Two new companies built on Rutgers inventions presented September 20 at University Startup Demo Day, an event in the U.S. Capitol Building for members of Congress and staff, as well as venture capitalists, angel investors and corporate representatives.
The two Rutgers spinouts are Celvive Inc., which is refining a stem-cell technology for regenerative medicine applications, such as helping patients recover from spinal cord injury, and XPEED Turbine Technology LLC, (XTT) which is developing aerodynamic technology that could reduce the cost of wind energy by improving wind turbine efficiency and increasing annual energy production.
Celvive’s founder is Hatem Sabaawy, assistant professor of medicine at the Rutgers Robert Wood Johnson Medical School and director of the school’s Cell and Gene Therapy Good Manufacturing Practice Facility. XTT’s co-founder is Javier Diez, associate professor of mechanical and aerospace engineering in the Rutgers School of Engineering.
University Demo Day is sponsored by the National Council of Entrepreneurial Tech Transfer. The Council selected Celvive and XTT as two of the nation’s 36 Best University Startups for 2016, which were invited to Demo Day.
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