7/1/2009
MedCheck Solutions won the Advanced Invention to Venture (AI2V) prize in the recent V. Dale Cozad New Venture Competition (CNVC), organized by the Technology Entrepreneurship Center.
Written by
MedCheck Solutions won the Advanced Invention to Venture (AI2V) prize in the recent V. Dale Cozad New Venture Competition (CNVC), organized by the Technology Entrepreneurship Center.
MedCheck Solutions proposed the development of a portable, handheld device, Medcheck, to electronically document and access medical records for use in health-care facilities. MedCheck will not only work alongside existing electronic-medical-record (EMR) software and hardware but will present a solution for most of the current challenges in EMR, including ease-of-use, affordability, readability and privacy. It will offer a unified EMR platform containing patient history, medical yellow pages, medical encyclopedias, and, primarily, a novel checklist system that has been shown to dramatically improve success rate of several medical procedures (amounting to saving millions of lives and billions of dollars) by drastically reducing medical errors.
MedCheck team: (l to r) Radhika Rangarajan, Guy Tal, Travis Dirks, Valerie Blomgren
AI2V provides a unique opportunity for a startup to conduct critical and strategic thinking about their venture with assigned mentors who are accomplished entrepreneurs in specific industries. The MedCheck team included Travis Dirks graduate student in Physics), Radhika Rangarajan (graduate student in Physics), Guy Tal (graduate student in Mathematics, formerly in Physics), and Valerie Blomgren (B.A in Dance, now majoring in Surveying).
The Cozad New Venture Competition: The V. Dale Cozad New Venture Competition (CNVC), organized by the Technology Entrepreneurship Center, is designed to encourage students, researchers, and community members to create new sustainable businesses. The contest encourages the development of the entrepreneurial spirit through teamwork and competition. Teams will present their business plans and compete for an estimated $60,000 in cash, plus valuable in-kind prizes. Winners will be judged by a panel of venture capitalists, early stage investors and successful entrepreneurs in the finals round.
Contact: Rhiannon Clifton, assistant director, Technology Entrepreneur Center, 217/244-4035.
If you have any questions about the College of Engineering, or other story ideas, contact Rick Kubetz, Engineering Communications Office, 217/244-7716, writer/editor.
(posted 13 Apr 2009)