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JumpStart Ventures Invests in Cleveland-based SPR Therapeutics
Date:4/26/2011

nt of Clinical Affairs at NDI Medical, who helped develop a neurostimulation system that was acquired by Medtronic in 2008 for $42 million.  She is also an alumna of Springboard Enterprises, the leading venture catalyst organization for women-led businesses.

"Our Smartpatch pain therapy has the potential to revolutionize the field of pain management," said Bennett, SPR Therapeutics President and CEO.  "I am thrilled to have JumpStart Ventures' support in our mission to provide clinicians with a simple and effective therapy to reduce or eliminate their patients' pain and ultimately improve their patients' quality of life." 

SPR Therapeutics has received Small Business Innovation Research grants from the federal government and a $100,000 grant from the Innovation Fund.  The investment represents JumpStart Ventures' 76th investment in its 54th company.

About SPR Therapeutics

SPR™ Therapeutics is a medical device company, commercializing pain therapies utilizing its proprietary neurostimulation products. The company seeks to provide clinicians with a simple and effective therapy to reduce or eliminate their patients' pain and ultimately improve their patients' quality of life. The first product to be commercialized is the SMARTPATCH™ System, a short-term, minimally invasive system that is simple to deliver and can be used for up to 30 days to stimulate a peripheral nerve peripherally to relieve pain. SPR Therapeutics is developing a pipeline of neurostimulation pain therapies that will exploit the same physiologic mechanism of action, proprietary technology, and clinical approach.

About JumpStart Ventures

JumpStart Ventures invests in innovative, Northeast Ohio-based, early-stage companies that are positioned to excel in high opportunity markets. It guides entrepreneurs with high potential businesses down the path toward wealth creation by providing seed capital,
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SOURCE JumpStart Ventures
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