FOUNDRY NEWS

Nominations now accepted for 2016 Purdue Entrepreneurship Academy

December 09 2015

WEST LAFAYETTE, Ind. - High school educators, administrators and community leaders in Indiana can nominate current high school sophomores and juniors through Feb. 26 to attend a weeklong entrepreneurship event jointly offered by Purdue Extension and Purdue Foundry.

Nomination forms for the 10th annual Purdue Entrepreneurship Academy can be downloaded by contacting Ryan Wynkoop, special projects coordinator for Indiana 4-H Youth Development, rwynkoop@purdue.edu. There is no fee to nominate a student, nor is there a limit to the number of students who can be nominated from a school. Questions about nominations can be addressed to Wynkoop or Juliana Casavan, entrepreneurial programs manager at Purdue Foundry, jbcasavan@prf.org.

The nationally recognized summer academy will be June 19-24 at Purdue University’s West Lafayette campus. Students will compete in teams for the opportunity to win up to $1,000 in college tuition vouchers to attend Purdue.

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Startup licenses Purdue syringe design that could improve administration of concentrated dosages of insulin

November 30 2015

WEST LAFAYETTE, Ind., and INDIANAPOLIS - The founder of a medical device startup based on a Purdue University innovation says his company could help people in the advanced stages of diabetes, which affects more than 9 percent of the population in the United States, according to the Centers for Disease Control and Prevention.

Kyle Hultgren, founder of Imagine Medical Device Inc., said diabetic patients who use more than 200 units of insulin each day often require concentrated dosages. He said patients who need such dosages face several challenges.

“Traditional syringes are not specifically designed to safely accommodate the dosing and administration of this drug. No syringe accurately shows the dose that has been drawn in, which requires users to compute the size of a dose in their head,” he said. “Also, early complications of advanced diabetes can include blurry vision or vision loss and losing sensation in the fingers. These complications make it difficult for patients to use small insulin syringes that are currently available.”

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Purdue visiting scientist refines all-natural ingredients to preserve cosmetics

November 19 2015

WEST LAFAYETTE, Ind., and MEDELLIN, Colombia - All-natural ingredients refined by a visiting scientist in Purdue University’s Department of Agricultural and Biological Engineering and Laboratory of Renewable Resources Engineering (LORRE) show promise for next-generation products manufactured by the cosmetics industry.

German Schäfer said a current trend in the cosmetics and personal care industry is the use of all-natural ingredients instead of synthesized materials like parabens, which are commonly used preservatives. He is developing ingredients called Solanum Complex and Sopex that could replace synthetic antioxidants and parabens.

“These ingredients are derived from the extracts of superfruits of the Solanum plant species, which grow in particular ecosystems in the foothills of the Colombian Andes,” he said. “Solanum Complex is a natural antioxidant that stimulates internal revitalization and regeneration of the skin. Sopex protects and stabilizes cosmetic and dermatologic formulations. Because of the high purity and bioactivity of these ingredients, only very low concentrations are needed to achieve their multifunctional benefits in cosmetics.”

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SpeechVive receives R and D 100 Award for device to help people with Parkinson's disease communicate better

November 19 2015

WEST LAFAYETTE, Ind. - A company commercializing a Purdue University innovation that helps individuals affected by Parkinson’s disease to speak more loudly and communicate more effectively has been awarded a 2015 R&D 100 Award from the editors of R&D magazine.

SpeechVive Inc., which licenses its technology through the Purdue Research Foundation Office of Technology Commercialization, was recognized for its SpeechVive device. President and CEO Steve Mogensen said the R&D 100 Award is an honor.

“The R&D 100 Awards celebrate the top technology products launched by academia, government-sponsored research and industry. Other awardees in the IT/Electrical category included Adelphi Technology, IBM, the NASA Glenn Research Center, Oak Ridge National Laboratory and Qualcomm Technologies,” he said. “To be recognized alongside those highly innovative businesses and organizations makes my colleagues and me proud. Our resolve to improve the lives of people affected by Parkinson’s has been strengthened.”

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Purdue alumnus launches startup for genetically improved hardwoods sales, consulting

October 26 2015

WEST LAFAYETTE, Ind., and RUSHVILLE, Ind. -

Landowners who are interested in planting trees that could produce veneer wood could benefit from a startup launched by an alumnus of Purdue’s College of Agriculture.

Aaron Forgey, who earned his degree in forestry and natural resources in 2014, is the owner of Legacy Hardwoods LLC. The company is selling trees, including black walnut and black cherry, that have been scientifically proven to have a better chance to become veneer wood than saw logs.

“Veneer trees can be difficult to find in the wild, with perhaps one tree every 10 acres, which makes them so valuable,” he said. “The trees that Legacy Hardwoods is producing and selling are good for aesthetics. On average they grow straighter than trees in the wild. They have fewer branches, which means fewer knots, and the branches that do grow should grow straight out to allow for a cleaner pruning cut.”

Along with producing and selling trees, Forgey consults landowners to ensure they take the proper steps to maximize their investment.

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Obesity drug developer hits $30K crowdfunding goal by slim margin

October 13 2015

Symmetry Therapeutics achieved its goal of raising $30,000 — with just $133 to spare — via a crowdfunding campaign to help fund the Philadelphia-based startup’s research into new therapies to treat obesity.

The narrow margin by which the company hit its goal didn’t bother co-founder and CEO Jon Brestoff Parker.

“Our campaign was less about money and more about engagement,” Parker said.

“This kind of engagement is new and keeps us accountable and transparent to our supporters and stakeholders, including the patients we aim to help,” he continued. “Symmetry’s values of community engagement, accountability, and transparency stand in stark contrast from the biotech companies that have recently received media attention for hiking drug prices overnight to prioritize profits over patients.”

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Can Indiana Be 'The Hub' For Women Entrepreneurs?

October 08 2015

WEST LAFAYETTE -

A new statewide program aims to boost representation of women in the entrepreneurship community. WomenIN will establish a supportive network and give program participants access to Purdue Foundry resources, which include online workshops, entrepreneur-in-residence assistance and educational opportunities. By the end of next year, WomenIN lead and Foundry Entrepreneurial Programs Manager Juliana Casavan says the goal is to have five hubs and 100 participants throughout Indiana.

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Purdue-related startup develops miniature device for biomedical analysis

September 29 2015

WEST LAFAYETTE, Ind., and BEIJING - The founder of an analytical device startup based on Purdue University innovations says his company could improve point-of-care therapy diagnosis and compliance by reducing the time it takes to analyze samples by mass spectrometry.

Zheng Ouyang, president and founder of PURSPEC Technologies Inc., said the company is developing miniature mass spectrometers, which identify the type and amount of chemicals present in blood and urine samples, to speed up the analysis time.

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