation of Microsurgery Simulation Software, LLC.
Sassani and his team are developing the company out of Penn State, to build a simulation system to teach, test and certify medical residents and experienced surgons in microsurgery. The simulator offers a more realistic surgical experience than current simulators providing enhanced training for micro surgeons.
“The program was both fun and highly informative. It provides the business background necessary to facilitate moving new ideas from the bench to the bediste. Learning from people that have been successful in this arena makes all the difference.” – Dr. Sassani
The TechCelerator@Hershey is a program of Ben Franklin Technology Partners and is support by Penn State College of Medicine, The Harrisburg Regional Chamber and CREDC, The Pennsylvania Department of Community and Economic Development, Venture Investment Forum and the Hershey Center for Applied Research, which offers entrepreneurial training, business support and mentoring services for entrepreneurs in the life science community.
Receiving an award of $4,000 was another Penn State College of Medicine technology developed by John Wawrzyniak, a physical therapist at Penn State Hershey Medical Center in collaboration with three Medical Center physicians to develop a mobile app to assist patients in shortening the rehabilitation process.
Five other developing companies successfully participated in the eight-week program and made final presentations to a panel of judges from the regional investment community.
“We were pleased to expand the TechCelerator program to Hershey and incorporate the life sciences community. In my opinion, each participant came out of the program as a winner. The companies discussed their technology with a network of experts in order to refine their business plans and learn the skills required to pursue a start-up company” – Dick Heddleson, director of the TechCelerator@Hershey
The TechCelerator@Hershey targets Penn State researchers with the desire to commercialize intellectual property related to health and medicine. The next 8 Week Boot Camp begins on September 25th. Want to find out if the TechCelerator@Hershey is right for you? Join us on Tuesday, July 16th or Monday, August 19th for information sessions.