Details

Last Funding Type

Grant

Last Funding Money Raised

$276K

Industries

Biotechnology,Health Care,Manufacturing,Medical,Medical Device

Founded date

Jan 1, 2016

Number Of Employee

1 - 10

Operating Status

Active

BondTrue LLC, a medical device company, announces the receipt of a Phase II Maryland Industrial Partnerships (MIPS) award from the Maryland Technology Enterprise Institute, a unit of the A. James Clark School of Engineering at the University of Maryland. The joint grant, worth $100,000, will be used for continuing development and research on the company’s patented device (#9,408,672), which aims to automate the process of surgical incisions and closures.
The MIPS program supports the development and commercialization of products and processes in Maryland through industry/university research partnerships. MIPS provides funds, matched by participating companies, to fund the research.
After successfully completing Phase I, BondTrue plans to refine developed prototype designs, which will be used in research and testing.