A medical device startup Aspero Medical announced that National Science Foundation (NSF) has provided it a $225,000 grant to help developing an advanced intraoperative endoscopic balloon overtube purposes for the use in the gastrointestinal (GI) and endoscopy procedures. The NSF granted funds will allow further development of Aspero Medical’s C-Tube product line that works in proprietary PillarTM micro-texture technology.
Aspero Medical focuses on developing the solutions and applications related to the field of gastroenterology. It is working on a spinoff of the University of Colorado Boulder and a graduate company of Innosphere Ventures’ commercialization program. Balloon endoscopy has gain the importance for diagnosing and treating the small bowel disease.
CEO of Aspero Medical, Dr. Rentschler said, “This investment will allow us to finalize an entirely new balloon and overtube design that will enable consistent and complete colonoscopy procedures.”
“We are extremely grateful to have received this grant from the National Science Foundation.”
Principal investigator (PI) Mark Rentschler will lead the project and Prospect Life Sciences will provide a support on its field. Rentschler is the CEO of Aspero Medical and he is also the Professor of Mechanical Engineering at the University of Colorado Boulder.
The NSF official Andrea Belz who is at the position Division Director of the Division of Industrial Innovation and Partnerships said, “NSF is proud to support the technology of the future by thinking beyond incremental developments and funding the most creative, impactful ideas across all markets and areas of science and engineering.”