Medical device maker Avitus Orthopaedics, Inc. – a member of UConn’s incubator program – has raised $1 million to commercialize its products.
The National Science Foundation awarded the company a $750,000 Small Business Innovation Research grants, and the firm raised another $300,000 from state agency Connecticut Innovations and a private investor.
The company develops orthopaedic tools designed to improve clinical outcomes while decreasing costs for patients, surgeons, and hospitals.
The company was founded in 2011 at the John Hopkins University Center for Bioengineering Innovation & Design in Maryland, but the founders moved the company to the UConn incubator in 2013 to work with local physicians on getting approval from the Food & Drug Administration.
Connecticut Innovations has invested $500,000 in the company, to cover the costs of testing, manufacturing, and filing regulatory claims.
