Navigation Links
Leto Solutions honored as 1 of top 10 best companies at 2014 Texas Life Science Forum
Date:2/25/2014

Leto Solutions Inc., a San Antonio-based early stage medical device company founded by students at The University of Texas at San Antonio (UTSA), was honored at the Texas Life Science Forum as one of only ten Rice Alliance Life Science Companies recognized for having the best business opportunity and promise for high value commercialization. Fifty-five medical technology, biotech and pharma companies competed in the event on Thursday, February 20 in Houston, Texas.

"We are very honored to receive this award and recognition from the Texas Life Science Forum," commented Becky Ariana, CEO of Leto Solutions. "Leto Solutions was certainly one of the earliest stage companies participating in the event. This recognition, validation, and exposure is extremely valuable as we continue our efforts to raise seed funding that will be used to commercialize our first product for below-the-knee amputees and design our above-the-knee system."

Leto Solutions is an early stage medical device company based in San Antonio at the San Antonio Technology Center (SATC), focused on improving the comfort and quality of life for lower limb amputees. Inspired by one of the company founders, Gary Walters, a US Army veteran whose right leg was amputated due to injuries he sustained while serving in Iraq, the company's Aquilonix Prosthesis Cooling System solves a problem common to all lower limb amputees: heat. The heat that is generated and the sweat that accumulates at the site where the amputee's residual limb meets the socket of the prosthesis is intense, uncomfortable, and frequently disrupts routine, daily activities. Serious and costly medical problems, such as rash, blisters, skin ulcers, and infections can also result. The Aquilonix System resolves these problems by thermoelectrically cooling and dissipating heat from the prosthetic socket.

Developed in 2013 by a team of UTSA engineering and business seniors who won first place at the UTSA Center for Innovation and Technology Entrepreneurship (CITE) Student Technology Venture Competition, Leto Solutions has gained steady momentum since then.

Cory Hallam, Director of CITE, commented, "At UTSA we have infused an interdisciplinary culture of technology entrepreneurship amongst our students. Through Boot Camps, Mentoring Programs, Academic Course Work, Incubation, and our $100K Student Technology Venture Competition, UTSA is the leading entrepreneurial institution in the region. Leto Solutions is a prime example of how UTSA challenges and supports young technology entrepreneurs to have the audacity to try and change the world, and this start up might just do that!"

The third annual Texas Life Science Forum was hosted by the Rice Alliance for Technology and Entrepreneurship, BioHouston and the Texas Healthcare and BioScience Institute at the BioScience Research Collaborative. Each company provided a five-minute business plan presentation. A group of investors, industry experts and business leaders from around the country reviewed the 55 presenting companies and selected ten, including Leto, as the "Rice Alliance Life Science Companies" for having the best business opportunity and promise for high value commercialization.

"This kind of recognition demonstrates the value being created by local institutions and life science companies as part of San Antonio's innovation ecosystem," said Ann Stevens, President of BioMed SA, which served as a community partner for the statewide forum. "Leto is one of the latest examples of San Antonio companies being recognized for bringing novel technology to market to address unmet medical needs."

"Every year the quality of companies improves," said Rice Alliance Managing Director Brad Burke, who announced the winners at the event. "This year we had a diversity of companies, including rapid, in-office diagnosis of ENT illnesses to a catheter-based, minimally-invasive heart pump for the treatment of chronic heart failure. As a group, the companies this year are further along which makes them more appealing to current investors, who have commented on the improved quality of the companies."

The event is the largest life science venture capital conference in the Southwest and featured more than 70 industry and investment speakers. Among the 600+ attendees were venture capitalists and other investors, entrepreneurs, industry representatives, business leaders and service providers.


'/>"/>
Contact: KC Gonzalez
kc.gonzalez@utsa.edu
210-441-9121
University of Texas at San Antonio
Source:Eurekalert

Related biology news :

1. MedNet Solutions Announces Latest Release Of Its Innovative iMedNet EDC eClinical Solution
2. Synaptics to Showcase Industry-Leading Human Interface Solutions At 2014 Consumer Electronics Show
3. Malaria conference looks to Israels past for modern solutions
4. Turning problems into solutions: Land management as a key to countering butterfly declines
5. NSF awards to UT Arlington researchers will fuel sustainable solutions
6. DigitalPersona Expands Secure Banking Solutions Portfolio with Software Acquisition
7. MedNet Solutions Proudly Welcomes Accelovance To The iMedNet Partner Program
8. Marvin Test Solutions Featured at AUTOTESTCON 2013 with Leading Armament Experts and Test Systems
9. MedNet Solutions To Sponsor The SCDM Annual Conference For The Eighth Straight Year
10. Subdiaphragmatic vagotomy reduces intake of sweet-tasting solutions in rats
11. IriTech launches iris-recognition-based solutions for workforce and identity management
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/20/2016)... June 20, 2016 Securus Technologies, a ... solutions for public safety, investigation, corrections and monitoring ... involved, it has secured the final acceptance by ... for Managed Access Systems (MAS) installed. Furthermore, Securus ... to be installed by October, 2016. MAS distinguishes ...
(Date:6/9/2016)... 2016 Paris Police Prefecture ... security solution to ensure the safety of people and operations ... the major tournament Teleste, an international technology group ... announced today that its video security solution will be utilised ... up public safety across the country. The system roll-out is ...
(Date:6/2/2016)... YORK , June 2, 2016   The Weather ... is announcing Watson Ads, an industry-first capability in which consumers ... by being able to ask questions via voice or text ... Marketers have long sought ... the consumer, that can be personal, relevant and valuable; and ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... , June 23, 2016  The Prostate Cancer Foundation (PCF) ... precise treatments and faster cures for prostate cancer. Members of the Class of ... 15 countries. Read More About the Class of 2016 ... ... ...
(Date:6/23/2016)... ... 2016 , ... Supplyframe, the Industry Network for electronics hardware ... . Located in Pasadena, Calif., the Design Lab’s mission is to bring together ... built and brought to market. , The Design Lab is Supplyframe’s physical representation ...
(Date:6/23/2016)... Ky. , June 23, 2016 ... two Phase 1 clinical trials of its complement ... placebo-controlled, single and multiple ascending dose studies designed ... pharmacodynamics (PD) of subcutaneous injection in healthy adult ... subcutaneously (SC) either as a single dose (ranging ...
(Date:6/23/2016)... On Wednesday, June 22, 2016, the ... the Dow Jones Industrial Average edged 0.27% lower to finish ... 0.17%. Stock-Callers.com has initiated coverage on the following equities: Infinity ... NKTR ), Aralez Pharmaceuticals Inc. (NASDAQ: ... ). Learn more about these stocks by accessing their free ...
Breaking Biology Technology: