A Purdue University www.purdue.edu affiliated software startup AccuPS LLC recently received www.accups.com $100,000 in investment funding to assist in further development. The startup AccuPS developed the AeroWand™, a high definition 3-D motion tracking technology to provide a way for mobile Virtual Reality (VR) users to interact in the VR space.
The device requires setup using minimal wires or cameras to install. The technology includes a head tracking device, hand controller, and a transmitting antenna capable of plugging into the user’s smartphone to enable tracing signals.
The AccuPS technology has been licensed through the Purdue Research Foundation (PRF) www.prf.org a private nonprofit foundation. The PRF Office of Technology Commercialization (OTC) www.prf.org/otc supports the economic development and licensing issues involved in getting new technologies through the commercialization process.
In another funding announcement to help a startup, Cook Medical and PRF have provided $3.2 million in startups to help commercialize innovations developed at Purdue University www.purdue.edu. The Foundry Investment Fund www.prf.org/otc/startups/funding/foundry-investment-fund.html is designed to help emerging biomedical and life sciences move to the public at an accelerated pace.
For example, Symic Bio Inc. www.symic.bio, a life sciences company originating from Purdue University’s School of Biomedical Engineering https://engineering.purdue.edu, has received nearly $480,000 to develop new therapeutics for multiple diseases including cancer and osteoarthritis with some already in clinical trials.
The Purdue/Cook Medical collaborations began with Bill Cook the Founder of Cook Medical and Les Geddes an innovator who shared a vision to move Geddes biomedical discoveries to the public. Today more than 1.5 million patient treatments have been generated from the Geddes-developed health innovations.