Licensing for a Pediatric Medical Device Research Institute
BACKGROUND
Mark Chandler has assisted the Sheikh Zayed Institute for Pediatric Surgical Innovation (SZI) for several years, serving as Entrepreneur in Residence.
Our Analysis
Mr. Chandler has helped guide researchers and management in development and commercial strategy.
Mr. Chandler assisted in several spin-out ventures from the Institute. SZI is part of the Research Institutes of Children’s National Medical Center, one of the leading U.S. children’s hospitals.
Mr. Chandler has also helped advise eKare, Inc., another SZI spin-off company, which recently won a Washington Business Journal Innovation Award for their 3D wound assessment technology.
Outcome
Mr. Chandler helped negotiate a license and equity transaction to provide a robotic surgery company, Omniboros, with rights to a large patent portfolio. Silicon Valley VC, Great Point Ventures, funded the start-up, which will be continuing in vivo testing throughout 2018.