Startup Tuesday: Introducing......Encore Path
Welcome to another edition of BaltTech's Startup Tuesday, where we highlight a fresh startup from the Mid-Atlantic region every week. If you're interested in having your startup featured, shoot me an email at firstname.lastname@example.org.
Without further ado, here's today's featured company:
* Company Name: Encore Path
* Founder: Kris Appel
* Number of Employees: 2
* Location: Canton, the Can Company, Baltimore, MD
* Field: Medical devices
* Product: The Tailwind, a device for improving arm function and range of motion in stroke survivors with paralysis
* Genesis of the idea for the company: Kris Appel wanted to start a company but didn’t have an idea, so she looked at technologies that were available for licensing from Maryland universities that she could build a company around. Not having a background in stroke or rehabilitation, I nevertheless saw the Tailwind and immediately believed in it. It was invented at the University of Maryland, Baltimore, it had good scientific evidence, and she thought it was something that could improve the lives of millions of stroke survivors around the world. So Appel licensed it, developed it, brought it to market, and is just now beginning to sell it.
* Most important local resource Appel tapped into: There were three. First of all, the ACTiVATE program at UMBC – it develops technology entrepreneurship skills in mid-career women. Secondly, Appel was a recipient of Challenge Funds from the Department of Business and Economic Development – very critical to early-stage funding. And thirdly, she was generously supported by funding from TEDCO, which enabled me to hire an engineering firm to complete the product development.
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