Monday, March 13, 2023 / by Juan Grimaldo
Pair of Arizona medical startups win federal grants to advance toward commercialization
A pair of Arizona medical startups have been awarded more than $1.2 million in separate small business grants from the National Science Foundation as they develop new treatment options.
The largest of the two grants is going to Surprise-based biotechnology company ReSuture, which is getting $996,413 in Phase II Small Business Research, or SBIR, grant money to support commercialization of its technology, which is intended to use simulated surgery, sensing and machine learning to improve vascular surgical operations.
The technology is “a combination of lifelike physical simulations, novel sensors, and robust data analysis,” as ReSuture co-founder and COO Benjamin Knapp put it in a statement. He said the funds will help with sensor integration and commercial scaling of an open vascular training system, development of sensors and data analysis for surgical performance using machine learning, and a developing a feasibility study on an end-vascular training system that can evaluate surgical performance.
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By Jeff Gifford - Digital Editor