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Colorado Med Device Company dBMEDx Wins the Venture Showcase Competition at BioWest 2014

dBMEDx (Littleton, CO) won the Venture Showcase competition at the 2014 BioWest Conference & Expo (dBMEDx CEO David Shine delivered the winning pitch). Organized by the Colorado BioScience Association (CBSA), the 2014 Venture Showcase featured three finalists competing for a $7,500 cash prize. Each presented their technologies and business plans in front of a live audience to a panel of bioscience experts and venture capitalists.

Denver, CO, September 11, 2014 – dBMEDx (Littleton) won the 2014 Venture Showcase competition at the BioWest Conference & Expo yesterday at the Marriott City Center Denver, receiving the $7,500 cash prize. The announcement is made by April Giles, Colorado BioScience Association (CBSA) President & CEO who says, “We are very proud to announce dBMEDx as the winner of the Venture Showcase. The check presentation was an exciting end to the BioWest Conference. The award not only includes the cash prize of $7,500 but also includes recognition and exposure for the company. ” This award is sponsored by Dorsey & Whitney LLP and The Metro Denver Economic Development Corporation. BioWest, the Rocky Mountain Region's premier medical device and biotechnology conference, is organized by the CBSA and held every other year.

dBMEDx is a Colorado-based medical device development company that is creating clinical decision and patient monitoring devices using its patented, non-invasive scanning technology. These devices combine the power and safety of ultrasound with sophisticated image processing electronics and software to provide simple, fully automated and completely noninvasive diagnostic measurements. Fully automated means that very little training is required and the user does not need any experience with ultrasound to use our devices. To enable this level of automation, dBMEDx has successfully created and patented an extremely compact, wireless, 3D scan engine.

The scan engine, which can be held in the palm of the hand, includes a complete 3D ultrasound imaging machine and automated image processor within a small, sealed tube.  The system also includes an integrated Bluetooth radio and rechargeable battery, which is inductively charged. The company is in the process of commercializing the first application for this technology, the BBS Revolution™ device for automated bladder volume measurement, and has a range of pipeline of products for other clinical applications as well. Visit: http://www.dbmedx.com. 

The Venture Showcase format allowed each company’s lead executive to make a 15-minute presentation with an accompanying slide deck explaining their technology and business plan to a panel of judges in front of a live audience.  This year's judging panel included the following:  

• Michael Weiner, Partner, Dorsey
• Ned Scheetz, Managing Director, Aphelion Capital
• Steve VanNurden, President & CEO, Fitzsimons Redevelopment Authority

The three 2014 Venture Showcase finalists included:

dBMEDx – Littleton http://www.dbmedx.com

KromaTiD, Inc. - Fort Collins http://www.kromatid.com

Mighty Oak Medical – Englewood http://www.mightyoakmedical.com


The BioWest Conference was attended by more than 300 industry leaders, government representatives, executives, researchers, investors and entrepreneurs. “We look forward to the continued growth of the bioscience industry and presenting the conference in again 2016,” Giles concludes.

About Colorado BioScience Association

 

CBSA is a not-for-profit organization providing services and support for Colorado's bioscience industry. With more than 350 members, CBSA actively works to promote the growth of the industry by advocating for a better business environment, growing the state's biotech workforce, fighting for policies that support a strong bioscience industry in the state, and speaking with a single voice on behalf of the industry. For more information, visit http://www.cobioscience.com.

 

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Contact:

 

Maggie Chamberlin Holben, APR, Absolutely Public Relations - http://www.absolutelypr.com  - 303-984-9801, maggie@absolutelypr.com