by • May 2, 2016 • No Comments
3D printing company TriFusion Devices has walked away of the Rice Business Plan Competition with a huge $400,000 in prize money.
The company, which is based at Texas A&M University, aims to revolutionize the prosthetics industry with the assist of additive printing. It is a seriously profitable niche with a social payoff. So if TriFusion Devices lives up to the future best known by 275 judges which took part in the awards scheme, it is set to do quite well.
Prosthetics are expensive
Prosthetic legs can cost up to $30,000 and they take weeks to manufacture. Whilst the innovation has improved, users yet have trouble with poorly fitting limbs. That can outcome in pistoning, the movement of the leg in the socket, which frequently leads to bruising, skin problems and actually infections. Even if this does not take place and so poor symmetry can lead to back problems and other issues additional down the line, as well as easy discomfort right now.
Even in these days, patients frequently end up modifying their own prosthetic device with padding. That affects the functionality and only should not be necessary now which we have the means to turn it into a ideal fit. If which’s not adequate, the legs can wear out inside five years and which means the whole expensive system has to begin again.
Titanium and aluminum have taken over of steel in most cases in the pylon and joints, while the cup is created of polypropylene. This is an improvement in terms of durability, mass and patient comfort, but we are now looking at a revolution.
Are nanotubes the answer?
TriFusion Devices has discovered a way to weld carbon nanotubes with microwaves to turn it into a lightmass prosthetic inside 48 hours. It in addition fits ideally, initially time, thanks to high end 3D scanning techniques.
This thermal welding technique does not only allow the beginup to create a leg faster than the current suppliers, it in addition reduces the cost significantly.
That was the main thrust of TriFusion Devices 15-minute pitch, followed by a 60-second elevator pitch on the night of the awards. $400,000 for 16 minutes is excellent going, but of course the team behind the prosthetic have worked for years towards this end.
This goes beyond prosthetics
Prosthetics are only the begin, too, as the welded nanotubes can be utilized for sporting equipment, body armour and all kinds of protective gear, as well as custom clothing and orthotics.
Carbon nanotubes may manufacture advantageous, lighter skis, tennis rackets and helmets. In fact, there are so most applications which the company had to narrow its focus to prosthetics only to manufacture a significant begin.
If it can turn this ground-breaking prosthetic into a production reality, and so TriFusion Devices and Texas A&M quite may leave a lasting impact on the medical world. These limbs may donate individuals a new lease of life, as well as idealing a new production technique which has been mooted for years in different types of forms.
Carbon nanotubes are becoming increasingly common in batteries, electromagnetic antenna and other devices, but if we can use them in this way, as a construction tool, they quite may alter the world.
A breakdown of the prize fund
TriFusion Devices’s winnings were created up of a number of prizes. They include the $300,000 Investment Prize of the GOOSE Society of Texas, $60,000 of RBPC Angel Investment and a marketing and create services award of BrandExtract and The Padgett Group worth $25,000.
Website development and hosting services valued at $30,000 by ContentActive were part of the box, together with treasury services of the Bank of America and a selection of smaller in size prizes.
Whilst the $400,000 prize fund is a excellent begin, it is not adequate. The university-based company needs to raise $1.8 million to put its plans into action. With such revolutionary innovation at its fingertips, yet, it may take a brave man to bet against them.
by admin • March 5, 2017
by admin • November 28, 2016
by admin • November 28, 2016