May, 2016. An Ohio University team by the name of AEIOU Diagnostics begins participating in the Ohio I-Corps program to investigate the viability of a startup company to commercialize Ohio University’s intellectual property on improvements to MRTA technology. The team is comprised of an Entrepreneurial Lead (Lyn Bowman), and Principal Investigator (Brian Clark) and an Executive Mentor (Jeffrey Spitzner). Anne Loucks provides logistical support in arranging interviews of 188 potential customers and strategic partners. Two markets are identified: a near-term market for scientific instruments that does not require FDA approval, and a longer-term market for medical devices approved by the FDA with reimbursement from medical insurers. AEIOU Diagnostics wins first place in the program Finale.
AEIOU Team validates business model in I-Corps@Ohio
