October 15, 2010
An Ohio State University startup thinks its technology will change the way researchers test the latest cancer drugs in the lab. Nanofiber Solutions uses polymer nanofibers to more accurately simulate the three-dimensional structure of human tissue in cell culture dishes.
The company was born out of an entry in OSU’s Fisher College of Business Deloitte business plan competition by co-founder and then-doctoral student Jed Johnson, who was studying materials science engineering. After winning the contest and $90,000 in cash and in-kind services, Johnson teamed up with Lannutti, an Ohio State materials science engineering professor, to build the company.
So far the company has raised around $500,000, including a $50,000 TechGenesis grant. But like most startups, Nanofiber Solutions is going to need additional cash to ramp up commercialization efforts. Obtaining funding would help the company tackle many of its other challenges, which include increasing production capacity, overcoming potential regulatory hurdles, and demonstrating that its product is superior to what else is on the market.
For more information on Nanofiber Solutions, see the full story in MedCity News.
Release Date: | Oct 15 2010 7:32am |
Source: | TechWeek |
Author: | TechWeek Editor |
Phone: | (614) 487-3700 |
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Email: | Editor@TechColumbus.org |