Navigation Links
JumpStart Invests in Tursiop Technologies
Date:6/19/2008

CLEVELAND, June 19 /PRNewswire/ -- JumpStart Inc., the Northeast Ohio venture development organization that accelerates the growth of innovative early-stage businesses and ideas, has announced an investment commitment of $350,000 in Cleveland-based Tursiop Technologies, LLC. The JumpStart investment is part of a recently closed investment round that included $1 million from RMS Management of Cleveland, OH.

(Logo: http://www.newscom.com/cgi-bin/prnh/20060209/CLJUMPSTARTLOGO )

Tursiop is developing a novel nanomaterial-based coil for magnetic resonance scanners. This new type of coil will bring fundamental change to the MRI market through its improved image quality, compared to conventional coil technologies. Targeting a projected billion dollar market by 2012, Tursiop has already built, tested, and generated images with several prototype coils. These coils have outperformed conventional coils and the Tursiop team, including CEO Brad Goldstein, believes that with additional development further significant gains will be achieved.

"Our patent-pending technology is based on a fundamental change in the way the coils are designed and manufactured," said Goldstein. "We at Tursiop are excited to be at the nexus of medical imaging and nanotechnology and look forward to providing clinicians the means to enhance the diagnosis and treatment of some of the major health concerns of our time, including heart disease, neurological disorders, and cancer."

JumpStart Entrepreneur-in-Residence Kevin Mendelsohn will be working with the company. "MRI scanners and coils are mature technologies that have experienced only incremental change over the past 10 to 15 years," Mendelsohn said. "Currently, the most effective method of improving image quality is through increased magnet strength, which is a costly alternative. The other is through the use of specialty coils, but when compared to increased magnet strength, the improvement has been relatively small. Tursiop's coils offer improved imaging performance comparable to that of a more powerful scanner, but at a much lower cost," he concluded.

With the close of this investment round, Tursiop plans to establish office and laboratory spaces, continue research and product development, and begin the FDA approval process.

This is JumpStart's 41st investment in its 30th company. Other healthcare companies in JumpStart's portfolio include AcelleRX Therapeutics, AnalizaDx, CardioInsight Technologies, CerviLenz, Great Lakes Pharmaceuticals, Synapse Biomedical and Telerad Express.

About Tursiop Technologies, LLC

Tursiop Technologies is developing revolutionary MRI coil devices utilizing proprietary nanotechnology, which will produce higher image quality and faster scan times resulting in a significant boost of the functional capabilities of any installed MRI system. Tursiop-generated imaging enhancements will apply across the entire range of MRI system field strengths, from low-field to high-field systems. Increased diagnostic competency will lead to improved patient outcomes and open the doors to new therapeutic opportunities within the areas of interventional, intra-operative and functional MRI and molecular imaging.

About RMS Management

RMS Management is an integrated family office that was formed in 1991 and is comprised of a diverse group of individuals and institutions providing financial and personal services to the founding families of a publicly traded real estate company. The company strives to enhance the professional and personal goals and objectives of every generation of the Ratner, Miller and Shafran families.

About JumpStart Inc.

JumpStart ( http://www.jumpstartinc.org ) accelerates the growth of innovative early-stage businesses and ideas into venture-ready companies by delivering vital, focused resources to entrepreneurs and the community of Northeast Ohio. JumpStart identifies and invests in early-stage companies that have strong potential in the marketplace, solid prospects for high growth, and are likely to qualify for later-stage funding. Beyond investing, the JumpStart team provides a continuum of business development services to its client companies to help ensure their success.


'/>"/>
SOURCE JumpStart Inc.
Copyright©2008 PR Newswire.
All rights reserved

Related biology technology :

1. JIC Invests in Three New Alternative Energy Projects
2. Powersafe Technology Corp. Recapitalizes, Executes Merger Agreement with Amplification Technologies, and Invests in Amplification
3. Roche Molecular Diagnostics Invests $57.5 Million in Green Research Building
4. The Pittsburgh Life Sciences Greenhouse Invests $100,000 in ParentPlus
5. The PLSG Invests $115,000 in Innovention Technologies, LLC
6. The PLSG Invests $150,000 in Coventina Healthcare Enterprises, Inc., Its Eighth Company Relocation to Pittsburgh
7. Applied Computational Technologies Appoints a New CEO
8. PAL Health Technologies Debuts Xtremityscan System at Western Podiatric Medical Congress
9. Senesco Technologies to Present at BIO 2008 Business Forum
10. BioSpecifics Technologies Corp. Announces Additional Sales of Stock in Private Placement Offering
11. Spine Surgeons at Pine Creek Medical Center Take the Lead in Utilizing Stem Cell Technologies in Surgical Procedures
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/8/2016)... ... February 08, 2016 , ... Bulk food ... bulk foods at various stages of the production process. Despite frequently inspecting loose ... bulk products post packaging such as sacks of dry powders. , Mettler-Toledo Product ...
(Date:2/8/2016)... 2016 --> ... "Company"), the ultra-rapid Point-Of-Care (POC) molecular diagnostics company, today announces ... trachomatis (CT) test to be launched on the Company,s io® ... the CT test is now cleared for sale within the ... The launch of the io® CT test signals a new ...
(Date:2/5/2016)... Feb. 5, 2016 On Thursday, February 11, ... source for community, health and disaster services, and the ... integrate to enhance care coordination and service delivery for ... they need and to better connect service providers to ... San Diego has handled more ...
(Date:2/4/2016)... Feb. 4, 2016  Sangamo BioSciences, Inc. (NASDAQ: ... today that Edward Lanphier , Sangamo,s president and ... progress of Sangamo,s ZFP Therapeutic ® development programs ... 2:40 pm ET on Thursday, February 11, 2016, at ... Conference. The conference is being held in ...
Breaking Biology Technology:
(Date:2/3/2016)... 2016 Vigilant Solutions announces today that the ... Missouri solved two recent hit-and-run cases ... from Vigilant Solutions. Brian Wenberg explains, ... victim was walking out of a convenience store and witnessed an elderly male ... vehicle, striking his vehicle and leaving the scene.  In ...
(Date:2/2/2016)... NEW YORK , Feb. 2, 2016 ... healthcare facilities are primarily focused on medical ... that measure point-of-care parameters. Wearable devices that ... a user,s freedom of movement are being ... sensors for human biomedical signal acquisition coupled ...
(Date:2/2/2016)... 2016 Checkpoint Inhibitors for Cancer – ... Are you interested in the future of cancer ... inhibitors. Visiongain,s report gives those predictions to 2026 ... level. Avoid falling behind in data or ... revenues those emerging cancer therapies can achieve. There ...
Breaking Biology News(10 mins):