Professor of physics at the University of Notre Dame Steven Ruggiero, alongside Carol Tanner, founded LightSprite, a company that won the second place and a prize of $ 15,000 at the inaugural nanotechnology New Ventures competition, sponsored by Purdue University and the University of Notre Dame at Purdue on Friday. (Photo supplied)Biomedical citrics, a society Innovation Park, won the top prize at the inaugural that nanotechnology New Ventures competition held on the campus of Purdue University on Friday.
Led by Notre Dame graduate A.J. Noronh and Matthew Vaughn, the company has won a prize of $ 30,000 for his presentation of the business plan on its Nanocomposites product called CitrOSponge.
The substance makes the healing bone and helpers in hard tissue regeneration.
By phone from Chicago on Saturday, Vaughn explained that citrosponge would be used as a scaffold of sorts, to fill the void created after a surgeon removes a bone tumor.
While there are other bony cavity filler on the market, he said, that do not offer the same kind of controlled degradation that would be CitrOSponge.
As regards the award of $ 30,000, it will be used to further develop the business, he said.
LightSprite, led by Notre Dame physics professor Steven Ruggiero and Carol Tanner, finished second and received $ 15,000.
Ruggiero and Tanner LightSprite launched for the creation of a platform designed to characterize nanoparticles and pathogens, a process which has environmental applications in the detection of invasive species as well as geometrical characteristics of proteins.
Tymora analytic, founded by Purdue Professor Andy Tao and Anton Iliuk research assistants and Juan Martinez, collected the prize of $ 10,000 for third place.
MagnAgents and MT2, two subsidiary with Purdue, received $ 1000 as classified in the fourth and fifth place in the event that, in the Burton d. Morgan Center Discovery Park for entrepreneurship and sponsored by Purdue and Notre Dame.
The five finalists were selected by judges from an initial list of 23 entries.
To compete, the contestants had to be affiliated with the State of Indiana through a public or private university or College, or another supported State organization.
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