The TI:GER team Syzygy won the Most Fundable Award (a service package worth $35,000 in legal, financial, and other services)in the Business Plan Competition, which goes to the team deemed by judges to be most ready to enter the marketplace. This team's members include Georgia Tech MBA student Brent Duncan, Georgia Tech mechanical and systems engineering PhD student Walter Voit, and Emory law students Justin Helsby and Rob MacKenna.
Syzygy also took home second place ($3,000) for its plan to market shape-memory plastics that are capable of perfectly adapting to fit into a customer's ears. This technology creates a personalized fit for earphones, wireless Bluetooth devices, and hearing aids, alleviating the common comfort problems associated with these devices. The team was also recognized as a Show Stopper and won Best Trade Show Presentation.
The Syzgy team participates in the Technological Innovation: Generating Economic Results (TI:GER®) program, a collaboration between Georgia Tech and Emory Law School that is nationally recognized for its success at developing the next generation of entrepreneurs.
Nanosheild, also representing the TI:GER Program at Georgia Tech, was honored by the Alumni Innovation Award. Nanosheild is developing an implant coating that can eventually increase the life of the implants and make them much safer. Altogether, they won $1,000 at the Business Plan Competition.
Nanosheild's initial commercialization strategy is to target breast augmentation and prevent capsular contracture. Capsular contracture is the occurrence of scar tissue around the implant due to the activated foreign body response that successfully attempts to segregate the implant from the body. Capsular contracture puts pressure on the soft implant. Increased pressure on the implant causes pain, tears, leakage, deformation, and sagging. Nanosheild's technology will combat this phenomenon for breast implants and in the future, for other types of implants.