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Medical device company wins MIT $50K Entrepreneurship Competition

New wearable balance aid to benefit aging adults

For the fourth year in a row, a medical device company has won the Robert P. Goldberg Grand Prize in the MIT $50K Entrepreneurship Competition held last night at MIT. Balico, who has designed a wearable, vibrotactile balance aid that will benefit aging adults and individuals whose primary sensing systems are affected by disease, was awarded $30,000 in start-up money.

First runner-up was Nanocell Power, whose patented technology will enable the viability of fuel cells for portable electronics. Vacuum Excavation Technology, which has created a new, patented excavation device, was named second runner-up. Each runner-up team received $10,000.

Full Story: http://www.investors.com/breakingnews.asp?journalid=27490358
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Remember the upcoming The 16th Annual John Ruffatto Business Plan Competition, 5/12, U Of M Missoula http://www.matr.net/article-13730.html

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