dBMEDx Wins the Venture Showcase Competition at BioWest 2014

dBMEDx, won the 2014 Venture Showcase competition at the BioWest Conference & Expo yesterday at the Marriott City Center Denver, receiving the  $7,500 cash prize. The announcement is made by April Giles, Colorado BioScience Association (CBSA) President & CEO who says, “We are very proud to announce dBMEDx as the winner of the Venture Showcase. The check presentation was an exciting end to the BioWest Conference. The award not only includes the cash prize of $7,500 but also includes recognition and exposure for the company. ” This award is sponsored by Dorsey & Whitney LLP and The Metro Denver Economic Development Corporation. BioWest, the Rocky Mountain Region’s premier medical device and biotechnology conference, is organized by the CBSA and held every other year.

dBMEDx is a Colorado-based medical device development company that is creating clinical decision and patient monitoring devices using its patented, non-invasive scanning technology. These devices combine the power and safety of ultrasound with sophisticated image processing electronics and software to provide simple, fully automated and completely noninvasive diagnostic measurements.  Fully automated means that very little training is required and the user does not need any experience with ultrasound to use our devices. To enable this level of automation, dBMEDx has successfully created and patented an extremely compact, wireless, 3D scan engine.

The scan engine, which can be held in the palm of the hand, includes a complete 3D ultrasound imaging machine and automated image processor within a small, sealed tube.  The system also includes an integrated Bluetooth radio and rechargeable battery, which is inductively charged. The company is in the process of commercializing the first application for this technology, the BBS Revolution™ device for automated bladder volume measurement, and has a The Venture Showcase format allowed each company’s lead executive (dBMEDx CEO and Director David Shine is pictured presenting at yesterday’s Venture Showcase) to make a 15-minute presentation with an accompanying slide deck explaining their technology and business plan to a panel of judges in front of a live audience.  This year’s judging panel included the following:

• Michael Weiner, Partner, Dorsey
• Ned Scheetz, Managing Director, Aphelion Capital
• Steve VanNurden, President & CEO, Fitzsimons Redevelopment Authority

The three 2014 Venture Showcase finalists included:

dBMEDx – Littleton http://www.dbmedx.com
KromaTiD, Inc. – Fort Collins http://www.kromatid.com
Mighty Oak Medical – Englewood http://www.mightyoakmedical.com

The BioWest Conference was attended by more than 300 industry leaders, government representatives, executives, researchers, investors and entrepreneurs. “We look forward to the continued growth of the bioscience industry and presenting the conference in again 2016,” Giles concludes.

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